Huntington Bancshares Incorporated (NASDAQ:HBAN) has been upgraded from Neutral to Outperform in a statement by Macquarie Research earlier today.
- Updated: November 26, 2016
Macquarie Research has upgraded Huntington Bancshares Incorporated (NASDAQ:HBAN) from Neutral to Outperform in a report released on 11/22/2016.
Previously on 02/10/2016, Guggenheim reported about Huntington Bancshares Incorporated (NASDAQ:HBAN) held steady the target price at $11.00. At the time, this indicated a possible upside of 0.31%.
Yesterday Huntington Bancshares Incorporated (NASDAQ:HBAN) traded -0.40% lower at $12.43. The company’s 50-day moving average is $10.84 and its 200-day moving average is $9.94. The last stock close price is up 26.39% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 4,265,742 shares of the stock were exchanged, down from an average trading volume of 13,274,700
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Huntington Bancshares Incorporated has a 52 week low of $7.83 and a 52 week high of $12.68 with a P/E ratio of 17.74 The company’s market cap is currently $0.
In addition to Macquarie Research reporting its stock price target, a total of 27 brokers have released a report on Huntington Bancshares Incorporated. The 12-month price target is $11.13 with six equity analysts rating the company a strong buy, five equity analysts rating the company a buy, seventeen equity analysts rating the company a hold, one equity analyst rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About Huntington Bancshares Incorporated (NASDAQ:HBAN)
Huntington Bancshares Incorporated is a diversified regional bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company is engaged in providing commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance programs, and other financial products and services. It operates through five segments: Retail and Business Banking, Commercial Banking, Automobile Finance and Commercial Real Estate, Regional Banking and The Huntington Private Client Group, and Home Lending. The Company offers commercial and industrial loans, commercial real estate loans, automobile loans, home equity loans, residential mortgage loans and other consumer loans. It offers demand deposits-noninterest-bearing, demand deposits-interest-bearing, money market deposits, and savings and other domestic deposits.
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