Currently, there are 558.84M common shares owned by the public and among those 522.89M shares have been available to trade.
The company’s stock has a 5-day price change of 17.89% and 32.65% over the past three months. FHN shares are trading 41.45% year to date (YTD), with the 12-month market performance up to 80.29% higher. It has a 12-month low price of $10.96 and touched a high of $20.11 over the same period. FHN has an average intraday trading volume of 6.05 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 12.64%, 21.36%, and 29.11% respectively.
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Institutional ownership of First Horizon Corporation (NYSE: FHN) shares accounts for 84.87% of the company’s 558.84M shares outstanding.
It has a market capitalization of $10.67B and a beta (3y monthly) value of 0.91. The stock’s trailing 12-month PE ratio is 14.56, while the earnings-per-share (ttm) stands at $1.38. The company has a PEG of 1.94 and the debt-to-equity ratio at 0.42. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.94% over the week and 2.52% over the month.
Analysts forecast that First Horizon Corporation (FHN) will achieve an EPS of 0.38 for the current quarter, 0.36 for the next quarter and 1.56 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.32 while analysts give the company a high EPS estimate of 0.32. Comparatively, EPS for the current quarter was 0.32 a year ago. Earnings per share for the fiscal year are expected to decrease by -2.51%, and 4.50% over the next financial year. EPS should grow at an annualized rate of 7.50% 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. Wedbush stated their Neutral rating for the stock in a research note on September 24, 2024, with the firm’s price target at $20-$17. Raymond James coverage for the First Horizon Corporation (FHN) stock in a research note released on July 18, 2024 offered a Outperform rating with a price target of $18. Keefe Bruyette was of a view on July 17, 2024 that the stock is Mkt Perform, while Stephens gave the stock Overweight rating on May 23, 2024, issuing a price target of $19. RBC Capital Mkts on their part issued Outperform rating on April 09, 2024.
