Analyst Ratings For Huntington Bancshares
Portfolio Pulse from Benzinga Insights
Huntington Bancshares (NASDAQ:HBAN) has received mixed analyst ratings over the past three months, with 7 analysts offering views ranging from bullish to indifferent. The average 12-month price target has been raised to $14.57, reflecting an 18.55% increase from the previous target of $12.29. Analysts from firms including Citigroup, Evercore ISI Group, Barclays, Raymond James, RBC Capital, Goldman Sachs, and Morgan Stanley have raised their price targets for HBAN. The company faces challenges with a revenue decline of -8.31% as of December 31, 2023, a below-average net margin of 12.49%, and a low ROE of 1.3% and ROA of 0.11%. Its debt-to-equity ratio of 0.77 is higher than the industry average, indicating a higher financial risk.
January 25, 2024 | 9:00 pm
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POSITIVE IMPACT
Analysts have mixed views on HBAN but have raised the average price target to $14.57, indicating a positive outlook. The company's financial performance shows challenges with revenue decline and profitability metrics.
The increase in the average price target suggests that analysts see potential for growth in HBAN's stock price, despite the company's recent financial challenges. The positive adjustments in analyst ratings typically have a favorable impact on investor sentiment and can lead to short-term price increases. However, the underlying financial challenges such as revenue decline and lower profitability metrics may temper the extent of the positive impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100