Wedbush raised the price target for the First Horizon Corporation (NYSE:FHN) stock to “an Outperform”. The rating was released on February 23, 2022, according to finviz. We previously noted in another research note published on October 07, 2021 by Raymond James that downgraded the stock from a Strong buy to an Outperform with a price target of $19 for FHN stock. The research report from UBS has downgraded the stock from Buy to Neutral, with a price target set at $17. The stock was upgraded by Hovde Group, who disclosed in a research note on June 23, 2021, from Market Perform to Outperform and set the price objective to $20. In their research brief published October 08, 2020, Jefferies analysts upgraded the First Horizon Corporation stock from Hold to Buy with a price target of $12.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of First Horizon Corporation (NYSE:FHN) raised 0.45% to close Monday’s market session at $24.57, higher as compared to yesterday’s close. The stock price fluctuated between $24.44 and $24.59 throughout the trading session with the volume trading being 4869926 shares, which represented a significant variation when compared to the three months average volume of 4.08 million shares. The firm’s stock price fluctuated 1.15% within the last five trades and 1.57% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 9.20% in the last 6 months and 7.72% was added to its value over the previous 3 months. FHN stock is trading at a margin of 0.93%, 3.34% and 8.77% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, FHN deals in the Financial domain. The stock is trading 0.08 percent below its 52-week high and 63.80 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 34.8. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does First Horizon Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 93.10 percent and the profit margin is 35.20 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $13.14 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for First Horizon Corporation (NYSE:FHN) is 16.53. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 12.28. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 5.57 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.89, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.70 percent of First Horizon Corporation shares are owned by insiders, and 80.10 percent are held by financial institutions. LoCascio Tammy, the SEVP, Chief Operating Officer at First Horizon Corporation (FHN) has sold 36,228 shares of firm on Nov 09 at a price of $24.34 against the total amount of $0.88 million. In another inside trade, BYRD DARYL G, Executive Chairman of Board of First Horizon Corporation (NYSE:FHN) sold 201,934 shares of the firm on Jun 09 for a total worth of $4.57 million at a price of $22.64. An inside trade which took place on Jun 08, Executive Chairman of Board of First Horizon Corporation BYRD DARYL G sold 99,458 shares of firm against total price of $2.26 million at the cost of $22.71 per share.