The price-to-earnings ratio for First Horizon Corporation (NYSE: FHN) is above average at 12.82x. The 36-month beta value for FHN is also noteworthy at 0.90. 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 528.64M, and at present, short sellers hold a 0.93% of that float. The average trading volume of FHN on September 30, 2024 was 6.07M shares.
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FHN) stock’s latest price update
First Horizon Corporation (NYSE: FHN) has seen a rise in its stock price by 0.78 in relation to its previous close of 15.39. However, the company has experienced a -2.88% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-25 that MEMPHIS, Tenn., Sept. 25, 2024 /PRNewswire/ — First Horizon Corp. (NYSE: FHN or “First Horizon”) announced that it has been recognized on the list of Time Magazine’s World’s Best Companies.
FHN’s Market Performance
First Horizon Corporation (FHN) has experienced a -2.88% fall in stock performance for the past week, with a -5.54% drop in the past month, and a -1.65% drop in the past quarter. The volatility ratio for the week is 1.83%, and the volatility levels for the past 30 days are at 2.36% for FHN. The simple moving average for the last 20 days is -1.60% for FHN stock, with a simple moving average of 3.08% 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 “Neutral.” The predicted price for FHN in the upcoming period, according to Wedbush is $17 based on the research report published on September 24, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see FHN reach a price target of $18. The rating they have provided for FHN stocks is “Outperform” according to the report published on July 18th, 2024.
Keefe Bruyette gave a rating of “Mkt Perform” to FHN, setting the target price at $18 in the report published on July 17th of the current year.
FHN Trading at -2.17% 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 -11.17% of loss for the given period.
Volatility was left at 2.36%, however, over the last 30 days, the volatility rate increased by 1.83%, as shares sank -5.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.26% lower at present.
During the last 5 trading sessions, FHN fell by -2.88%, which changed the moving average for the period of 200-days by +14.72% in comparison to the 20-day moving average, which settled at $15.71. In addition, First Horizon Corporation saw 9.53% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for FHN
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.83 for the gross margin
The net margin for First Horizon Corporation stands at 0.16. The total capital return value is set at 0.01. Equity return is now at value 8.22, with 0.85 for asset returns.
Based on First Horizon Corporation (FHN), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 0.66. The interest coverage ratio of the stock is 0.53.
Currently, EBITDA for the company is 1.39 billion with net debt to EBITDA at 27.02. When we switch over and look at the enterprise to sales, we see a ratio of 2.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.21.
Conclusion
In summary, First Horizon Corporation (FHN) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
