A share price of First Horizon Corporation [FHN] is currently trading at $14.94, up 0.95%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FHN shares have gain 1.29% over the last week, with a monthly amount glided 7.64%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
First Horizon Corporation [NYSE: FHN] stock has seen the most recent analyst activity on March 08, 2024, when Barclays initiated its Overweight rating and assigned the stock a price target of $18. Previously, UBS upgraded its rating to Buy on January 24, 2024, and elevated its price target to $16. On December 01, 2023, Citigroup initiated with a Buy rating and assigned a price target of $14 on the stock. Wedbush upgraded its rating to a Outperform and increased its price target to $14 on November 03, 2023. Wedbush initiated its recommendation with a Neutral and recommended $12 as its price target on October 05, 2023. Wells Fargo downgraded its rating to Equal Weight for this stock on October 04, 2023, but kept the price target unchanged to $11.50. In a note dated September 28, 2023, UBS initiated an Neutral rating and provided a target price of $12 on this stock.
First Horizon Corporation experienced fluctuations in its stock price throughout the past year between $8.99 and $18.99. 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
Trailing Twelve Months sales for First Horizon Corporation [NYSE:FHN] were 4.78B which represents 22.02% growth. 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 14.76 points at the first support level, and at 14.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.06, and for the 2nd resistance point, it is at 15.18.
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
To put it in perspective, the Current Ratio for First Horizon Corporation [NYSE:FHN] is 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 ’23 when 10000.0 shares were purchased. Director, PALMER VICKI R completed a deal on May 19 ’23 to buy 2000.0 shares. Meanwhile, Director FENSTERMAKER WILLIAM H bought 2950.0 shares on May 12 ’23.
