The price of First Horizon Corporation (NYSE:FHN) shares last traded on Wall Street fell -2.49% to $19.60.
FHN stock price is now 19.72% away from the 50-day moving average and 26.76% away from the 200-day moving average. The market capitalization of the company currently stands at $10.50B.
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With the price target reduced from $20 to $17, Wedbush Downgraded its rating from Outperform to Neutral for First Horizon Corporation (NYSE: FHN). On July 18, 2024, Raymond James Downgraded its previous ‘Strong Buy’ rating to ‘Outperform’ on the stock keeping its target price maintained at $18, while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’
In other news, POPWELL DAVID T, Officer bought 100,974 shares of the company’s stock on Nov 07 ’24. The stock was bought for $1,996,017 at an average price of $19.77. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01 ’24, Former Officer Springfield Susan L bought 21,818 shares of the business’s stock. A total of $375,943 was incurred on buying the stock at an average price of $17.23. A total of 1.37% of the company’s stock is owned by insiders.
During the past 12 months, First Horizon Corporation has had a low of $10.96 and a high of $20.11. According to the stock market information, the enterprise value for the company is $10064199680, which is based on a 14.25 price-to-earnings ratio, a 1.90 price-to-earnings-growth ratio, and a beta of 0.91. The fifty day moving average price for FHN is $16.3082 and a two-hundred day moving average price translates $15.4396 for the stock.
The latest earnings results from First Horizon Corporation (NYSE: FHN) was released for 2024-09-30. The net profit margin was 14.81% and return on equity was 9.05% for FHN. The company reported revenue of $1.12 billion for the quarter, compared to $1.08 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.61 percent.
