In yesterday’s Wall Street session, First Horizon Corporation (NYSE:FHN) shares traded at $19.94, up 3.48% from the previous session.
FHN stock price is now 4.00% away from the 50-day moving average and 21.70% away from the 200-day moving average. The market capitalization of the company currently stands at $10.94B.
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On September 24, 2024, Wedbush Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $20 to quote $17, while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, Fleming Jeff L., EVP & Chief Accounting Officer sold 8,025 shares of the company’s stock on Nov 22 ’24. The stock was sold for $165,716 at an average price of $20.65. Upon completion of the transaction, the EVP & Chief Accounting Officer now directly owns 124,699 shares in the company, valued at $2.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22 ’24, Officer Fleming Jeff L. bought 8,025 shares of the business’s stock. A total of $165,717 was incurred on buying the stock at an average price of $20.65. A total of 1.27% of the company’s stock is owned by insiders.
During the past 12 months, First Horizon Corporation has had a low of $12.95 and a high of $21.72. According to the stock market information, the enterprise value for the company is $10291956736, which is based on a 14.49 price-to-earnings ratio, a 1.93 price-to-earnings-growth ratio, and a beta of 0.95. The fifty day moving average price for FHN is $19.1726 and a two-hundred day moving average price translates $16.38455 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.
