Huntington Bancshares, Inc. [HBAN] stock prices are up 0.95% to $13.76 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HBAN shares have gain 4.64% over the last week, with a monthly amount glided 2.92%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Huntington Bancshares, Inc. [NASDAQ: HBAN] stock has seen the most recent analyst activity on April 08, 2024, when Jefferies upgraded its rating to a Buy and also boosted its price target to $16 from $14. Previously, BofA Securities upgraded its rating to Buy on April 08, 2024, and elevated its price target to $16. On February 27, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $15.50 on the stock. UBS upgraded its rating to a Buy and increased its price target to $15 on February 14, 2024. Evercore ISI upgraded its rating to a Outperform and raised its price target to $15 on January 03, 2024. Barclays upgraded its rating to Equal Weight for this stock on January 02, 2024, and upped its price target to $15. In a note dated October 23, 2023, Wolfe Research upgraded an Peer Perform rating on this stock.
The stock price of Huntington Bancshares, Inc. [HBAN] has been fluctuating between $9.13 and $14.07 over the past year. Currently, Wall Street analysts expect the stock to reach $16.5 within the next 12 months. Huntington Bancshares, Inc. [NASDAQ: HBAN] shares were valued at $13.76 at the most recent close of the market. An investor can expect a potential return of 19.91% based on the average HBAN price forecast.
Analyzing the HBAN fundamentals
The Huntington Bancshares, Inc. [NASDAQ:HBAN] reported sales of 11.13B for trailing twelve months, representing a surge of 14.46%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.78.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.55 points at the first support level, and at 13.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.88, and for the 2nd resistance point, it is at 13.99.
Ratios To Look Out For
It’s worth pointing out that Huntington Bancshares, Inc. [NASDAQ:HBAN]’s Current Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 1.80, the price to book ratio is 1.18 and price to earnings (TTM) ratio is 12.42.
Transactions by insiders
Recent insider trading involved CRANE ANN B, Director, that happened on Mar 08 ’24 when 58000.0 shares were sold. Senior Exec. V.P., Tutkovics Julie C completed a deal on Feb 20 ’24 to sell 15541.0 shares. Meanwhile, Senior Exec. V. P. Houston Helga sold 28700.0 shares on Jan 30 ’24.
