First Horizon Corporation with ticker code (FHN) now have 7 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The range between the high target price and low target price is between 25 and 24 calculating the mean target price we have $24.86. Given that the stocks previous close was at $17.88 and the analysts are correct then there would likely be a percentage uptick in value of 39.0%. There is a 50 day moving average of $21.53 while the 200 day moving average is $22.97. The company has a market capitalization of $9,312m. Company Website: https://www.firsthorizon.com
The potential market cap would be $12,948m 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 3.36% with the ex dividend date set at 16-3-2023 (DMY).
Other points of data to note are a P/E ratio of 11.33, revenue per share of 5.82 and a 1.09% return on assets.
