First Horizon Corporation with ticker code (FHN) now have 7 confirmed analysts covering the stock with the consensus suggesting 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 $20.10 this now indicates there is a potential upside of 23.7%. It’s also worth noting that there is a 50 day moving average of $23.95 and the 200 moving average now moves to $23.42. The company has a market capitalization of $8,619m. Find out more information at: https://www.firsthorizon.com
The potential market cap would be $10,660m 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 2.87% with the ex dividend date set at 16-3-2023 (DMY).
Other points of data to note are a P/E ratio of 13.71, revenue per share of 5.82 and a 1.09% return on assets.
