First Horizon Corporation (NYSE: FHN) has a higher price-to-earnings ratio of 10.04x compared to its average ratio, The 36-month beta value for FHN is at 0.96. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 5 rating it as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for FHN is 546.05M, and currently, shorts hold a 2.13% of that float. The average trading volume for FHN on April 01, 2024 was 7.55M shares.
FHN) stock’s latest price update
The stock of First Horizon Corporation (NYSE: FHN) has increased by 0.52 when compared to last closing price of 15.32. PRNewsWire reported 2024-03-27 that MEMPHIS, Tenn., March 27, 2024 /PRNewswire/ — First Horizon Corporation (NYSE:FHN) plans to announce first quarter financial results on April 17, 2024.
FHN’s Market Performance
First Horizon Corporation (FHN) has seen a 0.00% fall in stock performance for the week, with a 9.61% gain in the past month and a 8.91% surge in the past quarter. The volatility ratio for the week is 2.60%, and the volatility levels for the past 30 days are at 2.50% for FHN. The simple moving average for the last 20 days is 3.95% for FHN stock, with a simple moving average of 20.32% for the last 200 days.
Analysts’ Opinion of FHN
Many brokerage firms have already submitted their reports for FHN stocks, with Barclays repeating the rating for FHN by listing it as a “Overweight.” The predicted price for FHN in the upcoming period, according to Barclays is $18 based on the research report published on March 08, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see FHN reach a price target of $16, previously predicting the price at $15.50. The rating they have provided for FHN stocks is “Buy” according to the report published on January 24th, 2024.
Citigroup gave a rating of “Buy” to FHN, setting the target price at $14 in the report published on December 01st of the previous year.
FHN Trading at 7.05% 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 -18.90% of loss for the given period.
Volatility was left at 2.50%, however, over the last 30 days, the volatility rate increased by 2.60%, as shares surge +9.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.23% upper at present.
During the last 5 trading sessions, FHN remain unchanged, which changed the moving average for the period of 200-days by +30.40% in comparison to the 20-day moving average, which settled at $14.88. In addition, First Horizon Corporation saw 8.76% 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 FENSTERMAKER WILLIAM H, who purchase 10,000 shares at the price of $11.62 back on Jun 07 ’23. After this action, FENSTERMAKER WILLIAM H now owns 256,312 shares of First Horizon Corporation, valued at $116,196 using the latest closing price.
PALMER VICKI R, the Director of First Horizon Corporation, purchase 2,000 shares at $11.02 during a trade that took place back on May 19 ’23, which means that PALMER VICKI R is holding 95,650 shares at $22,041 based on the most recent closing price.
Stock Fundamentals for FHN
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.79 for the gross margin
The net margin for First Horizon Corporation stands at 0.18. The total capital return value is set at 0.02. Equity return is now at value 10.40, with 1.12 for asset returns.
Based on First Horizon Corporation (FHN), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is 1.11.
Currently, EBITDA for the company is 1.39 billion with net debt to EBITDA at 1.65. When we switch over and look at the enterprise to sales, we see a ratio of 2.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.23.
Conclusion
In conclusion, First Horizon Corporation (FHN) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
