Huntington Bancshares (HBAN) Coverage Initiated at UBS
Equities researchers at UBS initiated coverage on shares of Huntington Bancshares (NASDAQ:HBAN) in a research report issued on Wednesday. The firm set a “buy” rating and a $20.00 price target on the bank’s stock. UBS’s target price would indicate a potential upside of 30.63% from the stock’s current price.
Several other research analysts have also issued reports on the company. Morgan Stanley increased their target price on Huntington Bancshares from $14.50 to $16.50 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Hilliard Lyons raised Huntington Bancshares from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Friday, February 9th. BidaskClub raised Huntington Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Vining Sparks reaffirmed a “buy” rating and set a $19.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, January 23rd. Finally, Barclays raised their price objective on Huntington Bancshares from $14.00 to $17.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Nine analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Huntington Bancshares has an average rating of “Buy” and an average target price of $16.91.
HBAN stock opened at $15.31 on Wednesday. Huntington Bancshares has a 52-week low of $12.14 and a 52-week high of $16.60. The stock has a market capitalization of $17,449.98, a P/E ratio of 15.31, a PEG ratio of 1.20 and a beta of 1.33. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.88 and a quick ratio of 0.87.
A number of institutional investors and hedge funds have recently modified their holdings of HBAN. Capital International Investors boosted its stake in Huntington Bancshares by 13.2% during the 3rd quarter. Capital International Investors now owns 49,719,215 shares of the bank’s stock valued at $694,080,000 after purchasing an additional 5,800,000 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in Huntington Bancshares during the 4th quarter valued at $45,268,000. Deutsche Bank AG boosted its stake in Huntington Bancshares by 123.8% during the 4th quarter. Deutsche Bank AG now owns 3,140,256 shares of the bank’s stock valued at $45,718,000 after purchasing an additional 1,737,095 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Huntington Bancshares by 487.2% during the 4th quarter. Renaissance Technologies LLC now owns 2,078,244 shares of the bank’s stock valued at $30,259,000 after purchasing an additional 1,724,300 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in Huntington Bancshares by 28.7% during the 4th quarter. Teachers Advisors LLC now owns 7,737,456 shares of the bank’s stock valued at $112,657,000 after purchasing an additional 1,723,377 shares during the last quarter. Institutional investors and hedge funds own 73.91% of the company’s stock.
TRADEMARK VIOLATION WARNING: This story was reported by Daily Political and is owned by of Daily Political. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://www.dailypolitical.com/2018/03/22/huntington-bancshares-hban-coverage-initiated-at-ubs.html.
About Huntington Bancshares
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.