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Analysts suggest First Horizon Corporation (FHN) could spike 6.88% in a year

First Horizon Corporation (NYSE: FHN) is 42.56% higher on its value in year-to-date trading and has touched a low of $15.00 and a high of $24.24 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FHN stock was last observed hovering at around $23.21 in the last trading session, with the day’s gains setting it 0.07% off its average median price target of $25.00 for the next 12 months. It is also 6.88% off the consensus price target high of $25.00 offered by analysts, but current levels are 3.0% higher than the price target low of $24.00 for the same period.

Currently trading at $23.28, the stock is 0.22% and 1.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.17 million and changing 0.30% at the moment leaves the stock 8.68% off its SMA200. FHN registered 39.99% gain for a year compared to 6-month loss of -1.44%.

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The stock witnessed a 3.01% gain in the last 1 month and extending the period to 3 months gives it a 5.24%, and is 0.74% 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 1.28% over the week and 1.24% over the month.

First Horizon Corporation (FHN) has around 7676 employees, a market worth around $12.61B and $2.16B in sales. Current P/E ratio is 16.13 and Fwd P/E is 12.18. Profit margin for the company is 36.90%. Distance from 52-week low is 55.20% and -3.96% from its 52-week high. The company has generated returns on investments over the last 12 months (21.90%).

First Horizon Corporation is expected to release its quarterly report on 01/20/2023.The EPS is expected to shrink by -7.90% this year.

First Horizon Corporation (FHN) Top Institutional Holders

The shares outstanding are 534.60M, and float is at 529.31M with Short Float at 4.44%.

First Horizon Corporation (FHN) Insider Activity

A total of 118 insider transactions have happened at First Horizon Corporation (FHN) in the last six months, with sales accounting for 53 and purchases happening 65 times. The most recent transaction is an insider sale by BYRD DARYL G,the company’sExecutive Chairman of Board. SEC filings show that BYRD DARYL G sold 201,934 shares of the company’s common stock on Jun 09 at a price of $22.64 per share for a total of $4.57 million. Following the sale, the insider now owns 1.73 million shares.

First Horizon Corporation disclosed in a document filed with the SEC on Jun 08 that BYRD DARYL G (Executive Chairman of Board) sold a total of 99,458 shares of the company’s common stock. The trade occurred on Jun 08 and was made at $22.71 per share for $2.26 million. Following the transaction, the insider now directly holds 1.73 million shares of the FHN stock.

Still, SEC filings show that on Jun 07, BYRD DARYL G (Executive Chairman of Board) disposed off 122,078 shares at an average price of $22.92 for $2.8 million. The insider now directly holds 1,732,685 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 -18.91% down over the past 12 months and Pinnacle Financial Partners Inc. (PNFP) that is -8.30% lower over the same period. Synovus Financial Corp. (SNV) is -8.44% down on the 1-year trading charts.

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