Saturday, April 4, 2020

why First Horizon National Corporation (FHN) is a Good Choice for Investors After New Price Target of $17.67

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First Horizon National Corporation (NYSE:FHN) stock went on an upward path that rose over 1.21% on Tuesday, amounting to a one-week price decrease of more than -1.24%. Over the last 12 months, FHN stock dropped by 2.11%. The one-year FHN stock forecast points to a potential downside of -0.11, with the average price target set at $17.75 per share. The average equity rating for FHN stock is currently 2.30, trading closer to a bullish pattern in the stock market.

The market cap for FHN stock reached $4.94 billion, with 309.67 million shares outstanding and 304.11 million shares in the current float. Compared to the average trading volume of 3.14M shares, FHN reached a trading volume of 2857184 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about First Horizon National Corporation (FHN)?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FHN shares is $17.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FHN stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Keefe Bruyette have made an estimate for First Horizon National Corporation shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on October 17, 2019. The new note on the price target was released on August 29, 2019, representing the official price target for First Horizon National Corporation stock. Previously, the target price had yet another raise from $15 to $19, while UBS kept a Buy rating on FHN stock. On July 16, 2019, analysts increased their price target for FHN shares from 15 to 16.

The Average True Range (ATR) for First Horizon National Corporation is set at 0.33, with the Price to Sales ratio for FHN stock in the period of the last 12 months amounting to 3.05. The Price to Book ratio for the last quarter was 1.10, with the Price to Cash per share for the same quarter was set at 11.94. Price to Free Cash Flow for FHN in the course of the last twelve months was 13.42.

How has FHN stock performed recently?

First Horizon National Corporation (FHN) fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.24. With this latest performance, FHN shares dropped by -2.15% in over the last four-week period, additionally plugging by 6.19% over the last 6 months – not to mention a rise of 2.11% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FHN stock in for the last two-week period is set at 52.99, with the RSI for the last a single of trading hit 53.74, and the three-weeks RSI is set at 51.15 for First Horizon National Corporation (FHN). The present Moving Average for the last 50 days of trading for this stock 15.90, while it was recorded at 15.65 for the last single week of trading, and 15.11 for the last 200 days.

First Horizon National Corporation (FHN): Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and First Horizon National Corporation (FHN) shares currently have an operating margin of +31.57. First Horizon National Corporation’s Net Margin is presently recorded at +24.07.

Return on Total Capital for FHN is now 8.15, given the latest momentum, and Return on Invested Capital for the company is 10.13. Return on Equity for this stock inclined to 12.42, with Return on Assets sitting at 1.32. When it comes to the capital structure of this company, First Horizon National Corporation (FHN) has a Total Debt to Total Equity ratio set at 58.80. Additionally, FHN Total Debt to Total Capital is recorded at 37.03, with Total Debt to Total Assets ending up at 6.45. Long-Term Debt to Equity for the company is recorded at 17.54, with the Long-Term Debt to Total Capital now at 10.81.

Reflecting on the efficiency of the workforce at the company, First Horizon National Corporation (FHN) managed to generate an average of $97,730 per employee. Total Asset Turnover recorded at a value of 0.05.

Earnings analysis for First Horizon National Corporation (FHN)

With the latest financial reports released by the company, First Horizon National Corporation posted 0.35/share EPS, while the average EPS was predicted by analysts to be reported at 0.36/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -2.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FHN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for First Horizon National Corporation go to 4.50%.

Insider trade positions for First Horizon National Corporation (FHN)

There are presently around $4,227 million, or 86.60% of FHN stock, in the hands of institutional investors. The top three institutional holders of FHN stocks are: VANGUARD GROUP INC with ownership of 30,800,614, which is approximately -0.321% of the company’s market cap and around 1.30% of the total institutional ownership; BLACKROCK INC., holding 29,968,737 shares of the stock with an approximate value of $472.31 million in FHN stocks shares; and FMR LLC, currently with $416.09 million in FHN stock with ownership of nearly -0.645% of the company’s market capitalization.

Positions in First Horizon National Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 150 institutional holders increased their position in First Horizon National Corporation (NYSE:FHN) by around 16,557,341 shares. Additionally, 160 investors decreased positions by around 28,554,968 shares, while 71 investors held positions by with 223,116,681 shares. The mentioned changes placed institutional holdings at 268,228,990 shares, according to the latest SEC report filing. FHN stock had 56 new institutional investments in for a total of 5,655,530 shares, while 39 institutional investors sold positions of 7,755,550 shares during the same period.

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