A share price of First Horizon Corporation [FHN] is currently trading at $21.09, down -0.47%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FHN shares have gain 6.14% over the last week, with a monthly amount glided 21.98%, 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 September 24, 2024, when Wedbush downgraded its rating to a Neutral and also revised its price target to $17 from $20. Previously, Raymond James downgraded its rating to Outperform on July 18, 2024, and kept the price target unchanged to $18. On July 17, 2024, downgrade downgraded it’s rating to Mkt Perform but maintained its price target of $18 on the stock. RBC Capital Mkts upgraded its rating to a Outperform and raised its price target to $18 on April 09, 2024. Keefe Bruyette upgraded its rating to Outperform for this stock on April 05, 2024, and upped its price target to $18. In a note dated March 08, 2024, Barclays initiated an Overweight rating and provided a target price of $18 on this stock.
First Horizon Corporation experienced fluctuations in its stock price throughout the past year between $11.87 and $21.72. Currently, Wall Street analysts expect the stock to reach $19.1 within the next 12 months. First Horizon Corporation [NYSE: FHN] shares were valued at $21.09 at the most recent close of the market. An investor can expect a potential drop of -9.44% based on the average FHN price forecast.
Analyzing the FHN fundamentals
Trailing Twelve Months sales for First Horizon Corporation [NYSE:FHN] were 5.10B which represents 5.13% growth. Gross Profit Margin for this corporation currently stands at 0.95% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 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 0.21.
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 20.93 points at the first support level, and at 20.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.35, and for the 2nd resistance point, it is at 21.61.
Ratios To Look Out For
To put it in perspective, the Current Ratio for First Horizon Corporation [NYSE:FHN] is 0.26. Considering the valuation of this stock, the price to sales ratio is 2.18, the price to book ratio is 1.31 and price to earnings (TTM) ratio is 15.33.
Transactions by insiders
Recent insider trading involved Fleming Jeff L., EVP & Chief Accounting Officer, that happened on Nov 22 ’24 when 8025.0 shares were sold. Officer, Fleming Jeff L. completed a deal on Nov 22 ’24 to buy 8025.0 shares. Meanwhile, Director BARTON HARRY V JR sold 10000.0 shares on Nov 12 ’24.
