Huntington Bancshares HBAN has been analyzed by 8 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 3 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 1 | 0 | 0 |
| 2M Ago | 1 | 1 | 0 | 0 | 0 |
| 3M Ago | 1 | 1 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Huntington Bancshares, presenting an average target of $15.19, a high estimate of $16.00, and a low estimate of $14.00. Witnessing a positive shift, the current average has risen by 15.16% from the previous average price target of $13.19.
Decoding Analyst Ratings: A Detailed Look
A comprehensive examination of how financial experts perceive Huntington Bancshares is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| John Pancari | Evercore ISI Group | Raises | Outperform | $16.00 | $15.00 |
| Scott Siefers | Piper Sandler | Raises | Neutral | $14.00 | $13.00 |
| Peter Winter | DA Davidson | Raises | Buy | $15.50 | $14.00 |
| Erika Najarian | UBS | Raises | Buy | $15.00 | $14.00 |
| Ken Zerbe | Morgan Stanley | Raises | Overweight | $16.00 | $13.00 |
| Keith Horowitz | Citigroup | Raises | Buy | $15.00 | $14.00 |
| John Pancari | Evercore ISI Group | Raises | Outperform | $15.00 | $10.50 |
| Jason Goldberg | Barclays | Raises | Equal-Weight | $15.00 | $12.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Huntington Bancshares. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Huntington Bancshares compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Huntington Bancshares's stock. This examination reveals shifts in analysts' expectations over time.
To gain a panoramic view of Huntington Bancshares's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using 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.
Huntington Bancshares: Delving into Financials
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Decline in Revenue: Over the 3 months period, Huntington Bancshares faced challenges, resulting in a decline of approximately -9.33% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's 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 is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 12.09%, 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 1.3%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Huntington Bancshares's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.11%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Huntington Bancshares's debt-to-equity ratio stands notably higher than the industry average, reaching 0.73. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Analyst Ratings: What Are They?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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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