First Horizon Corporation (NYSE:FHN) shares traded 1.26% higher at $20.13 on Wall Street last session.
FHN stock price is now 20.83% away from the 50-day moving average and 29.33% away from the 200-day moving average. The market capitalization of the company currently stands at $10.67B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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, BARTON HARRY V JR, Director sold 10,000 shares of the company’s stock on Nov 12 ’24. The stock was sold for $199,202 at an average price of $19.92. Upon completion of the transaction, the Director now directly owns 166,840 shares in the company, valued at $3.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 12 ’24, Director BARTON HARRY V JR bought 10,000 shares of the business’s stock. A total of $199,206 was incurred on buying the stock at an average price of $19.92. 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 $11.12 and a high of $20.53. According to the stock market information, the enterprise value for the company is $10392682496, which is based on a 14.63 price-to-earnings ratio, a 1.95 price-to-earnings-growth ratio, and a beta of 0.91. The fifty day moving average price for FHN is $16.6592 and a two-hundred day moving average price translates $15.56515 for the stock.
The latest earnings results from First Horizon Corporation (NYSE: FHN) was released for 2024-09-30. The net profit margin was 14.83% 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.
