Huntington Bancshares, Inc [NASDAQ: HBAN] price plunged by -2.50 percent to reach at -$0.41.
The one-year HBAN stock forecast points to a potential upside of 16.04. The average equity rating for HBAN stock is currently 2.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $19.08 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.
JP Morgan have made an estimate for Huntington Bancshares, Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 04, 2024. The new note on the price target was released on July 26, 2024, representing the official price target for Huntington Bancshares, Inc stock. Previously, the target price had yet another drop from $13.50 to $11.50, while Piper Sandler kept a Underweight rating on HBAN stock. On May 28, 2024, analysts increased their price target for HBAN shares from 16 to 18.
The Average True Range (ATR) for Huntington Bancshares, Inc is set at 0.38, with the Price to Sales ratio for HBAN stock in the period of the last 12 months amounting to 2.01. The Price to Book ratio for the last quarter was 1.28. Price to Free Cash Flow for HBAN in the course of the last twelve months was 17.53.
HBAN Stock Performance Analysis:
Huntington Bancshares, Inc [HBAN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.35. With this latest performance, HBAN shares dropped by -7.29% in over the last four-week period, additionally plugging by 19.02% over the last 6 months – not to mention a rise of 24.19% 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 36.21, with the RSI for the last a single of trading hit 31.32, and the three-weeks RSI is set at 40.84 for Huntington Bancshares, Inc [HBAN]. The present Moving Average for the last 50 days of trading for this stock 16.95, while it was recorded at 16.40 for the last single week of trading, and 14.74 for the last 200 days.
Insight into Huntington Bancshares, Inc Fundamentals:
Huntington Bancshares, Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.11.
HBAN Stock EPS
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 4.71%.
Huntington Bancshares, Inc [HBAN] Institutonal Ownership Details
There are presently around $85.93%, or 86.75%% 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%.
