Stocks of First Horizon Corporation (NYSE:FHN) traded higher last session on Wall Street, down -0.38% to $20.91.
FHN stock price is now 2.31% away from the 50-day moving average and 23.35% away from the 200-day moving average. The market capitalization of the company currently stands at $10.96B.
On September 24, 2024, Wedbush Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $20 to quote $17, while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, JORDAN D BRYAN, Chairman, President & CEO sold 109,980 shares of the company’s stock on Jan 22 ’25. The stock was sold for $2,323,651 at an average price of $21.13. Upon completion of the transaction, the Chairman, President & CEO now directly owns 1,861,381 shares in the company, valued at $38.92 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 22 ’25, Officer JORDAN D BRYAN bought 109,980 shares of the business’s stock. A total of $2,323,651 was incurred on buying the stock at an average price of $21.13. A total of 1.28% of the company’s stock is owned by insiders.
During the past 12 months, First Horizon Corporation has had a low of $13.45 and a high of $21.82. According to the stock market information, the enterprise value for the company is $11060657152, which is based on a 15.46 price-to-earnings ratio, a 1.84 price-to-earnings-growth ratio, and a beta of 0.94. The fifty day moving average price for FHN is $20.4126 and a two-hundred day moving average price translates $16.92195 for the stock.
The latest earnings results from First Horizon Corporation (NYSE: FHN) was released for 2024-09-30. The net profit margin was 14.48% and return on equity was 8.69% for FHN. The company reported revenue of $1.12 billion for the quarter, compared to $1.08 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.61 percent. For the current quarter, analysts expect FHN to generate $821.9M in revenue.
