Stocks of First Horizon Corporation (NYSE:FHN) traded higher last session on Wall Street, up 0.99% to $20.36.
FHN stock price is now 20.84% away from the 50-day moving average and 30.29% away from the 200-day moving average. The market capitalization of the company currently stands at $10.90B.
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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, 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 $3.4 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 1.35% of the company’s stock is owned by insiders.
During the past 12 months, First Horizon Corporation has had a low of $11.87 and a high of $20.53. According to the stock market information, the enterprise value for the company is $10514614272, which is based on a 14.80 price-to-earnings ratio, a 1.97 price-to-earnings-growth ratio, and a beta of 0.91. The fifty day moving average price for FHN is $16.8482 and a two-hundred day moving average price translates $15.62705 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.
