Raymond James has recently reduced First Horizon Corp (FHN) stock to Outperform rating, as announced on July 18, 2024, according to Finviz. Earlier, on July 17, 2024, Keefe Bruyette had reduced the stock from a Outperform to Mkt Perform, setting a price target of $18. Stephens also resumed Overweight rating with a price target of $19. Additionally, RBC Capital Mkts raised Outperform rating on April 9, 2024, with a target price of $18. Keefe Bruyette analysts, in their report published on April 5, 2024, also raised Outperform rating and set a price target of $16 for First Horizon Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Sponsored
First Horizon Corp (FHN) Stock Trading Recap
On Friday, First Horizon Corp (FHN) stock saw a decline, ending the day at $15.34 which represents a decrease of $-0.39 or -2.48% from the prior close of $15.73. The stock opened at $15.79 and touched a low of $15.3 during the day, reaching a high of $15.89. The volume of shares traded was 4.73 million falling short of the average volume of 6.21 million.
FHN Stock Performance and Moving Averages
In recent trading, First Horizon Corp (FHN) stock price has shown some volatility, fluctuating -6.86% over the last five trades and 4.85% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 2.33%, and it has gained 0.92% in the previous three months. Currently, FHN is trading at -3.17%, -3.69%, and 3.41% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, FHN, a Financial sector stock, is trading -12.14% below its 52-week high but remains 52.18% above its 52-week low. The Average True Range (ATR) (14 days) of 0.42 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
First Horizon Corp’s Profitability and Valuation Ratios
First Horizon Corp’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 17.06% and a profit margin of 13.35%, with a gross margin of 2.33%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, First Horizon Corp’s market capitalization stands at $8.22 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 12.68, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 9.72. Additionally, the Price-to-Sales Ratio is 1.63, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 1.33% of First Horizon Corp (FHN)’s shares, while financial institutions hold 83.51%.
