Huntington Bancshares, Inc. [NASDAQ: HBAN] gained 3.18% or 0.45 points to close at $14.62 with a heavy trading volume of 12491180 shares.
The daily chart for HBAN points out that the company has recorded 7.50% gains over the past six months.
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If we look at the average trading volume of 14.99M shares, HBAN reached to a volume of 12491180 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Huntington Bancshares, Inc. [HBAN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HBAN shares is $16.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HBAN stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Robert W. Baird have made an estimate for Huntington Bancshares, Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 26, 2024. While these analysts kept the previous recommendation, Piper Sandler dropped their target price from $13.50 to $11.50. The new note on the price target was released on June 14, 2024, representing the official price target for Huntington Bancshares, Inc. stock. Previously, the target price had yet another raise from $16 to $18, while JP Morgan kept a Overweight rating on HBAN stock. On April 08, 2024, analysts increased their price target for HBAN shares from 14 to 16.
The Average True Range (ATR) for Huntington Bancshares, Inc. is set at 0.33, with the Price to Sales ratio for HBAN stock in the period of the last 12 months amounting to 1.86. The Price to Book ratio for the last quarter was 1.24. Price to Free Cash Flow for HBAN in the course of the last twelve months was 7.78.
Trading performance analysis for HBAN stock
Huntington Bancshares, Inc. [HBAN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.14. With this latest performance, HBAN shares dropped by -0.20% in over the last four-week period, additionally plugging by 7.50% over the last 6 months – not to mention a rise of 47.83% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HBAN stock in for the last two-week period is set at 53.66, with the RSI for the last a single of trading hit 54.78, and the three-weeks RSI is set at 53.52 for Huntington Bancshares, Inc. [HBAN]. The present Moving Average for the last 50 days of trading for this stock 14.32, while it was recorded at 14.40 for the last single week of trading, and 13.52 for the last 200 days.
Huntington Bancshares, Inc. [HBAN]: A deeper dive into fundamental analysis
Huntington Bancshares, Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.11.
Huntington Bancshares, Inc. [HBAN]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Huntington Bancshares, Inc. posted 0.35/share EPS, while the average EPS was predicted by analysts to be reported at 0.32/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.03. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HBAN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Huntington Bancshares, Inc. go to 3.98%.
An analysis of Institutional ownership at Huntington Bancshares, Inc. [HBAN]
There are presently around $85.04%, or 85.84%% of HBAN stock, in the hands of institutional investors. The top three institutional holders of HBAN stocks are: VANGUARD GROUP INC with ownership of 171.75 million shares, which is approximately 11.8574%. BLACKROCK INC., holding 130.34 million shares of the stock with an approximate value of $$1.72 billion in HBAN stocks shares; and BLACKROCK INC., currently with $$1.22 billion in HBAN stock with ownership which is approximately 6.3782%.
