First Horizon Corporation (NYSE: FHN) has a price-to-earnings ratio that is above its average at 12.68x. The stock has a 36-month beta value of 0.90. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 2 as “overweight,” 10 as “hold,” and 0 as “sell.”
The public float for FHN is 528.60M, and at present, short sellers hold a 1.13% of that float. On October 21, 2024, the average trading volume of FHN was 5.85M shares.
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FHN) stock’s latest price update
First Horizon Corporation (NYSE: FHN)’s stock price has gone rise by 0.06 in comparison to its previous close of 17.44, however, the company has experienced a 6.53% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-10-19 that First Horizon shares gained 66% over the past year, driven by strong recovery post-2023 banking crisis and solid financial performance. Q3 earnings beat expectations at$0.42 per share, driven by a 6% revenue increase and strong non-interest income growth. Despite margin compression, deposit repricing is expected to stabilize NIM by Q1 2025, supporting future earnings growth.
FHN’s Market Performance
FHN’s stock has risen by 6.53% in the past week, with a monthly rise of 7.98% and a quarterly rise of 6.01%. The volatility ratio for the week is 2.76% while the volatility levels for the last 30 days are 2.46% for First Horizon Corporation. The simple moving average for the past 20 days is 9.75% for FHN’s stock, with a 14.70% simple moving average for the past 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 10.10% 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 -1.33% of loss for the given period.
Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 2.76%, as shares surge +9.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.72% upper at present.
During the last 5 trading sessions, FHN rose by +6.53%, which changed the moving average for the period of 200-days by +23.85% in comparison to the 20-day moving average, which settled at $15.90. In addition, First Horizon Corporation saw 23.23% 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 9.05, with 0.96 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 2.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.25.
Conclusion
To sum up, First Horizon Corporation (FHN) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
