First Horizon Corporation with ticker code (FHN) have now 9 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 25 and 20 with a mean TP of 24.44. Given that the stocks previous close was at 21.63 this is indicating there is a potential upside of 13.0%. The 50 day moving average now sits at 22.63 while the 200 day moving average is 19.1. The company has a market cap of $11,713m. Company Website: https://www.firsthorizon.com
The potential market cap would be $13,234m 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 three segments: Regional Banking, Specialty Banking, and Corporate. 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 500 banking offices in 22 states under the First Horizon Bank brand; and 400 banking centers in 12 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.
