First Horizon Corporation (FHN) concluded trading on Wednesday at a closing price of $15.97, with 4.22 million shares of worth about $67.46 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.89% during that period and on September 04, 2024 the price saw a loss of about -2.20%. Currently the company’s common shares owned by public are about 558.84M shares, out of which, 528.78M shares are available for trading.
Stock saw a price change of -1.60% in past 5 days and over the past one month there was a price change of 8.64%. Year-to-date (YTD), FHN shares are showing a performance of 12.78% which increased to 25.25% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.08 but also hit the highest price of $17.46 during that period. The average intraday trading volume for First Horizon Corporation shares is 6.23 million. The stock is currently trading 1.56% above its 20-day simple moving average (SMA20), while that difference is up 0.49% for SMA50 and it goes to 7.92% higher than SMA200.
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First Horizon Corporation (NYSE: FHN) currently have 558.84M outstanding shares and institutions hold larger chunk of about 83.53% of that.
The stock has a current market capitalization of $8.56B and its 3Y-monthly beta is at 0.90. PE ratio of stock for trailing 12 months is 13.20, while it has posted earnings per share of $1.21 in the same period. Its PEG reads 3.88 while making debt-to-equity ratio of 0.66. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FHN, volatility over the week remained 2.24% while standing at 2.19% over the month.
Stock’s fiscal year EPS is expected to drop by -7.73% while it is estimated to increase by 11.11% in next year. EPS is likely to grow at an annualized rate of 3.40% for next 5-years, compared to annual growth of -1.32% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Raymond James on July 18, 2024 offering an Outperform rating for the stock and assigned a target price of $18 to it. Coverage by Keefe Bruyette stated First Horizon Corporation (FHN) stock as a Mkt perform in their note to investors on July 17, 2024, suggesting a price target of $18 for the stock. On May 23, 2024, Stephens Resumed their recommendations, while on April 09, 2024, RBC Capital Mkts Upgrade their ratings for the stock with a price target of $18. Stock get an Outperform rating from Keefe Bruyette on April 05, 2024.
