At the time of writing, Huntington Bancshares, Inc [HBAN] stock is trading at $16.52, up 0.36%. 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 3.83% over the last week, with a monthly amount drifted -9.23%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Robert W. Baird downgraded its rating to Neutral on July 26, 2024, and kept the price target unchanged to $15. On June 14, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $11.50 on the stock. JP Morgan upgraded its rating to a Overweight and increased its price target to $18 on May 28, 2024. Jefferies upgraded its rating to a Buy and raised its price target to $16 on April 08, 2024. BofA Securities upgraded its rating to Buy for this stock on April 08, 2024, and upped its price target to $16. In a note dated February 27, 2024, DA Davidson upgraded an Buy rating on this stock and boosted its target price from $14 to $15.50.
For the past year, the stock price of Huntington Bancshares, Inc fluctuated between $12.02 and $18.44. Currently, Wall Street analysts expect the stock to reach $16.56 within the next 12 months. Huntington Bancshares, Inc [NASDAQ: HBAN] shares were valued at $16.52 at the most recent close of the market. An investor can expect a potential return of 0.24% based on the average HBAN price forecast.
Analyzing the HBAN fundamentals
According to Huntington Bancshares, Inc [NASDAQ:HBAN], the company’s sales were 11.60B for trailing twelve months, which represents an 7.38% jump. Gross Profit Margin for this corporation currently stands at 1.05% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.08 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.8.
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 16.34 points at the first support level, and at 16.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.63, and for the 2nd resistance point, it is at 16.73.
Ratios To Look Out For
It is important to note that Huntington Bancshares, Inc [NASDAQ:HBAN] has a current ratio of 0.11. Considering the valuation of this stock, the price to sales ratio is 2.07, the price to book ratio is 1.32 and price to earnings (TTM) ratio is 16.04.
Transactions by insiders
Recent insider trading involved Syal Rajeev, Former Officer, that happened on Nov 27 ’24 when 2824.0 shares were purchased. Chief DEI Officer, SVP, White Donnell R completed a deal on Nov 22 ’24 to sell 2840.0 shares. Meanwhile, Officer White Donnell R bought 2840.0 shares on Nov 22 ’24.
