First Horizon Corporation [FHN] stock prices are up 2.45% to $14.63 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FHN shares have gain 3.03% over the last week, with a monthly amount drifted -3.88%, and not 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 April 09, 2024, when RBC Capital Mkts upgraded its rating to a Outperform and also boosted its price target to $18 from $16. Previously, Keefe Bruyette upgraded its rating to Outperform on April 05, 2024, and elevated its price target to $18. On March 08, 2024, Barclays initiated with a Overweight rating and assigned a price target of $18 on the stock. UBS upgraded its rating to a Buy and increased its price target to $16 on January 24, 2024. Citigroup initiated its recommendation with a Buy and recommended $14 as its price target on December 01, 2023. Wedbush upgraded its rating to Outperform for this stock on November 03, 2023, and upped its price target to $14. In a note dated October 05, 2023, Wedbush initiated an Neutral rating and provided a target price of $12 on this stock.
The stock price of First Horizon Corporation [FHN] has been fluctuating between $8.99 and $18.99 over the past year. Currently, Wall Street analysts expect the stock to reach $18.5 within the next 12 months. First Horizon Corporation [NYSE: FHN] shares were valued at $14.63 at the most recent close of the market. An investor can expect a potential return of 26.45% based on the average FHN price forecast.
Analyzing the FHN fundamentals
The First Horizon Corporation [NYSE:FHN] reported sales of 4.96B for trailing twelve months, representing a surge of 16.65%. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.07 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.44.
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 14.35 points at the first support level, and at 14.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.78, and for the 2nd resistance point, it is at 14.92.
Ratios To Look Out For
It’s worth pointing out that First Horizon Corporation [NYSE:FHN]’s Current Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 1.64, the price to book ratio is 0.96 and price to earnings (TTM) ratio is 10.17.
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.
