In yesterday’s Wall Street session, First Horizon Corporation (NYSE:FHN) shares traded at $15.70, down -1.88% from the previous session.
FHN stock price is now 3.87% away from the 50-day moving average and 17.59% away from the 200-day moving average. The market capitalization of the company currently stands at $8.59B.
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On April 09, 2024, RBC Capital Mkts Upgraded its previous ‘Sector Perform’ rating to ‘Outperform’ on the stock increasing its target price from $16 to quote $18, while ‘Keefe Bruyette’ rates the stock as ‘Outperform’
In other news, FENSTERMAKER WILLIAM H, Director bought 10,000 shares of the company’s stock on Jun 07 ’23. The stock was bought for $116,196 at an average price of $11.62. Upon completion of the transaction, the Director now directly owns 256,312 shares in the company, valued at $4.02 million. A total of 1.36% of the company’s stock is owned by insiders.
During the past 12 months, First Horizon Corporation has had a low of $10.08 and a high of $16.28. According to the stock market information, the enterprise value for the company is $8822822912, which is based on a 10.91 price-to-earnings ratio, a 4.55 price-to-earnings-growth ratio, and a beta of 0.93. The fifty day moving average price for FHN is $15.1314 and a two-hundred day moving average price translates $13.3608 for the stock.
The latest earnings results from First Horizon Corporation (NYSE: FHN) was released for 2024-03-31. The net profit margin was 16.29% and return on equity was 9.59% for FHN. The company reported revenue of $1.07 billion for the quarter, compared to $920.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.63 percent.
