First Horizon Corporation [FHN] Stock trading around $14.12 per share: What’s Next?

First Horizon Corporation [NYSE: FHN] traded at a high on Tuesday, posting a 1.73 gain after which it closed the day’ session at $14.12. The company report on February 16, 2024 at 10:00 AM that DiversityComm Magazine Names First Horizon as a 2024 Top Black Employer.

First Horizon Corporation, (NYSE: FHN or “First Horizon”) has been recognized by DiversityComm Magazine as a 2024 Top Black Employer.

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Each year, DiversityComm, Inc. (DCI) conducts select evaluations of the nation’s employers, supplier diversity programs, industry leaders, law enforcement & government agencies and schools. The evaluations also integrate findings independently to identify “Best of the Best” in relation to outreach and accessibility to the minority, veteran, female, people with disabilities and LGBTQ+ population. These non-biased studies are a valuable resource for the publication’s readers, jobseekers, business owners, students, senior management, and consumers.

The results of the trading session contributed to over 6635086 shares changing hands. Over the past one week, the price volatility of First Horizon Corporation stands at 2.49% while the volatility over the past one month is 2.91%.

The market cap for FHN stock reached $7.89 billion, with 559.00 million shares outstanding and 549.63 million shares in the current float. Compared to the average trading volume of 9.17M shares, FHN reached a trading volume of 6635086 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 $16.20 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 2.12. 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 Buy, with their previous recommendation back on January 24, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on December 01, 2023, representing the official price target for First Horizon Corporation stock. Previously, the target price had yet another raise from $12 to $14, while Wedbush kept a Outperform rating on FHN stock.

The Average True Range (ATR) for First Horizon Corporation is set at 0.42, with the Price to Sales ratio for FHN stock in the period of the last 12 months amounting to 1.65. The Price to Book ratio for the last quarter was 0.93. Price to Free Cash Flow for FHN in the course of the last twelve months was 10.76.

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 0.36. With this latest performance, FHN shares gained by 0.28% in over the last four-week period, additionally plugging by 10.83% over the last 6 months – not to mention a drop of -43.11% 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 52.29, with the RSI for the last a single of trading hit 53.47, and the three-weeks RSI is set at 52.78 for First Horizon Corporation [FHN]. The present Moving Average for the last 50 days of trading for this stock 14.02, while it was recorded at 13.96 for the last single week of trading, and 12.30 for the last 200 days.

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

First Horizon Corporation’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.22.

Earnings analysis for First Horizon Corporation [FHN]

With the latest financial reports released by the company, First Horizon Corporation posted 0.45/share EPS, while the average EPS was predicted by analysts to be reported at 0.47/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -4.30%. 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 2.40%.

Insider trade positions for First Horizon Corporation [FHN]

The top three institutional holders of FHN stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in FHN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in FHN stock with ownership which is approximately 5.8325%.