First Horizon Corporation (NYSE:FHN) went up by 0.88% from its latest closing price compared to the recent 1-year high of $17.40. The company’s stock price has collected 16.36% of gains in the last five trading sessions. Press Release reported on 12/28/20 that First Horizon Announces Results of its 2020 Company-Run Stress Test
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Is It Worth Investing in First Horizon Corporation (NYSE :FHN) Right Now?
First Horizon Corporation (NYSE:FHN) scored a price-to-earnings ratio above its average ratio, recording 9.78 x from its present earnings ratio. Plus, the 36-month beta value for FHN is at 1.55. Opinions of the stock are interesting as 11 analysts out of 15 who provided ratings for First Horizon Corporation declared the stock was a “buy,” while 1 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $16.10, which is $0.09 above the current price. FHN currently public float of 546.68M and currently shorts hold a 2.32% ratio of that float. Today, the average trading volume of FHN was 5.39M shares.
FHN’s Market Performance
FHN stocks went up by 16.36% for the week, with a monthly jump of 13.61% and a quarterly performance of 39.37%, while its annual performance rate touched -7.61%. The volatility ratio for the week stands at 4.56% while the volatility levels for the past 30 days are set at 2.91% for First Horizon Corporation. The simple moving average for the period of the last 20 days is 14.83% for FHN stocks with a simple moving average of 47.36% for the last 200 days.
Analysts’ Opinion of FHN
Many brokerage firms have already submitted their reports for FHN stocks, with Jefferies repeating the rating for FHN by listing it as a “Buy.” The predicted price for FHN in the upcoming period, according to Jefferies is $12 based on the research report published on October 08th of the previous year 2020.
Raymond James, on the other hand, stated in their research note that they expect to see FHN reach a price target of $12. The rating they have provided for FHN stocks is “Strong Buy” according to the report published on September 22nd, 2020.
Goldman gave a rating of “Buy” to FHN, setting the target price at $12 in the report published on August 20th of the previous year.
FHN Trading at 20.72% from the 50-Day Moving Average
After a stumble in the market that brought FHN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.14% of loss for the given period.
Volatility was left at 2.91%, however, over the last 30 days, the volatility rate increased by 4.56%, as shares surge +15.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +49.40% upper at present.
During the last 5 trading sessions, FHN rose by +16.36%, which changed the moving average for the period of 200-days by +68.62% in comparison to the 20-day moving average, which settled at $13.11. In addition, First Horizon Corporation saw 17.08% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FHN starting from BYRD DARYL G, who sale 100 shares at the price of $15.03 back on Jan 08. After this action, BYRD DARYL G now owns 1,439,716 shares of First Horizon Corporation, valued at $1,503 using the latest closing price.
BYRD DARYL G, the Executive Chairman of Board of First Horizon Corporation, sale 90,883 shares at $15.03 during a trade that took place back on Jan 07, which means that BYRD DARYL G is holding 1,439,716 shares at $1,365,871 based on the most recent closing price.
Stock Fundamentals for FHN
Current profitability levels for the company are sitting at:
- +30.19 for the present operating margin
The net margin for First Horizon Corporation stands at +19.37. The total capital return value is set at 8.23, while invested capital returns managed to touch 8.35. Equity return is now at value 13.20, with 1.30 for asset returns.
Based on First Horizon Corporation (FHN), the company’s capital structure generated 94.87 points at debt to equity in total, while total debt to capital is 48.68. Total debt to assets is 10.47, with long-term debt to equity ratio resting at 11.09. Finally, the long-term debt to capital ratio is 5.58.
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When we switch over and look at the enterprise to sales, we see a ratio of 3.97, with the company’s debt to enterprise value settled at 0.50. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.20.
