First Horizon Corporation with ticker code (FHN) have now 12 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 23 and 18.5 and has a mean target at 20.08. Now with the previous closing price of 17.83 this indicates there is a potential upside of 12.6%. There is a 50 day moving average of 17.12 and the 200 day moving average is 16.97. The market cap for the company is $9,895m. Visit the company website at: https://www.firsthorizon.com
The potential market cap would be $11,144m based on the market concensus.
First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through four segments: Regional Banking, Fixed Income, Corporate, and Non-Strategic. It offers general banking services for consumers, businesses, financial institutions, and governments. The company also underwrites bank-eligible securities and other fixed-income securities eligible for underwriting by financial subsidiaries; sells loans and derivatives; and offers advisory services. In addition, it offers various services, such as mortgage banking; title insurance and loan-closing; brokerage; correspondent banking; nationwide check clearing and remittance processing; trust, fiduciary, and agency; equipment finance; and investment and financial advisory services. Further, the company sells mutual fund and retail insurance products; and credit cards. It operates approximately 490 banking offices in 12 states under the First Horizon Bank brand; and 29 offices in 18 states under the FHN Financial brand in the United States. The company was formerly known as First Horizon National Corporation and changed its name to First Horizon Corporation in November 2020. First Horizon Corporation was founded in 1864 and is headquartered in Memphis, Tennessee.
