Currently, there are 558.84M common shares owned by the public and among those 545.99M shares have been available to trade.
The company’s stock has a 5-day price change of -7.39% and 2.63% over the past three months. FHN shares are trading -0.92% year to date (YTD), with the 12-month market performance down to -23.83% lower. It has a 12-month low price of $8.99 and touched a high of $18.99 over the same period. FHN has an average intraday trading volume of 7.02 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.78%, -3.09%, and 8.10% respectively.
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Institutional ownership of First Horizon Corporation (NYSE: FHN) shares accounts for 81.08% of the company’s 558.84M shares outstanding.
It has a market capitalization of $7.79B and a beta (3y monthly) value of 0.96. The stock’s trailing 12-month PE ratio is 9.15, while the earnings-per-share (ttm) stands at $1.53. The company has a PEG of 3.81 and the debt-to-equity ratio at 0.45. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.11% over the week and 2.52% over the month.
Analysts forecast that First Horizon Corporation (FHN) will achieve an EPS of $Cedar Fair, L.P. for the current quarter, $38.89 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $FTI Consulting, Inc. while analysts give the company a high EPS estimate of $First Hawaiian, Inc.. Comparatively, EPS for the current quarter was $Fabrinet a year ago. Earnings per share for the fiscal year are expected to decrease by -5.19%, and 10.23% over the next financial year. EPS should grow at an annualized rate of 2.40% over the next five years, compared to -1.32% over the past 5-year period.
Looking at the support for the FHN, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Outperform rating for the stock in a research note on April 09, 2024, with the firm’s price target at $16-$18. Keefe Bruyette coverage for the First Horizon Corporation (FHN) stock in a research note released on April 05, 2024 offered a Outperform rating with a price target of $18. Barclays was of a view on March 08, 2024 that the stock is Overweight, while UBS gave the stock Buy rating on January 24, 2024, issuing a price target of $15.50- $16. Citigroup on their part issued Buy rating on December 01, 2023.
