Do analysts think you should hold?
Wall Street is positive on Huntington Bancshares Incorporated (HBAN). On average, analysts give Huntington Bancshares Incorporated a Buy rating. The average price target is $18.178, which means analysts expect the stock to gain 21.43% over the next twelve months. This average ranking earns Huntington Bancshares Incorporated an analyst rating of 24, which is better than 24% of the stock based on data compiled by InvestorsObserver.
Why are analyst ratings important?
A company’s financial statements are an important factor weighted by experts when analyzing a company’s health. Beyond the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shut down supply chains, causing consumption to change at worldwide. This knowledge allows investors to react to potential market changes before they are revealed in a quarterly announcement.
InvestorsObserver averages the ratings of all these analysts and ranks these averages into percentiles. This allows you to compare stocks in more detail than the usual five-level system used by the majority of investors.
What’s going on with the shares of Huntington Bancshares Incorporated today?
Huntington Bancshares Incorporated (HBAN) stock is trading at $14.97 at 12:51 p.m. on Monday, January 24, down -$0.22, or -1.42% from the previous closing price of 15 $.18. The stock has traded between $14.75 and $15.18 so far today. Volume today is 11,581,357 compared to an average volume of 12,008,634. Click here for the full Huntington Bancshares Incorporated stock report.