Does Wall Street Rate First Horizon Corporation (FHN) Shares A Sell?

As of Friday close, First Horizon Corporation’s (NYSE:FHN) stock was up $0.08, moving up 0.37 percent to $21.72. The average number of shares traded per day over the past five days has been 6,736,740 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.78 fall in that time frame. In the last twenty days, the average volume was 5,999,425, while in the previous 50 days, it was 8,455,038.

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Since last month, FHN stock retreated -5.11%. Shares of the company fell to $21.33 on 05/12/22, the lowest level in the past month. A 52-week high of $24.24 was reached on 02/28/22 after having rallying from a 52-week low of $14.67. Since the beginning of this year, FHN’s stock price has risen by 33.01% or $5.39, and marked a new high 9 times. However, the stock has declined by -10.40% since its 52-week high.

First Horizon Corporation (FHN) last reported insider trading activity 17 days ago on Apr 27. AKINS TERRY LAWSON, the Sr. EVP, Chief Risk Officer of the company, disposed of 39,904 shares for $22.75 on Apr 27. It resulted in a $907,957 divestment by the insider. BYRD DARYL G sold 155,328 shares at an average price of $17.27 on Feb 01. The insider now owns 1,638,852 shares following the transaction. On Jul 29, Sr. EVP and CFO Losch William C III sold 22,684 shares at $15.66 apiece. The transaction was valued at $355,298.

Valuation Metrics

Right now, First Horizon Corporation (FHN) has a P/E ratio of about 12.92. The stock’s beta is 1.15. Besides these, the trailing price-to-sales (P/S) ratio of 5.45, the price-to-book (PB) ratio of 1.52, and the price-to-cash flow ratio of 18.93 may also be considered.

The latest dividend of $0.15 per share was paid out, remained unchanged from last year’s $0.15. On Tuesday January 28 2020, a $0.01 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.21, and the total debt-to-equity ratio was 0.21. Based on annual data, FHN earned $1.99 billion in gross profit and brought in $2.16 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 21.90%. Return on equity (ROE) for the past 12 months was 12.80%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected First Horizon Corporation to report $0.41 quarterly earnings, the actual figure was $0.5 per share, beating the consensus estimate by 22.00%. The value of shareholders’ equity is $534.88 million.

Technical Picture

This quick technical analysis looks at First Horizon Corporation’s (FHN) price momentum. With a historical volatility rate of 18.14%, the RSI 9-day stood at 31.46% on 13 May.

With respect to its five-day moving average, the current First Horizon Corporation price is down by -3.47% percent or -$0.78. At present, FHN shares trade -5.73% below its 20-day simple moving average and +42.52% percent above its 100-day simple moving average. However, the stock is currently trading approximately -9.01% below its SMA50 and +39.05% above its SMA200.

Stochastic coefficient K was 15.40% and Stochastic coefficient D was 12.87%, while ATR was 0.43. Given the Stochastic reading of 24.00% for the 14-day period, the RSI (14) reading has been calculated as 35.29%. As of today, the MACD Oscillator reading stands at -0.40, while the 14-day reading stands at -0.61.

Analyst Ratings

Wedbush launched its rating on First Horizon Corporation (NYSE: FHN) to an Outperform in a note to investors on February 23, 2022. First Horizon Corporation (FHN) has been rated Hold by analysts. According to 0 brokerage firms, FHN is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate First Horizon Corporation stock as buy, with 2 recommending it as overweight.

With a median target price of $25.00, the current consensus forecast for the stock is $20.00 – $25.00. Based on these forecasts, analysts predict First Horizon Corporation (FHN) will achieve an average price target of $24.50.


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