First Horizon Corporation (NYSE: FHN) has a price-to-earnings ratio of 10.36x that is above its average ratio. Additionally, the 36-month beta value for FHN is 0.95. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 10 rating it as “hold,” and 0 rating it as “sell.”
The public float for FHN is 547.93M and currently, short sellers hold a 1.62% ratio of that float. The average trading volume of FHN on April 22, 2024 was 6.70M shares.
FHN) stock’s latest price update
First Horizon Corporation (NYSE: FHN)’s stock price has increased by 1.88 compared to its previous closing price of 14.63. However, the company has seen a 6.24% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-22 that Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
FHN’s Market Performance
First Horizon Corporation (FHN) has experienced a 6.24% rise in stock performance for the past week, with a -3.21% drop in the past month, and a 4.23% rise in the past quarter. The volatility ratio for the week is 3.27%, and the volatility levels for the past 30 days are at 2.59% for FHN. The simple moving average for the past 20 days is 1.47% for FHN’s stock, with a 14.22% simple moving average for the past 200 days.
Analysts’ Opinion of FHN
Many brokerage firms have already submitted their reports for FHN stocks, with RBC Capital Mkts repeating the rating for FHN by listing it as a “Outperform.” The predicted price for FHN in the upcoming period, according to RBC Capital Mkts is $18 based on the research report published on April 09, 2024 of the current year 2024.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see FHN reach a price target of $18, previously predicting the price at $16. The rating they have provided for FHN stocks is “Outperform” according to the report published on April 05th, 2024.
Barclays gave a rating of “Overweight” to FHN, setting the target price at $18 in the report published on March 08th of the current year.
FHN Trading at 2.68% 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 -21.51% of loss for the given period.
Volatility was left at 2.59%, however, over the last 30 days, the volatility rate increased by 3.27%, as shares sank -0.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.54% upper at present.
During the last 5 trading sessions, FHN rose by +5.70%, which changed the moving average for the period of 200-days by +27.08% in comparison to the 20-day moving average, which settled at $14.68. In addition, First Horizon Corporation saw 5.26% 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:
- 0.11 for the present operating margin
- 0.61 for the gross margin
The net margin for First Horizon Corporation stands at 0.14. The total capital return value is set at 0.01. Equity return is now at value 9.59, with 1.03 for asset returns.
Based on First Horizon Corporation (FHN), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.35. The debt to equity ratio resting at 0.44. The interest coverage ratio of the stock is 0.63.
Currently, EBITDA for the company is 1.39 billion with net debt to EBITDA at 9.93. When we switch over and look at the enterprise to sales, we see a ratio of 3.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.24.
Conclusion
In conclusion, First Horizon Corporation (FHN) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as 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.
