Analysts' ratings for Huntington Bancshares HBAN over the last quarter vary from bullish to bearish, as provided by 14 analysts.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 6 | 5 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 3 | 1 | 0 | 0 |
| 2M Ago | 0 | 1 | 1 | 0 | 0 |
| 3M Ago | 2 | 2 | 3 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $15.71, along with a high estimate of $18.00 and a low estimate of $15.00. Marking an increase of 3.56%, the current average surpasses the previous average price target of $15.17.
Decoding Analyst Ratings: A Detailed Look
An in-depth analysis of recent analyst actions unveils 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 |
|---|---|---|---|---|---|
| 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 |
| Ken Zerbe | Morgan Stanley | Maintains | Overweight | $16.00 | $16.00 |
| Terry McEvoy | Stephens & Co. | Maintains | Equal-Weight | $15.00 | - |
| 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 |
| Steven Alexopoulos | JP Morgan | Raises | Neutral | $16.00 | $15.00 |
| Terry McEvoy | Stephens & Co. | Maintains | Equal-Weight | $15.00 | - |
| John Pancari | Evercore ISI Group | Raises | Outperform | $16.00 | $15.00 |
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: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Huntington Bancshares compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Huntington Bancshares's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Huntington Bancshares's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Huntington Bancshares analyst ratings.
Get to Know Huntington Bancshares Better
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 Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Decline in Revenue: Over the 3 months period, Huntington Bancshares faced challenges, resulting in a decline of approximately -8.69% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Huntington Bancshares's net margin falls below industry averages, indicating challenges in achieving 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 falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.26%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Huntington Bancshares's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.2%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Huntington Bancshares's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.88, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Understanding the Relevance of Analyst Ratings
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
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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