Shares of First Horizon Co. (NYSE:FHN – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $16.62.
FHN has been the subject of a number of analyst reports. Stephens assumed coverage on shares of First Horizon in a report on Thursday, May 23rd. They issued an “overweight” rating and a $19.00 price target for the company. Barclays initiated coverage on First Horizon in a research note on Friday, March 8th. They issued an “overweight” rating and a $18.00 price objective for the company. Robert W. Baird boosted their target price on First Horizon from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $18.00 price target on shares of First Horizon in a research report on Tuesday, June 11th. Finally, Royal Bank of Canada upgraded shares of First Horizon from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $16.00 to $18.00 in a research report on Tuesday, April 9th.
Get Our Latest Stock Report on First Horizon
Hedge Funds Weigh In On First Horizon
First Horizon Stock Up 1.3 %
Shares of FHN opened at $14.46 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.96 and a quick ratio of 0.95. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91. First Horizon has a 1 year low of $10.08 and a 1 year high of $16.28. The business’s 50 day simple moving average is $15.25 and its 200-day simple moving average is $14.59.
First Horizon (NYSE:FHN – Get Free Report) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. First Horizon had a net margin of 16.07% and a return on equity of 8.96%. The company had revenue of $819.00 million for the quarter, compared to the consensus estimate of $809.51 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. First Horizon’s revenue was down 4.7% on a year-over-year basis. As a group, equities analysts expect that First Horizon will post 1.5 earnings per share for the current fiscal year.
First Horizon Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, June 14th. This represents a $0.60 dividend on an annualized basis and a yield of 4.15%. First Horizon’s payout ratio is 41.96%.
First Horizon Company Profile
First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through Regional Banking and Specialty Banking segments. It offers general banking services for consumers, businesses, financial institutions, and governments.
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