At the time of writing, First Horizon Corporation [FHN] stock is trading at $14.94, up 4.26%. An important factor to consider is whether the stock is rising or falling in short-term value. The FHN shares have gain 5.73% over the last week, with a monthly amount glided 7.25%, and seem to be holding up well over a long-time horizon.
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On 27, February 2024, First Horizon Names Ashley Argo Deputy Chief Risk Officer. In a post published today on Yahoo Finance, First Horizon Corporation, (NYSE: FHN or “First Horizon”) has promoted Ashley Argo to Deputy Chief Risk Officer. Argo has held multiple roles in her 19-year tenure with First Horizon Bank in various departments including Accounting, Credit and Risk Management.
From an analyst’s perspective:
First Horizon Corporation [NYSE: FHN] stock has seen the most recent analyst activity on January 24, 2024, when UBS upgraded its rating to a Buy and also boosted its price target to $16 from $15.50. Previously, Citigroup started tracking the stock with Buy rating on December 01, 2023, and set its price target to $14. On November 03, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $14 on the stock. Wedbush started tracking the stock assigning a Neutral rating and suggested a price target of $12 on October 05, 2023. Wells Fargo downgraded its rating to a Equal Weight but $11.50 remained the price target by the analyst firm on October 04, 2023. UBS started tracking with a Neutral rating for this stock on September 28, 2023, and assigned it a price target of $12. In a note dated July 18, 2023, Robert W. Baird initiated an Neutral rating and provided a target price of $14 on this stock.
For the past year, the stock price of First Horizon Corporation fluctuated between $8.99 and $21.62. Currently, Wall Street analysts expect the stock to reach $20.33 within the next 12 months. First Horizon Corporation [NYSE: FHN] shares were valued at $14.94 at the most recent close of the market. An investor can expect a potential return of 36.08% based on the average FHN price forecast.
Analyzing the FHN fundamentals
According to First Horizon Corporation [NYSE:FHN], the company’s sales were 4.78B for trailing twelve months, which represents an 22.02% jump. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.07 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.41.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.49 points at the first support level, and at 14.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.19, and for the 2nd resistance point, it is at 15.43.
First Horizon Corporation [FHN] reported earnings per share of $0.32 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.3/share, meaning a difference of $0.02 and a surprise factor of 6.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.27 per share as compared to estimates of $0.24 per share, a difference of $0.03 representing a surprise of 12.50%.
Ratios To Look Out For
It is important to note that First Horizon Corporation [NYSE:FHN] has a current ratio of 0.23. Considering the valuation of this stock, the price to sales ratio is 1.75, the price to book ratio is 0.99 and price to earnings (TTM) ratio is 9.74.
Transactions by insiders
Recent insider trading involved FENSTERMAKER WILLIAM H, Director, that happened on Jun 07 when 10000.0 shares were purchased. Director, PALMER VICKI R completed a deal on May 19 to buy 2000.0 shares. Meanwhile, Director FENSTERMAKER WILLIAM H bought 2950.0 shares on May 12.
