First Horizon Corporation (NYSE:FHN) went up by 1.22% from its latest closing price compared to the recent 1-year high of $16.45. The company’s stock price has collected 6.21% of gains in the last five trading sessions. Press Release reported on 02/02/21 that First Horizon Corporation to Participate in Virtual KBW Winter Financial Services Symposium
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 10.53 x from its present earnings ratio. Plus, the 36-month beta value for FHN is at 1.54. Opinions of the stock are interesting as 11 analysts out of 14 who provided ratings for First Horizon Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”
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The average price from analysts is $17.46, which is $0.3 above the current price. FHN currently public float of 546.40M and currently shorts hold a 2.39% ratio of that float. Today, the average trading volume of FHN was 5.94M shares.
FHN’s Market Performance
FHN stocks went up by 6.21% for the week, with a monthly jump of 15.76% and a quarterly performance of 37.08%, while its annual performance rate touched 3.23%. The volatility ratio for the week stands at 3.10% while the volatility levels for the past 30 days are set at 3.18% for First Horizon Corporation. The simple moving average for the period of the last 20 days is 10.47% for FHN stocks with a simple moving average of 49.80% 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 17.46% 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 able to rebound, for now settling with 0.91% of gains for the given period.
Volatility was left at 3.18%, however, over the last 30 days, the volatility rate increased by 3.10%, as shares surge +14.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.91% upper at present.
During the last 5 trading sessions, FHN rose by +6.21%, which changed the moving average for the period of 200-days by +100.00% in comparison to the 20-day moving average, which settled at $15.13. In addition, First Horizon Corporation saw 30.09% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at FHN starting from Restel Anthony J, who sale 45,843 shares at the price of $16.11 back on Feb 16. After this action, Restel Anthony J now owns 415,170 shares of First Horizon Corporation, valued at $738,530 using the latest closing price.
JORDAN D BRYAN, the President and CEO of First Horizon Corporation, sale 97,149 shares at $15.62 during a trade that took place back on Feb 11, which means that JORDAN D BRYAN is holding 844,392 shares at $1,517,365 based on the most recent closing price.
Stock Fundamentals for FHN
Current profitability levels for the company are sitting at:
- +27.55 for the present operating margin
The net margin for First Horizon Corporation stands at +24.93. The total capital return value is set at 9.16, while invested capital returns managed to touch 12.81. Equity return is now at value 5.40, with 0.50 for asset returns.
Based on First Horizon Corporation (FHN), the company’s capital structure generated 66.13 points at debt to equity in total, while total debt to capital is 39.81. Total debt to assets is 6.49, with long-term debt to equity ratio resting at 26.23. Finally, the long-term debt to capital ratio is 15.05.
When we switch over and look at the enterprise to sales, we see a ratio of 2.79, with the company’s debt to enterprise value settled at 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.31.