At the time of writing, First Horizon Corporation [FHN] stock is trading at $16.36, down -1.09%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FHN shares have lost -0.49% over the last week, with a monthly amount glided 8.99%, 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 July 18, 2024, when Raymond James downgraded its rating to a Outperform but kept the price target unchanged to $18 for it. Previously, Keefe Bruyette downgraded its rating to Mkt Perform on July 17, 2024, and kept the price target unchanged to $18. RBC Capital Mkts upgraded its rating to a Outperform and increased its price target to $18 on April 09, 2024. Keefe Bruyette upgraded its rating to a Outperform and raised its price target to $18 on April 05, 2024. Barclays started tracking with a Overweight rating for this stock on March 08, 2024, and assigned it a price target of $18. In a note dated January 24, 2024, UBS upgraded an Buy rating on this stock and boosted its target price from $15.50 to $16.
For the past year, the stock price of First Horizon Corporation fluctuated between $10.08 and $17.46. Currently, Wall Street analysts expect the stock to reach $18.61 within the next 12 months. First Horizon Corporation [NYSE: FHN] shares were valued at $16.36 at the most recent close of the market. An investor can expect a potential return of 13.75% based on the average FHN price forecast.
Analyzing the FHN fundamentals
According to First Horizon Corporation [NYSE:FHN], the company’s sales were 5.05B for trailing twelve months, which represents an 8.02% jump. Gross Profit Margin for this corporation currently stands at 0.83% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.08 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 0.66.
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 16.23 points at the first support level, and at 16.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.60, and for the 2nd resistance point, it is at 16.85.
Ratios To Look Out For
It is important to note that First Horizon Corporation [NYSE:FHN] has a current ratio of 0.20. Considering the valuation of this stock, the price to sales ratio is 1.77, the price to book ratio is 1.07 and price to earnings (TTM) ratio is 13.52.
