At the time of writing, First Horizon Corporation [FHN] stock is trading at $20.35, up 0.94%. 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 2.01% over the last week, with a monthly amount drifted -2.77%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Wedbush downgraded its rating to Neutral on September 24, 2024, and dropped its price target to $17. On July 18, 2024, downgrade downgraded it’s rating to Outperform but maintained its price target of $18 on the stock. Keefe Bruyette downgraded its rating to a Mkt Perform but stick to its price target of $18 on July 17, 2024. RBC Capital Mkts upgraded its rating to Outperform for this stock on April 09, 2024, and upped its price target to $18. In a note dated April 05, 2024, Keefe Bruyette upgraded an Outperform rating on this stock and boosted its target price from $16 to $18.
For the past year, the stock price of First Horizon Corporation fluctuated between $12.95 and $21.72. Currently, Wall Street analysts expect the stock to reach $19 within the next 12 months. First Horizon Corporation [NYSE: FHN] shares were valued at $20.35 at the most recent close of the market. An investor can expect a potential drop of -6.63% based on the average FHN price forecast.
Analyzing the FHN fundamentals
According to First Horizon Corporation [NYSE:FHN], the company’s sales were 5.10B for trailing twelve months, which represents an 5.13% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.21.
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 20.13 points at the first support level, and at 19.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.46, and for the 2nd resistance point, it is at 20.57.
Ratios To Look Out For
It is important to note that First Horizon Corporation [NYSE:FHN] has a current ratio of 0.26. Considering the valuation of this stock, the price to sales ratio is 2.13, the price to book ratio is 1.26 and price to earnings (TTM) ratio is 14.79.
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.
