First Horizon Corporation (FHN) concluded trading on Thursday at a closing price of $21.09, with 3.89 million shares of worth about $82.13 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 34.50% during that period and on November 28, 2024 the price saw a loss of about -0.47%. Currently the company’s common shares owned by public are about 558.84M shares, out of which, 523.00M shares are available for trading.
Stock saw a price change of 6.14% in past 5 days and over the past one month there was a price change of 21.98%. Year-to-date (YTD), FHN shares are showing a performance of 48.94% which increased to 73.72% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.87 but also hit the highest price of $21.72 during that period. The average intraday trading volume for First Horizon Corporation shares is 6.52 million. The stock is currently trading 7.12% above its 20-day simple moving average (SMA20), while that difference is up 19.51% for SMA50 and it goes to 32.65% 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 81.46% of that.
The stock has a current market capitalization of $11.13B and its 3Y-monthly beta is at 0.93. PE ratio of stock for trailing 12 months is 15.33, while it has posted earnings per share of $1.38 in the same period. Its PEG reads 2.04 while making debt-to-equity ratio of 0.42. 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 2.38% while standing at 2.27% over the month.
Stock’s fiscal year EPS is expected to drop by -2.51% while it is estimated to increase by 4.50% in next year. EPS is likely to grow at an annualized rate of 7.50% 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 Wedbush on September 24, 2024 offering a Neutral rating for the stock and assigned a target price range of between $20 and $17 to it. Coverage by Raymond James stated First Horizon Corporation (FHN) stock as an Outperform in their note to investors on July 18, 2024, suggesting a price target of $18 for the stock. On July 17, 2024, Keefe Bruyette Downgrade their recommendations, while on May 23, 2024, Stephens Resumed their ratings for the stock with a price target of $19. Stock get an Outperform rating from RBC Capital Mkts on April 09, 2024.
