Stocks of First Horizon Corporation (NYSE:FHN) traded higher last session on Wall Street, down -5.81% to $16.21.
FHN stock price is now -20.28% away from the 50-day moving average and -11.09% away from the 200-day moving average. The market capitalization of the company currently stands at $8.33B.
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, BARTON HARRY V JR, Director bought 1,200 shares of the company’s stock on Feb 20 ’25. The stock was bought for $26,544 at an average price of $22.12. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 22 ’25, Chairman, President & CEO JORDAN D BRYAN sold 109,980 shares of the business’s stock. A total of $2,323,651 was realized by selling the stock at an average price of $21.13. This leaves the insider owning 1,861,381 shares of the company worth $30.17 million. A total of 1.33% of the company’s stock is owned by insiders.
During the past 12 months, First Horizon Corporation has had a low of $13.72 and a high of $22.44. According to the stock market information, the enterprise value for the company is $9784887296, which is based on a 11.95 price-to-earnings ratio, a 1.12 price-to-earnings-growth ratio, and a beta of 0.63. The fifty day moving average price for FHN is $20.3342 and a two-hundred day moving average price translates $18.23105 for the stock.
The latest earnings results from First Horizon Corporation (NYSE: FHN) was released for 2024-12-31. The net profit margin was 14.76% and return on equity was 8.70% for FHN. The company reported revenue of $1.07 billion for the quarter, compared to $1.08 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.66 percent.
