An Important Check-Up On First Horizon Corporation (NYSE: FHN)

First Horizon Corporation (FHN) concluded trading on Thursday at a closing price of $21.54, with 4.31 million shares of worth about $92.76 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 35.13% during that period and on February 20, 2025 the price saw a loss of about -2.62%. Currently the company’s common shares owned by public are about 524.00M shares, out of which, 516.71M shares are available for trading.

Stock saw a price change of -2.75% in past 5 days and over the past one month there was a price change of 0.61%. Year-to-date (YTD), FHN shares are showing a performance of 6.95% which increased to 55.19% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.72 but also hit the highest price of $22.44 during that period. The average intraday trading volume for First Horizon Corporation shares is 5.65 million. The stock is currently trading -1.28% below its 20-day simple moving average (SMA20), while that difference is up 2.73% for SMA50 and it goes to 22.15% higher than SMA200.

First Horizon Corporation (NYSE: FHN) currently have 524.00M outstanding shares and institutions hold larger chunk of about 84.87% of that.

The stock has a current market capitalization of $11.29B and its 3Y-monthly beta is at 0.88. PE ratio of stock for trailing 12 months is 15.93, while it has posted earnings per share of $1.35 in the same period. Its PEG reads 1.60 while making debt-to-equity ratio of 0.52. 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 2.10% while standing at 2.21% over the month.

Stock’s fiscal year EPS is expected to rise by 9.08% while it is estimated to increase by 12.46% in next year. EPS is likely to grow at an annualized rate of 9.96% for next 5-years, compared to annual growth of -0.25% made by the stock over the past 5-years.

Coverage by Wedbush stated First Horizon Corporation (FHN) stock as a Neutral in their note to investors on September 24, 2024, suggesting a price target of $17 for the stock. On July 18, 2024, Raymond James Downgrade their recommendations, while on July 17, 2024, Keefe Bruyette Downgrade their ratings for the stock with a price target of $18. Stock get an Overweight rating from Stephens on May 23, 2024.

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