Wall Street Analyst Downgrade First Horizon Corporation [FHN]. What else is Wall St. saying

First Horizon Corporation [NYSE: FHN] loss -0.97% on the last trading session, reaching $15.34 price per share at the time. The company report on September 13, 2021 that Wipro and First Horizon Bank Forge a Cloud-Based Fintech Future for VirtualBank.

Partnership enables seamless transition to cloud ecosystem and integration of new fintech capabilities.

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, has partnered with Tennessee-based First Horizon Bank (FHN) to transform the core banking channels and servicing capabilities of VirtualBank, an established digital bank that FHN inherited from Louisiana-based IBERIABANK as part of the merger completed in 2020. The combined entity’s assets are approximately $87 billion.

First Horizon Corporation represents 550.30 million in outstanding shares, while the company has a total market value of $8.53 billion with the latest information. FHN stock price has been found in the range of $15.305 to $15.66.

If compared to the average trading volume of 5.00M shares, FHN reached a trading volume of 3098587 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $20.03 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.

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

The Average True Range (ATR) for First Horizon Corporation is set at 0.39, with the Price to Sales ratio for FHN stock in the period of the last 12 months amounting to 3.76. The Price to Book ratio for the last quarter was 1.09, with the Price to Cash per share for the same quarter was set at 29.51. Price to Free Cash Flow for FHN in the course of the last twelve months was 6.42.

Trading performance analysis for FHN stock

First Horizon Corporation [FHN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.58. With this latest performance, FHN shares dropped by -4.12% in over the last four-week period, additionally sinking by -12.84% over the last 6 months – not to mention a rise of 56.21% 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 42.32, with the RSI for the last a single of trading hit 41.16, and the three-weeks RSI is set at 43.07 for First Horizon Corporation [FHN]. The present Moving Average for the last 50 days of trading for this stock 15.87, while it was recorded at 15.37 for the last single week of trading, and 16.26 for the last 200 days.

First Horizon Corporation [FHN]: A deeper dive into fundamental analysis

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.

First Horizon Corporation [FHN]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at First Horizon Corporation [FHN]

There are presently around $6,975 million, or 83.90% of FHN stock, in the hands of institutional investors. The top three institutional holders of FHN stocks are: VANGUARD GROUP INC with ownership of 60,470,357, which is approximately 2.398% of the company’s market cap and around 1.00% of the total institutional ownership; BLACKROCK INC., holding 60,174,919 shares of the stock with an approximate value of $923.08 million in FHN stocks shares; and FMR LLC, currently with $436.95 million in FHN stock with ownership of nearly -7.877% 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 247 institutional holders increased their position in First Horizon Corporation [NYSE:FHN] by around 43,815,400 shares. Additionally, 205 investors decreased positions by around 46,578,904 shares, while 98 investors held positions by with 364,289,575 shares. The mentioned changes placed institutional holdings at 454,683,879 shares, according to the latest SEC report filing. FHN stock had 71 new institutional investments in for a total of 6,560,075 shares, while 47 institutional investors sold positions of 8,702,769 shares during the same period.

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