First Horizon Corporation (NYSE: FHN) is -22.95% lower on its value in year-to-date trading and has touched a low of $6.27 and a high of $17.40 in the current 52-week trading range. The FHN stock was last observed hovering at around $12.78 in the last trading session, with the day’s loss setting it -0.02% off its average median price target of $15.00 for the next 12 months. It is also 22.67% off the consensus price target high of $16.50 offered by 15 analysts, but current levels are -6.33% lower than the price target low of $12.00 for the same period.
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Currently trading at $12.76, the stock is -0.16% and 6.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.27 million and changing -0.16% at the moment leaves the stock 28.19% off its SMA200. FHN registered -22.76% loss for a year compared to 6-month gain of 37.95%. The firm has a 50-day simple moving average (SMA 50) of $12.67 and a 200-day simple moving average (SMA200) of $10.52.
The stock witnessed a 1.03% loss in the last 1 month and extending the period to 3 months gives it a 33.06%, and is 0.16% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.93% over the week and 2.33% over the month.
First Horizon Corporation (FHN) has around 5017 employees, a market worth around $7.09B and $1.73B in sales. Current P/E ratio is 8.35 and Fwd P/E is 9.85. Profit margin for the company is 40.80%. Distance from 52-week low is 103.51% and -26.67% from its 52-week high. The company has generated returns on investments over the last 12 months (18.80%).
First Horizon Corporation (FHN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for First Horizon Corporation (FHN) is a “Buy”. 15 analysts offering their recommendations for the stock have an average rating of 1.90, where 3 rate it as a Hold and 1 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
First Horizon Corporation is expected to release its quarterly report on 04/09/2021 and quarterly earnings per share for the current quarter are estimated at $0.33 with sales reaching $783.31M over the same period.The EPS is expected to shrink by -16.30% this year, but quarterly earnings will post 51.80% year-over-year. Quarterly sales are estimated to grow 58.30% in year-over-year returns.
First Horizon Corporation (FHN) Top Institutional Holders
559 institutions hold shares in First Horizon Corporation (FHN), with 8.22M shares held by insiders accounting for 1.48% while institutional investors hold 85.53% of the company’s shares. The shares outstanding are 549.69M, and float is at 546.57M with Short Float at 2.32%. Institutions hold 84.26% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 53.35 million shares valued at $503.12 million. The investor’s holdings represent 9.62% of the FHN Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 53.11 million shares valued at $500.8 million to account for 9.57% of the shares outstanding. The other top investors are FMR, LLC which holds 31.48 million shares representing 5.67% and valued at over $296.86 million, while Dimensional Fund Advisors LP holds 3.83% of the shares totaling 21.23 million with a market value of $200.17 million.
First Horizon Corporation (FHN) Insider Activity
The most recent transaction is an insider sale by ARDOIN ELIZABETH A, the company’s SEVP, Chief Communications Ofc. SEC filings show that ARDOIN ELIZABETH A sold 6,274 shares of the company’s common stock on Dec 04 at a price of $13.06 per share for a total of $81907.0. Following the sale, the insider now owns 0.22 million shares.
First Horizon Corporation disclosed in a document filed with the SEC on Dec 02 that Restel Anthony J (SEVP Chief Operating Officer) sold a total of 15,493 shares of the company’s common stock. The trade occurred on Dec 02 and was made at $12.85 per share for $0.2 million. Following the transaction, the insider now directly holds 0.37 million shares of the FHN stock.
Still, SEC filings show that on Nov 24, Losch William C III (Sr. EVP and CFO) disposed off 45,136 shares at an average price of $12.54 for $0.57 million. The insider now directly holds 343,441 shares of First Horizon Corporation (FHN).
First Horizon Corporation (FHN): Who are the competitors?
The company’s main competitors (and peers) include The PNC Financial Services Group Inc. (PNC) that is trading -7.09% down over the past 12 months. Synovus Financial Corp. (SNV) is -17.93% down on the 1-year trading charts. Short interest in the company’s stock has fallen -69.16% from the last report on Nov 12, 2020 to stand at a total of 21.45 million short shares sold with a short interest ratio of 2.89.