Market Analysts see First Horizon Corporation [FHN] falling to $17. Time to buy?

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First Horizon Corporation [NYSE: FHN] surged by $2.84 during the normal trading session on while it closed the day at $20.10.

First Horizon Corporation stock has also gained 14.46% of its value over the past 7 days. However, FHN stock has inclined by 34.45% in the 3 months of the year. Over the past six months meanwhile, it has gained 26.89% and gained 41.95% year-on date.

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The market cap for FHN stock reached $10.77 billion, with 558.84 million shares outstanding and 528.57 million shares in the current float. Compared to the average trading volume of 5.63M shares, FHN reached a trading volume of 21589953 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $19.23 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 2.06. 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.

Wedbush have made an estimate for First Horizon Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 24, 2024. The new note on the price target was released on July 18, 2024, representing the official price target for First Horizon Corporation stock. Previously, the target price had yet another raise to $18, while Keefe Bruyette analysts kept a Mkt Perform rating on FHN stock.

The Average True Range (ATR) for First Horizon Corporation is set at 0.59, with the Price to Sales ratio for FHN stock in the period of the last 12 months amounting to 2.11. The Price to Book ratio for the last quarter was 1.24. Price to Free Cash Flow for FHN in the course of the last twelve months was 6.95.

FHN stock trade performance evaluation

First Horizon Corporation [FHN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.46. With this latest performance, FHN shares gained by 29.93% in over the last four-week period, additionally plugging by 26.89% over the last 6 months – not to mention a rise of 73.43% 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 78.17, with the RSI for the last a single of trading hit 82.70, and the three-weeks RSI is set at 74.17 for First Horizon Corporation [FHN]. The present Moving Average for the last 50 days of trading for this stock 16.31, while it was recorded at 17.77 for the last single week of trading, and 15.44 for the last 200 days.

First Horizon Corporation [FHN]: An insightful look at the core fundamentals

First Horizon Corporation’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.25.

Earnings per share (EPS) analysis for First Horizon Corporation [FHN] stock

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 7.50%.

First Horizon Corporation [FHN]: Institutional Ownership

There are presently around $85.14%, or 85.91%% of FHN stock, in the hands of institutional investors. The top three institutional holders of FHN stocks are: BLACKROCK INC. with ownership of 61.9 million shares, which is approximately 11.1542%. VANGUARD GROUP INC, holding 56.32 million shares of the stock with an approximate value of $$888.2 million in FHN stocks shares; and VANGUARD GROUP INC, currently with $$510.78 million in FHN stock with ownership which is approximately 5.8362%.

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