Huntington Bancshares, Inc. [HBAN] stock is trading at $14.61, down -0.14%. 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 4.13% over the last week, with a monthly amount drifted -3.44%, and not 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 July 26, 2024, when Robert W. Baird downgraded its rating to a Neutral but kept the price target unchanged to $15 for it. Previously, Piper Sandler downgraded its rating to Underweight on June 14, 2024, and dropped its price target to $11.50. On May 28, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $18 on the stock. Jefferies upgraded its rating to a Buy and increased its price target to $16 on April 08, 2024. BofA Securities upgraded its rating to a Buy and raised its price target to $16 on April 08, 2024. DA Davidson upgraded its rating to Buy for this stock on February 27, 2024, and upped its price target to $15.50. In a note dated February 14, 2024, UBS upgraded an Buy rating on this stock and boosted its target price from $14 to $15.
Huntington Bancshares, Inc. [HBAN] stock has fluctuated between $9.25 and $15.24 over the past year. Currently, Wall Street analysts expect the stock to reach $16.04 within the next 12 months. Huntington Bancshares, Inc. [NASDAQ: HBAN] shares were valued at $14.61 at the most recent close of the market. An investor can expect a potential return of 9.79% based on the average HBAN price forecast.
Analyzing the HBAN fundamentals
Huntington Bancshares, Inc. [NASDAQ:HBAN] reported sales of 11.39B for the trailing twelve months, which represents a growth of 10.62%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.18%. 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 of0.85.
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 14.50 points at the first support level, and at 14.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.74, and for the 2nd resistance point, it is at 14.88.
Ratios To Look Out For
For context, Huntington Bancshares, Inc.’s Current Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 1.86, the price to book ratio is 1.24 and price to earnings (TTM) ratio is 13.89.
Transactions by insiders
Recent insider trading involved Lawlor Brendan A, Executive VP and CCO, that happened on Jul 29 ’24 when 9050.0 shares were sold. Senior Exec. V. P., Houston Helga completed a deal on Jul 29 ’24 to sell 11288.0 shares. Meanwhile, Officer Lawlor Brendan A bought 9050.0 shares on Jul 29 ’24.
