Raymond James sticks to his buy note for Huntington Bancshares Inc. By Investing.com
Raymond James analyst David Long maintained a buy rating on Huntington Bancshares (NASDAQ 🙂 Inc. on Thursday, setting a price target of $ 20, or about 25.79% above the current price of the share of $ 15.9.
Long expects Huntington Bancshares Inc. to post earnings per share (EPS) of $ -0.05 for the fourth quarter of 2021.
The current consensus between 8 TipRanks Analysts are for a moderate buy rating on shares of Huntington Bancshares, with an average price target of $ 17.16.
Analysts’ price targets range from a high of $ 20 to a low of $ 15.
In its latest earnings report, released 6/30/2021, the company reported quarterly revenue of $ 1.28 billion and net income of $ 0. The company’s market capitalization is $ 23.48 billion.
According to TipRanks.com, Raymond James analyst David Long is currently rated with 4 stars on a 0 to 5 star rating scale, with an average performance of 6.9% and a success rate of 46.37%.
Huntington Bancshares, Inc. operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, auto financing, recreational and marine vehicle financing, equipment leasing, investment management, trust services, brokerage services, insurance programs and other financial products and services. The company operates through the following segments: Personal and Commercial Banking, Commercial Banking, Commercial Real Estate and Vehicle Financing, Regional Banking and The Huntington Private Client Group, and Mortgage Loans. The Personal and Business Banking segment provides financial products and services to consumers and small businesses including, but not limited to, chequing accounts, savings accounts, money market accounts, certificates deposits, investments, consumer loans, credit cards and small business loans. The Commercial Banking segment provides products and services to mid-market, large corporate and government public sector clients located primarily within its geographic footprint. The segment is divided into the following business units: Mid-Market, Large Enterprise, Specialty Banking, Asset Finance, Capital Markets, Treasury Management, and Insurance. The Commercial Real Estate and Vehicle Finance segment provides products and services, including the financing of land, buildings and other commercial real estate owned or constructed by real estate developers, car dealers or other clients. with financing needs for real estate projects, and financing for the purchase of automobiles, light trucks, recreational vehicles and watercraft from franchised dealerships, financing of the acquisition of new and used vehicles from dealers franchised automobiles. The Regional Banking Services segment and The Huntington Private Client Group comprises private banking, wealth and investment management and pension services. The Home Loans segment creates and manages consumer and mortgage loans for clients located in primary banking markets. Huntington Bancshares was founded in 1966 and is headquartered in Columbus, OH.
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