Huntington Bancshares Incorporated (NASDAQ:HBAN) has been upgraded to Outperform in a report by Macquarie today.
- Updated: November 27, 2016
Macquarie has upgraded Huntington Bancshares Incorporated (NASDAQ:HBAN) to Outperform in a report released on 11/22/2016.
Previously on 2/10/2016, Guggenheim released a statement 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%.
Just yesterday Huntington Bancshares Incorporated (NASDAQ:HBAN) traded -0.40% lower at $12.44. Huntington Bancshares Incorporated’s 50-day moving average is $10.84 and its 200-day moving average is $9.94. The last stock price is up 26.39% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 4,265,742 shares of HBAN traded hands, down from an average trading volume of 13,274,700
Recent Performance Chart
Huntington Bancshares Incorporated has 52 week low of $7.83 and a 52 week high of $12.68 with a P/E ratio of 17.74 and has a market cap of $0.
In addition to Macquarie reporting its stock price target, a total of 27 brokers have issued a research note on the company. The average stock price target is $11.13 with 6 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 17 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers 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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