While First Horizon Corporation has overperformed by 0.30%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FHN rose by 47.98%, with highs and lows ranging from $21.72 to $12.95, whereas the simple moving average jumped by 24.79% in the last 200 days.
On September 24, 2024, Wedbush Downgraded First Horizon Corporation (NYSE: FHN) to Neutral. A report published by Raymond James on July 18, 2024, Downgraded its rating to ‘Outperform’ for FHN. Keefe Bruyette also Downgraded FHN shares as ‘Mkt Perform’, setting a target price of $18 on the company’s shares in a report dated July 17, 2024. Stephens Initiated an Overweight rating on May 23, 2024, and assigned a price target of $19. RBC Capital Mkts April 09, 2024d its ‘Sector Perform’ rating to ‘Outperform’ for FHN, as published in its report on April 09, 2024. Keefe Bruyette’s report from April 05, 2024 suggests a price prediction of $18 for FHN shares, giving the stock a ‘Outperform’ rating. Barclays also rated the stock as ‘Overweight’.
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Analysis of First Horizon Corporation (FHN)
FHN currently pays a dividend of $0.60 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 5.13%, showing a positive trend in the upcoming months.
In order to gain a clear picture of First Horizon Corporation’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 9.05% is sufficient for you to turn a profit off your investment.
An average volume of 6.65M can be a very valuable indicator of volatility for FHN stock. On a monthly basis, the volatility of the stock is set at 2.06%, whereas on a weekly basis, it is put at 2.17%, with a loss of -2.18% over the past seven days. Furthermore, long-term investors anticipate a median target price of $21.00, showing growth from the present price of $20.17, which can serve as yet another indication of whether FHN is worth investing in or should be passed over.
How Do You Analyze First Horizon Corporation Shares?
The USA based company First Horizon Corporation (FHN) is one of the biggest names in Banks – Regional. When comparing First Horizon Corporation shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 14.66, there is a growth in quarterly earnings of 72.28%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.26%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 81.49% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
FHN shares are owned by institutional investors to the tune of 81.49% at present.
