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First Horizon Corporation (NYSE: FHN) closed the day trading at $15.28 down -2.49% from the previous closing price of $15.67. In other words, the price has decreased by -$2.49 from its previous closing price. On the day, 6.83 million shares were traded. FHN stock price reached its highest trading level at $15.6518 during the session, while it also had its lowest trading level at $15.265.
Ratios:
For a better understanding of FHN, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.66 whereas as Long-Term Debt/Eq ratio is at 0.14.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wedbush on Sep-25-24, Downgraded its rating to Neutral and sets its target price to $17 from $20 previously.
On July 18, 2024, Raymond James Downgraded its rating to Outperform which previously was Strong Buy but kept the price unchanged to $18.
Keefe Bruyette Downgraded its Outperform to Mkt Perform on July 17, 2024, while the target price for the stock was maintained at $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 8188444672 and an Enterprise Value of 10610446336. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.63, and their Forward P/E ratio for the next fiscal year is 9.72. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.62 while its Price-to-Book (P/B) ratio in mrq is 1.00. Its current Enterprise Value per Revenue stands at 3.6.
Stock Price History:
Over the past 52 weeks, FHN has reached a high of $17.46, while it has fallen to a 52-week low of $10.08. The 50-Day Moving Average of the stock is -4.21%, while the 200-Day Moving Average is calculated to be 1.74%.
Shares Statistics:
Over the past 3-months, FHN traded about 6.02M shares per day on average, while over the past 10 days, FHN traded about 7361980 shares per day. A total of 558.84M shares are outstanding, with a floating share count of 528.64M. Insiders hold about 1.35% of the company’s shares, while institutions hold 82.05% stake in the company. Shares short for FHN as of 1724976000 were 6392737 with a Short Ratio of 1.06, compared to 1722384000 on 8237487. Therefore, it implies a Short% of Shares Outstanding of 6392737 and a Short% of Float of 1.53.
Dividends & Splits
FHN’s forward annual dividend rate is 0.60, up from 0.6 a year ago. Against a Trailing Annual Dividend Yield of 0.038289726The stock’s 5-year Average Dividend Yield is 3.98.
