Home / Street Sector / Stocks in Expert’s Opinion: Huntington Bancshares (NASDAQ:HBAN), Microsoft (NASDAQ:MSFT), Chesapeake Energy (NYSE:CHK)

Stocks in Expert’s Opinion: Huntington Bancshares (NASDAQ:HBAN), Microsoft (NASDAQ:MSFT), Chesapeake Energy (NYSE:CHK)

Huntington Bancshares Incorporated (NASDAQ:HBAN) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 0.21% to $9.66. Huntington Bancshares Inc. released that it has completed its takeover of FirstMerit Corp., putting Columbus-based bank in new Midwest markets and making it Ohio’s largest deposit-holder.

The parent of Huntington National Bank said Tuesday it closed the $3.4 billion cash-and-stock transaction, first announced in January, following shareholder and regulatory approvals. Customer relationships will continue as normal through the end of the year, with branch and account conversions coming in 2017. All branding will be changed to Huntington. “Huntington’s acquisition of FirstMerit expands customer convenience extending our products and services and award-winning customer experience,” Huntington CEO Steve Steinour said in a press release. The share price of HBAN attracts active investors, as stock price of week volatility recorded 1.66%. The stock is going forward to its 52-week low with 25.20% and lagging behind from its 52-week high price with -16.90%.

Microsoft Corporation (NASDAQ:MSFT) [Trend Analysis] surged reacts as active mover, shares an increase 0.21% to traded at $57.56 and the percentage gap between open changing to regular change was 0.17%. Microsoft (MSFT) released that official price cuts on three of its smartphones in the new Lumia range. The Microsoft Lumia 950, Lumia 950 XL, and Lumia 650 all have received permanent price cuts in the US. The Microsoft Lumia 650 was launched in February, and six months later it has received an official price slash. The smartphone was launched with a price tag of $199 (roughly Rs. 13,300), is now available for $149 (roughly Rs. 10,000).

Apart from the US, Canada also receives the price cut and is available for CAD 149 (roughly Rs. 7,800). Microsoft has also introduced discounts on the purchase of the Lumia 650 accessories. In the US, Cricket Wireless is also selling the Lumia 650 for just $50 (roughly Rs. 3,300). The firm’s current ratio calculated as 2.40 for the most recent quarter. The firm past twelve months price to sales ratio was 5.29 and price to cash ratio remained 3.99. As far as the returns are concern, the return on equity was recorded as 29.00% and return on investment was 13.50% while its return on asset stayed at 12.00%. The firm has total debt to equity ratio measured as 0.75.

Chesapeake Energy Corporation (NYSE:CHK) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -3.89% to close at $5.68 with the total traded volume of 65.64 Million shares. Chesapeake Energy Corporation (CHK) released that it successfully priced its proposed term loan and, because of strong demand, has upsized the term loan to $1.5 billion from a previously announced size of $1.0 billion. The term loan is being arranged by Goldman Sachs Bank USA, Citigroup Global Markets Inc. and MUFG as joint lead arrangers.

Chesapeake intends to use the net proceeds of the loan to finance tender offers for its unsecured notes, with any remaining proceeds used for further debt repayments and other general corporate purposes. Chesapeake expects this financing and the tender offers to improve its financial flexibility by reducing its near-term maturing debt. The loan will have a five-year term and bear interest at a rate of LIBOR plus 7.50% per annum, subject to a 1.00% LIBOR floor. The loan will be made at par without original issue discount. The loan will be secured by the same collateral securing the company’s revolving credit facility. The firm has institutional ownership of 64.40%, while insider ownership included 0.90%. Its price to sales ratio ended at 0.42. CHK attains analyst recommendation of 3.20 with week performance of 18.33%.


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