How Analysts Feel About First Horizon Corporation (FHN)?

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As of Wednesday close, First Horizon Corporation’s (NYSE:FHN) stock was up $0.05, moving up 0.20 percent to $24.67. The average number of shares traded per day over the past five days has been 4,169,420 shares. 5 times new highs have been achieved over the past 5 days, with a $0.37 gain in that time frame. In the last twenty days, the average volume was 4,662,980, while in the previous 50 days, it was 4,653,786.

Since last month, FHN stock rose 1.61%. Shares of the company fell to $24.16 on 10/24/22, the lowest level in the past month. A 52-week high of $24.64 was reached on 11/23/22 after having rallying from a 52-week low of $15.00. Since the beginning of this year, FHN’s stock price has risen by 51.07% or $8.34, and marked a new high 18 times. However, the stock has increased by 0.14% since its 52-week high.


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FHN stock investors should be aware that First Horizon Corporation (FHN) stock had its last reported insider trading activity 16 days ago on Nov 09. LoCascio Tammy, the SEVP, Chief Operating Officer of the company, disposed of 36,228 shares for $24.34 on Nov 09. It resulted in a $881,620 divestment by the insider. BYRD DARYL G sold 201,934 shares at an average price of $22.64 on Jun 09. The insider now owns 1,732,685 shares following the transaction. On Jun 08, Executive Chairman of Board BYRD DARYL G sold 99,458 shares at $22.71 apiece. The transaction was valued at $2,258,984.

Valuation Metrics

Right now, First Horizon Corporation (FHN) has a P/E ratio of about 16.60. The stock’s beta is 0.98. Besides these, the trailing price-to-sales (P/S) ratio of 5.60, the price-to-book (PB) ratio of 1.90, and the price-to-cash flow ratio of 6.27 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 0.23, and the total debt-to-equity ratio was 0.23. In the year ended September 29, operating margins totaled 93.10%. 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 11.30%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected First Horizon Corporation to report $0.43 quarterly earnings, the actual figure was $0.44 per share, beating the consensus estimate by 2.30%. The value of shareholders’ equity is $536.8 million.

Technical Picture

This quick technical analysis looks at First Horizon Corporation’s (FHN) price momentum. With a historical volatility rate of 5.39%, the RSI 9-day stood at 74.33% on 23 November.

With respect to its five-day moving average, the current First Horizon Corporation price is up by +1.52% percent or $0.37. At present, FHN shares trade +1.56% above its 20-day simple moving average and +11.03% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.93% above its SMA50 and +34.44% above its SMA200.

Stochastic coefficient K was 95.93% and Stochastic coefficient D was 83.57%, while ATR was 0.14. Given the Stochastic reading of 97.56% for the 14-day period, the RSI (14) reading has been calculated as 70.55%. As of today, the MACD Oscillator reading stands at 0.19, while the 14-day reading stands at 0.21.

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 6 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 $24.00 – $25.00. Based on these forecasts, analysts predict First Horizon Corporation (FHN) will achieve an average price target of $24.86.

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