Huntington Bancshares HBAN has been analyzed by 16 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 8 | 3 | 1 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 5 | 1 | 1 | 0 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 2 | 2 | 2 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $15.5, with a high estimate of $18.00 and a low estimate of $11.50. The average price target has stayed the same, reflecting a consistent view from analysts.
Interpreting Analyst Ratings: A Closer Look
In examining recent analyst actions, we gain insights into how financial experts perceive Huntington Bancshares. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Ken Usdin | Jefferies | Lowers | Buy | $15.00 | $16.00 |
| Steven Alexopoulos | JP Morgan | Lowers | Overweight | $16.50 | $17.00 |
| John Pancari | Evercore ISI Group | Lowers | Outperform | $15.00 | $16.50 |
| Steven Alexopoulos | JP Morgan | Lowers | Overweight | $17.00 | $18.00 |
| Scott Siefers | Piper Sandler | Lowers | Underweight | $11.50 | $13.50 |
| Erika Najarian | UBS | Lowers | Buy | $15.00 | $16.00 |
| Ken Zerbe | Morgan Stanley | Lowers | Overweight | $15.00 | $16.00 |
| David Konrad | Keefe, Bruyette & Woods | Maintains | Market Perform | $15.00 | $15.00 |
| Jon Arfstrom | RBC Capital | Maintains | Outperform | $16.00 | $16.00 |
| Steven Alexopoulos | JP Morgan | Raises | Overweight | $18.00 | $16.00 |
| Terry McEvoy | Stephens & Co. | Maintains | Equal-Weight | $15.00 | $15.00 |
| Ken Zerbe | Morgan Stanley | Maintains | Overweight | $16.00 | $16.00 |
| Jon Arfstrom | RBC Capital | Raises | Outperform | $16.00 | $15.00 |
| Ken Usdin | Jefferies | Raises | Buy | $16.00 | $14.00 |
| Ebrahim Poonawala | B of A Securities | Raises | Buy | $16.00 | $14.00 |
| David Konrad | Keefe, Bruyette & Woods | Raises | Market Perform | $15.00 | $14.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Huntington Bancshares. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Huntington Bancshares compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Huntington Bancshares's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Huntington Bancshares's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Huntington Bancshares analyst ratings.
Delving into Huntington Bancshares's Background
Huntington Bancshares Inc is a regional bank holding company headquartered in Columbus, Ohio. The bank operates in two business segments: Consumer & Regional Banking and Commercial Banking. The bank derives the maximum of its revenue from the Consumer & Business Banking segment. The other segment of the bank consists of Treasury and others. The bank also provides auto dealer, equipment finance, investment management, trust, brokerage, capital market services, and other services.
Key Indicators: Huntington Bancshares's Financial Health
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Negative Revenue Trend: Examining Huntington Bancshares's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -8.69% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Huntington Bancshares's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 21.84%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Huntington Bancshares's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.26%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Huntington Bancshares's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.2%, the company may face hurdles in achieving optimal financial performance.
Debt Management: With a high debt-to-equity ratio of 0.88, Huntington Bancshares faces challenges in effectively managing its debt levels, indicating potential financial strain.
The Significance of Analyst Ratings Explained
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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