The trading price of First Horizon Corporation (NYSE:FHN) closed higher on Tuesday, February 11, and closed at $22.43, 1.59% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $21.965 and $22.435. The company’s P/E ratio in the trailing 12-month period was 16.59, while its 5Y monthly beta was 0.882. In examining the 52-week price action we see that the stock hit a 52-week high of $22.43 and a 52-week low of $13.57. Over the past month, the stock has gained 11.81% in value.
First Horizon Corporation, whose market valuation is $11.75 billion at the time of this writing, is expected to release its quarterly earnings report in March. The dividend yield on the company stock is 2.67%, while its Forward Dividend ratio is 0.60. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.39 per share this quarter, however they have predicted annual earnings per share of 1.69 for current year and 1.88 for next year.
Analysts have forecast the company to bring in revenue of 824.72M for the current quarter, with the likely lows of 814.08M and highs of 837.6M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 3.38B.
On the technical side, indicators suggest FHN has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned FHN a recommendation rating is 12. Out of them, 1 rate it a Hold, while 11 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged First Horizon Corporation (FHN) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.67, which symbolizes a positive outlook. A quick review shows that FHN’s price is currently 3.89% off the SMA20 and 7.72% off the SMA50. The RSI metric on the 14-day chart is currently showing 65.86, and weekly volatility stands at 2.06%. When measured over the past 30 days, the indicator reaches 2.46%. First Horizon Corporation (NYSE:FHN)’s beta value is currently sitting at 0.88, while the Average True Range indicator is currently displaying 0.53. With analysts defining $17-$20 as the low and high price targets, we arrive at a consensus price target of $20 for the trailing 12-month period. The current price is about 24.21% off the estimated low and 10.83% off the forecast high, based on this estimate. Investors will be thrilled if FHN’s share price rises to $20, which is the median consensus price. At that level, FHN’s share price would be 10.83% above current price.
To see how First Horizon Corporation stock has been performing in comparison to its peers in the industry, here are the numbers: FHN stock’s performance was 1.59% in the latest trading, and 62.65% in the past year. First Horizon Corporation has a P/E ratio of 16.59.
An evaluation of the daily trading volume of First Horizon Corporation (NYSE:FHN) indicates that the 3-month average is 5.93 million. However, this figure has increased over the past 10 days to an average of 6.11.
Currently, records show that 524.00 million of the company’s shares remain outstanding. The insiders hold 2.24% of outstanding shares, whereas institutions hold 84.60%. The stats also highlight that short interest as of 2024-12-31, stood at 11.71 million shares, resulting in a short ratio of 1.94 at that time. From this, we can conclude that short interest is 285.00 of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 10.28 million. However, since the stock’s price has seen 11.37% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
