At the time of writing, First Horizon Corporation [FHN] stock is trading at $15.84, up 1.08%. An important factor to consider is whether the stock is rising or falling in short-term value. The FHN shares have gain 5.18% over the last week, with a monthly amount glided 5.39%, 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 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.
For the past year, the stock price of First Horizon Corporation fluctuated between $9.48 and $16.01. 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 $15.84 at the most recent close of the market. An investor can expect a potential return of 16.79% based on the average FHN price forecast.
Analyzing the FHN fundamentals
According to First Horizon Corporation [NYSE:FHN], the company’s sales were 4.95B for trailing twelve months, which represents an 15.82% jump. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.18%, 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.44.
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 15.64 points at the first support level, and at 15.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.95, and for the 2nd resistance point, it is at 16.05.
First Horizon Corporation [FHN] reported earnings per share of $0.35 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.34/share, meaning a difference of $0.01 and a surprise factor of 2.90%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.32 per share as compared to estimates of $0.3 per share, a difference of $0.02 representing a surprise of 6.70%.
Ratios To Look Out For
It is important to note that First Horizon Corporation [NYSE:FHN] has a current ratio of 0.25. Considering the valuation of this stock, the price to sales ratio is 1.75, the price to book ratio is 1.04 and price to earnings (TTM) ratio is 11.01.
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.
