Huntington Bancshares Incorporated (NASDAQ: HBAN) had its price target raised by Jefferies Group from $7.50 to $8.25 in a research report released on Thursday morning. Jefferies Group currently has a buy rating on the stock.
“We hosted meetings with HBAN CEO Steve Steinour. Messages about delivering operating leverage and building for long-term profitable growth are intact. HBAN faces near-term hurdles like others (slower but still growing loans, mortgage fee normalization), but has more avenues to fill-in (customer growth, new loan initiatives, capital return). We update ests. slightly (’14 to $0.72 from $0.70) and raise our target to $8.25.,” Jefferies Group’s analyst commented.
A number of other firms have also recently commented on HBAN. Analysts at Sanford C. Bernstein reiterated a market perform rating on shares of Huntington Bancshares Incorporated in a research note to investors on Thursday. They now have a $7.50 price target on the stock. Separately, analysts at Zacks reiterated a neutral rating on shares of Huntington Bancshares Incorporated in a research note to investors on Wednesday, February 27th. They now have a $7.25 price target on the stock. Finally, analysts at Barclays Capital reiterated an underweight rating on shares of Huntington Bancshares Incorporated in a research note to investors on Tuesday, February 19th. They now have a $7.00 price target on the stock.
Shares of Huntington Bancshares Incorporated (NASDAQ: HBAN) traded down 0.52% during mid-day trading on Thursday, hitting $7.47. Huntington Bancshares Incorporated has a 52 week low of $5.81 and a 52 week high of $7.55. The stock’s 50-day moving average is currently $7.12. The company has a market cap of $6.290 billion and a P/E ratio of 10.58.
Huntington Bancshares Incorporated is a bank holding company. The Company provides full-service commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance programs, and other financial products and services.
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