In yesterday’s Wall Street session, First Horizon Corporation (NYSE:FHN) shares traded at $14.71, up 0.07% from the previous session.
FHN stock price is now -6.08% away from the 50-day moving average and 2.62% away from the 200-day moving average. The market capitalization of the company currently stands at $7.88B.
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With the price target maintained at $18, Raymond James recently Downgraded its rating from Strong Buy to Outperform for First Horizon Corporation (NYSE: FHN). On July 17, 2024, Keefe Bruyette Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock keeping its target price maintained at $18, while ‘Stephens’ rates the stock as ‘Overweight’
A total of 1.34% 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 $17.46. According to the stock market information, the enterprise value for the company is $10304987136, which is based on a 12.16 price-to-earnings ratio, a 3.58 price-to-earnings-growth ratio, and a beta of 0.93. The fifty day moving average price for FHN is $15.642 and a two-hundred day moving average price translates $14.3521 for the stock.
The latest earnings results from First Horizon Corporation (NYSE: FHN) was released for 2024-06-30. The net profit margin was 13.35% and return on equity was 8.22% for FHN. The company reported revenue of $1.09 billion for the quarter, compared to $1.01 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.68 percent. For the current quarter, analysts expect FHN to generate $820.95M in revenue.
