Why Huntington Bancshares Incorporated (NASDAQ:HBAN) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $10.550 on Huntington Bancshares Incorporated (NASDAQ:HBAN) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.800 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Huntington Bancshares Incorporated (NASDAQ:HBAN) stands at 12.083.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Huntington Bancshares Incorpora, the PEG ratio for coming 3-5 years is 2.480.

Technical Analysis

The technical analysis highlights that Huntington Bancshares Incorpora current is trading $0.292 points away or +3.199% from its 50-day moving average of $9.133. Further it is trading $-0.010 or -0.101% away its 200-day moving average of $9.435.

The 52-week high of Huntington Bancshares Incorporated (NASDAQ:HBAN) was $11.880 while lowest point recorded in 52-week was $7.830. It implies if stock price makes a movement of over $-2.455, it will record a new 52-week high. In the case of +20.370% drop, it will touch a new 52-week low.

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