why First Horizon Corporation [FHN] is a Good Choice for Investors After New Price Target of $17.33

First Horizon Corporation [NYSE: FHN] slipped around -0.02 points on Thursday, while shares priced at $17.60 at the close of the session, down -0.11%. The company report on March 15, 2021 that First Horizon Corp. to Announce Financial Results and Host Conference Call on April 21.

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First Horizon Corp. (NYSE:FHN) will announce first quarter financial results in a news release, financial supplement, and slide presentation, prior to the market opening on April 21, 2021. A conference call will follow at 8:30 a.m. CT (U.S.) during which management will review earnings and performance trends. The call will also be available as a live webcast, accompanied by a slide presentation. The news release, call, and slide presentation may involve forward-looking information, including guidance.

The slide presentation, financial supplement and news release will be available by 6 a.m. CT that morning at http://ir.fhnc.com/Event.

First Horizon Corporation stock is now 37.93% up from its year-to-date (YTD) trading value. FHN Stock saw the intraday high of $18.42 and lowest of $17.4916 per share. The company’s 52-week high price is 17.82, which means current price is +40.24% above from all time high which was touched on 03/18/21.

Compared to the average trading volume of 6.66M shares, FHN reached a trading volume of 6970196 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about First Horizon Corporation [FHN]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FHN shares is $17.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FHN stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Jefferies have made an estimate for First Horizon Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 08, 2020. The new note on the price target was released on September 22, 2020, representing the official price target for First Horizon Corporation stock. Previously, the target price had yet another raise to $12, while Goldman analysts kept a Buy rating on FHN stock.

The Average True Range (ATR) for First Horizon Corporation is set at 0.60, with the Price to Sales ratio for FHN stock in the period of the last 12 months amounting to 5.00. The Price to Book ratio for the last quarter was 1.29, with the Price to Cash per share for the same quarter was set at 20.70.

How has FHN stock performed recently?

First Horizon Corporation [FHN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.62. With this latest performance, FHN shares gained by 10.34% in over the last four-week period, additionally plugging by 79.23% over the last 6 months – not to mention a rise of 145.13% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FHN stock in for the last two-week period is set at 62.84, with the RSI for the last a single of trading hit 62.84, and the three-weeks RSI is set at 62.77 for First Horizon Corporation [FHN]. The present Moving Average for the last 50 days of trading for this stock 15.75, while it was recorded at 17.61 for the last single week of trading, and 11.86 for the last 200 days.

First Horizon Corporation [FHN]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and First Horizon Corporation [FHN] shares currently have an operating margin of +32.34. First Horizon Corporation’s Net Margin is presently recorded at +24.77.

Return on Total Capital for FHN is now 9.94, given the latest momentum, and Return on Invested Capital for the company is 10.98. Return on Equity for this stock inclined to 13.21, with Return on Assets sitting at 1.32. When it comes to the capital structure of this company, First Horizon Corporation [FHN] has a Total Debt to Total Equity ratio set at 53.41. Additionally, FHN Total Debt to Total Capital is recorded at 34.81, with Total Debt to Total Assets ending up at 5.05. Long-Term Debt to Equity for the company is recorded at 27.59, with the Long-Term Debt to Total Capital now at 16.93.

Reflecting on the efficiency of the workforce at the company, First Horizon Corporation [FHN] managed to generate an average of $124,228 per employee.

Earnings analysis for First Horizon Corporation [FHN]

With the latest financial reports released by the company, First Horizon Corporation posted 0.05/share EPS, while the average EPS was predicted by analysts to be reported at 0.36/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -86.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FHN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for First Horizon Corporation go to 9.50%.

Insider trade positions for First Horizon Corporation [FHN]

There are presently around $8,101 million, or 84.30% of FHN stock, in the hands of institutional investors. The top three institutional holders of FHN stocks are: VANGUARD GROUP INC with ownership of 56,845,282, which is approximately 6.545% of the company’s market cap and around 1.00% of the total institutional ownership; BLACKROCK INC., holding 50,686,001 shares of the stock with an approximate value of $892.07 million in FHN stocks shares; and FMR LLC, currently with $539.07 million in FHN stock with ownership of nearly -2.703% of the company’s market capitalization.

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Positions in First Horizon Corporation stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 216 institutional holders increased their position in First Horizon Corporation [NYSE:FHN] by around 40,289,893 shares. Additionally, 208 investors decreased positions by around 40,702,284 shares, while 90 investors held positions by with 379,305,093 shares. The mentioned changes placed institutional holdings at 460,297,270 shares, according to the latest SEC report filing. FHN stock had 79 new institutional investments in for a total of 6,818,596 shares, while 40 institutional investors sold positions of 3,813,777 shares during the same period.

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