why First Horizon Corporation [FHN] is a Good Choice for Investors After New Price Target of $20.81

First Horizon Corporation [NYSE: FHN] jumped around 0.05 points on Monday, while shares priced at $15.48 at the close of the session, up 0.32%. The company report on July 22, 2021 that Hunter Hill Named Chief Digital Transformation Officer.

First Horizon Bank has named Hunter Hill as Chief Digital Transformation Officer and promoted Tony Adams to New Orleans Market President.

Hill joined legacy IBERIABANK in 2009 to grow the bank’s commercial client base in Birmingham, Alabama. In 2014, he became New Orleans Market President. In his new role as Chief Digital Transformation Officer, he will be responsible for creating and driving enterprise digital vision, strategy and thought leadership across all lines of business (Retail, Private Client, Business Banking, Commercial and Specialty LOBs). The role will also include direct ownership of consumer digital (excluding VirtualBank), treasury management and payments, including strategy, sales, on-boarding and servicing. Hill will also serve on the Company’s Operating Committee and Technology Advisory Board.

First Horizon Corporation stock is now 21.32% up from its year-to-date (YTD) trading value. FHN Stock saw the intraday high of $15.80 and lowest of $15.42 per share. The company’s 52-week high price is 19.45, which means current price is +23.35% above from all time high which was touched on 06/02/21.

Compared to the average trading volume of 5.09M shares, FHN reached a trading volume of 5049661 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 $20.81 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.

Hovde Group have made an estimate for First Horizon Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 23, 2021. The new note on the price target was released on October 08, 2020, representing the official price target for First Horizon Corporation stock. Previously, the target price had yet another raise to $12, while Raymond James analysts kept a Strong Buy rating on FHN stock.

The Average True Range (ATR) for First Horizon Corporation is set at 0.55, with the Price to Sales ratio for FHN stock in the period of the last 12 months amounting to 3.75. The Price to Book ratio for the last quarter was 1.13, with the Price to Cash per share for the same quarter was set at 26.21.

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 3.13. With this latest performance, FHN shares dropped by -11.59% in over the last four-week period, additionally plugging by 7.20% over the last 6 months – not to mention a rise of 60.58% 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 36.87, with the RSI for the last a single of trading hit 37.22, and the three-weeks RSI is set at 37.93 for First Horizon Corporation [FHN]. The present Moving Average for the last 50 days of trading for this stock 17.62, while it was recorded at 15.50 for the last single week of trading, and 15.41 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 +32.38. First Horizon Corporation’s Net Margin is presently recorded at +24.81.

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 1.33. 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 5.08. 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]

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 $7,039 million, or 83.90% of FHN stock, in the hands of institutional investors. The top three institutional holders of FHN stocks are: BLACKROCK INC. with ownership of 62,939,301, which is approximately 24.175% of the company’s market cap and around 1.30% of the total institutional ownership; VANGUARD GROUP INC, holding 59,054,090 shares of the stock with an approximate value of $914.16 million in FHN stocks shares; and FMR LLC, currently with $478.64 million in FHN stock with ownership of nearly 0.949% 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 July and at the time of the July reporting period, where 224 institutional holders increased their position in First Horizon Corporation [NYSE:FHN] by around 50,970,653 shares. Additionally, 227 investors decreased positions by around 53,938,364 shares, while 90 investors held positions by with 349,825,733 shares. The mentioned changes placed institutional holdings at 454,734,750 shares, according to the latest SEC report filing. FHN stock had 68 new institutional investments in for a total of 12,150,830 shares, while 58 institutional investors sold positions of 9,112,640 shares during the same period.

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