Zacks Investment Research downgraded Huntington Bancshares Incorporated (NASDAQ:HBAN) to Sell in a report released today.
- Updated: September 21, 2016
Yesterday Huntington Bancshares Incorporated (NASDAQ:HBAN) traded 0.21% higher at $9.73. The company’s 50-day moving average is $9.72 and its 200-day moving average is $9.66. The last stock close price is up 0.74% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 11,205,704 shares of the stock were exchanged, down from an average trading volume of 13,762,900
Zacks Investment Research has downgraded Huntington Bancshares Incorporated (NASDAQ:HBAN) to Sell in a report released on 09/21/2016.
Previously on 04/21/2016, Bernstein reported about Huntington Bancshares Incorporated (NASDAQ:HBAN) raised the target price from $11.00 to $12.00. At the time, this indicated a possible upside of 0.17%.
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Huntington Bancshares Incorporated has a 52 week low of $7.83 and a 52 week high of $11.87 with a P/E ratio of 12.47 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 27 firms have reported on the stock. The consensus target price is $11.13 with 6 firms rating the stock a strong buy, 5 firms rating the stock a buy, 17 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.
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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