First Horizon Co. (NYSE:FHN – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $17.38.
FHN has been the topic of several analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $18.00 target price on shares of First Horizon in a research note on Wednesday, July 17th. Evercore ISI decreased their target price on shares of First Horizon from $19.50 to $18.50 and set an “outperform” rating on the stock in a research note on Tuesday, September 17th. Robert W. Baird reaffirmed a “neutral” rating and issued a $16.00 target price on shares of First Horizon in a research note on Tuesday, August 6th. Raymond James downgraded shares of First Horizon from a “strong-buy” rating to an “outperform” rating and set a $18.00 target price on the stock. in a research note on Thursday, July 18th. Finally, Barclays lifted their target price on shares of First Horizon from $18.00 to $19.00 and gave the stock an “overweight” rating in a research note on Monday, June 24th.
View Our Latest Stock Analysis on FHN
Institutional Investors Weigh In On First Horizon
First Horizon Trading Down 1.2 %
FHN stock opened at $15.97 on Thursday. The company has a market capitalization of $8.73 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 3.09 and a beta of 0.88. First Horizon has a one year low of $10.08 and a one year high of $17.46. The company’s 50 day moving average price is $15.97 and its two-hundred day moving average price is $15.45. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 0.95.
First Horizon (NYSE:FHN – Get Free Report) last posted its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). First Horizon had a return on equity of 8.84% and a net margin of 14.03%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $819.82 million. During the same period last year, the business posted $0.39 earnings per share. As a group, analysts predict that First Horizon will post 1.46 earnings per share for the current fiscal year.
First Horizon Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a $0.15 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.76%. First Horizon’s dividend payout ratio is currently 41.96%.
First Horizon Company Profile
First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through Regional Banking and Specialty Banking segments. It offers general banking services for consumers, businesses, financial institutions, and governments.
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