First Horizon Corporation (NYSE: FHN) has a higher price-to-earnings ratio of 12.42x compared to its average ratio. FHN has 36-month beta value of 0.90. Analysts have mixed views on the stock, 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 currently, short sellers hold a 1.23% ratio of that float. The average trading volume of FHN on October 28, 2024 was 5.78M shares.
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FHN) stock’s latest price update
First Horizon Corporation (NYSE: FHN)’s stock price has gone decline by -2.23 in comparison to its previous close of 17.48, however, the company has experienced a -2.06% decrease in its stock price over the last five trading days. prnewswire.com reported 2024-10-22 that MEMPHIS, Tenn., Oct. 22, 2024 /PRNewswire/ — First Horizon Corporation (NYSE: FHN or “First Horizon”) is pleased to announce the appointment of Lang Wiseman as Deputy General Counsel, effective November 1, 2024.
FHN’s Market Performance
First Horizon Corporation (FHN) has experienced a -2.06% fall in stock performance for the past week, with a 11.05% rise in the past month, and a 1.54% rise in the past quarter. The volatility ratio for the week is 2.49%, and the volatility levels for the past 30 days are at 2.60% for FHN. The simple moving average for the past 20 days is 4.48% for FHN’s stock, with a 11.79% 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 6.44% 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 -3.36% of loss for the given period.
Volatility was left at 2.60%, however, over the last 30 days, the volatility rate increased by 2.49%, as shares surge +10.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.76% upper at present.
During the last 5 trading sessions, FHN fell by -2.06%, which changed the moving average for the period of 200-days by +20.18% in comparison to the 20-day moving average, which settled at $16.36. In addition, First Horizon Corporation saw 20.69% 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:
- 0.17 for the present operating margin
- 0.85 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 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.42. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is 0.88.
Currently, EBITDA for the company is 1.39 billion with net debt to EBITDA at 17.78. 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 0.25.
Conclusion
To put it simply, First Horizon Corporation (FHN) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
