First Horizon Corporation (NYSE:FHN) went up by 1.32% from its latest closing price compared to the recent 1-year high of $24.24. The company’s stock price has collected -0.60% of loss in the last five trading sessions. Barron’s reported on 02/28/22 that TD Bank to Acquire First Horizon for Over $13 Billion
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 12.79 x from its present earnings ratio. Plus, the 36-month beta value for FHN is at 1.12. Opinions of the stock are interesting as 2 analysts out of 11 who provided ratings for First Horizon Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 9 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $24.90, which is $3.39 above the current price. FHN currently public float of 527.48M and currently shorts hold a 5.62% ratio of that float. Today, the average trading volume of FHN was 6.06M shares.
FHN’s Market Performance
FHN stocks went down by -0.60% for the week, with a monthly drop of -2.27% and a quarterly performance of -6.56%, while its annual performance rate touched 25.15%. The volatility ratio for the week stands at 3.53% while the volatility levels for the past 30 days are set at 2.10% for First Horizon Corporation. The simple moving average for the period of the last 20 days is -3.82% for FHN stocks with a simple moving average of 12.12% for the last 200 days.
Analysts’ Opinion of FHN
Many brokerage firms have already submitted their reports for FHN stocks, with Wedbush repeating the rating for FHN by listing it as a “Outperform.” The predicted price for FHN in the upcoming period, according to Wedbush is $22 based on the research report published on February 23rd of the current year 2022.
Raymond James, on the other hand, stated in their research note that they expect to see FHN reach a price target of $19, previously predicting the price at $20. The rating they have provided for FHN stocks is “Outperform” according to the report published on October 07th, 2021.
UBS gave a rating of “Neutral” to FHN, setting the target price at $17 in the report published on September 08th of the previous year.
FHN Trading at -4.35% 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 -11.30% of loss for the given period.
Volatility was left at 2.10%, however, over the last 30 days, the volatility rate increased by 3.53%, as shares sank -3.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.24% lower at present.
During the last 5 trading sessions, FHN fell by -0.60%, which changed the moving average for the period of 200-days by +34.80% in comparison to the 20-day moving average, which settled at $22.32. In addition, First Horizon Corporation saw 31.66% 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 BYRD DARYL G, who sale 201,934 shares at the price of $22.64 back on Jun 09. After this action, BYRD DARYL G now owns 1,732,685 shares of First Horizon Corporation, valued at $4,572,445 using the latest closing price.
BYRD DARYL G, the Executive Chairman of Board of First Horizon Corporation, sale 99,458 shares at $22.71 during a trade that took place back on Jun 08, which means that BYRD DARYL G is holding 1,732,685 shares at $2,258,984 based on the most recent closing price.
Stock Fundamentals for FHN
Current profitability levels for the company are sitting at:
- +42.46 for the present operating margin
The net margin for First Horizon Corporation stands at +30.85. Equity return is now at value 12.10, with 1.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.55.