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As of close of business last night, First Horizon Corporation’s stock clocked out at $15.54, down -1.73% from its previous closing price of $15.81. In other words, the price has decreased by -$1.73 from its previous closing price. On the day, 4.56 million shares were traded. FHN stock price reached its highest trading level at $15.9 during the session, while it also had its lowest trading level at $15.52.
Ratios:
To gain a deeper understanding of FHN’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.44 whereas as Long-Term Debt/Eq ratio is at 0.13.
On April 09, 2024, RBC Capital Mkts Upgraded its rating to Outperform which previously was Sector Perform and also upped its target price recommendation from $16 to $18.
Keefe Bruyette Upgraded its Mkt Perform to Outperform on April 05, 2024, whereas the target price for the stock was revised from $16 to $18.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FHN now has a Market Capitalization of 8487391232 and an Enterprise Value of 8724386816. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.80, and their Forward P/E ratio for the next fiscal year is 9.47. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.71 while its Price-to-Book (P/B) ratio in mrq is 1.02. Its current Enterprise Value per Revenue stands at 2.965.
Stock Price History:
Over the past 52 weeks, FHN has reached a high of $16.28, while it has fallen to a 52-week low of $10.08. The 50-Day Moving Average of the stock is 1.26%, while the 200-Day Moving Average is calculated to be 13.30%.
Shares Statistics:
It appears that FHN traded 6.27M shares on average per day over the past three months and 7391270 shares per day over the past ten days. A total of 558.84M shares are outstanding, with a floating share count of 539.56M. Insiders hold about 1.34% of the company’s shares, while institutions hold 82.12% stake in the company. Shares short for FHN as of 1718323200 were 10558674 with a Short Ratio of 1.68, compared to 1715731200 on 16543319. Therefore, it implies a Short% of Shares Outstanding of 10558674 and a Short% of Float of 2.4699999999999998.
Dividends & Splits
With its trailing 12-month dividend rate of 0.6, FHN has a forward annual dividend rate of 0.60. Against a Trailing Annual Dividend Yield of 0.037950665The stock’s 5-year Average Dividend Yield is 3.97.
