The stock of First Horizon Corporation (FHN) has gone up by 5.20% for the week, with a 5.68% rise in the past month and a -3.13% drop in the past quarter. The volatility ratio for the week is 2.68%, and the volatility levels for the past 30 days are 2.32% for FHN.. The simple moving average for the past 20 days is 4.99% for FHN’s stock, with a 8.17% simple moving average for the past 200 days.
Is It Worth Investing in First Horizon Corporation (NYSE: FHN) Right Now?
The price-to-earnings ratio for First Horizon Corporation (NYSE: FHN) is above average at 13.54x, Company’s 36-month beta value is 0.90.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 10 as “hold,” and 0 as “sell.”
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The public float for FHN is 528.60M, and currently, short sellers hold a 1.13% ratio of that floaft. The average trading volume of FHN on October 14, 2024 was 5.87M shares.
FHN) stock’s latest price update
First Horizon Corporation (NYSE: FHN) has experienced a rise in its stock price by 3.80 compared to its previous closing price of 15.78. However, the company has seen a gain of 5.20% in its stock price over the last five trading days. zacks.com reported 2024-10-11 that Besides Wall Street’s top -and-bottom-line estimates for First Horizon (FHN), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
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 4.82% 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 -6.19% of loss for the given period.
Volatility was left at 2.32%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares surge +3.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.70% upper at present.
During the last 5 trading sessions, FHN rose by +5.20%, which changed the moving average for the period of 200-days by +16.17% in comparison to the 20-day moving average, which settled at $15.60. In addition, First Horizon Corporation saw 15.68% 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 2.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.21.
Conclusion
In a nutshell, First Horizon Corporation (FHN) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
