First Horizon Corporation which can be found using ticker (FHN) now have 6 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The target price High/Low ranges between 25 and 18 and has a mean target at $23.67. Given that the stocks previous close was at $18.54 and the analysts are correct then we can expect a percentage increase in value of 27.7%. The 50 day moving average now sits at $20.19 while the 200 day moving average is $22.78. The company has a market capitalization of $9,872m. You can visit the company’s website by visiting: https://www.firsthorizon.com
The potential market cap would be $12,604m based on the market consensus.
First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through three segments: Regional Banking, Specialty Banking, and Corporate. It offers general banking services for consumers, businesses, financial institutions, and governments. The company provides underwriting services for bank-eligible securities and other fixed-income securities by financial subsidiaries; sells loans and derivatives; and offers advisory services. In addition, it offers commercial and business banking for business enterprises, consumer banking, and private client and wealth management services; and capital markets, professional commercial real estate, mortgage warehouse and asset-based lending, franchise and equipment finance, and corporate and correspondent banking. Further, the company provides transaction processing services including check clearing services and remittance processing, credit cards, investment, and sale of mutual fund and retail insurances, as well as trust, fiduciary, and agency services. First Horizon Corporation was founded in 1864 and is headquartered in Memphis, Tennessee.
The company has a dividend yield of 3.24% with the ex dividend date set at 16-3-2023 (DMY).
Other points of data to note are a P/E ratio of 12.15, revenue per share of 5.82 and a 1.09% return on assets.
