First Horizon National Corporation (FHN): Technical Analysis and analyst Ratings

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First Horizon National Corporation (NYSE:FHN) changes shares on Thursday trading session, with a change of 0.32% or $0.03 shares. The trading starts at $9.30 and closed at $9.31 throughout the day. The trading session low price was $9.23 and day high was $9.46 on Thursday, August 06. After the session, the Financial sector daily volume shifted to 4.69 million while its average volume is 7.40M. In other hand, the FHN market cap reached to $5.22B. While, its current target price is $11.75.

On June 15, 2020, Deals of the day-Mergers and acquisitions. According to the news reported on Reuters, The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -0.21% and up 5.90% for month. Its quarterly performance was 11.86% above, while its half year performance is down -43.84%. FHN yearly performance stood at negative -40.74% and fall -43.60% for year-to-date. Current recommendation for First Horizon National Corporation is 1.90.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. FHN EPS (TTM) for 12-month is 0.93. EPS for this year is -16.30%, while for the next year its value is 1.29. Sales growth for the current quarter is 1.06 while its EPS Q/Q reached -87.60%. It has an EPS of 8.90% up for past five years and for the next five years will be up 9.50%.

Let’s take a look on the analyst recommendations on FHN for the current month and previous month. For the current month, 9 of 12 analysts recommend stock as Buy while 0 as Sell, 2 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $10.00 – $14.00. Average target price for FHN was reached at $11.88.

Blackrock Inc., Vanguard Group, Inc. (The) and FMR, LLC are the top three holders in First Horizon National Corporation (FHN) stock. On Mar 30, 2020, Blackrock Inc. has 34.73 million shares which valued 279.93 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 32.21 million shares which valued at 259.6 million. On Mar 30, 2020, FMR, LLC has a total of 28.03 million shares which valued at 225.92 million. In the end, FMR, LLC have 8.99% shares outstanding of First Horizon National Corporation (FHN) on Mar 30, 2020. The insider ownership moved to 1.70% and institutional holding shifted to 55.30%.

The company posted an EPS (TTM) of 0.93. According to the most recent quarter report on (Sep 2020), 13 analysts estimated an average EPS of 0.23, while 0.43 EPS posted a year ago period. Analyst Estimated EPS for FHN published in the report was -$0.12 – $0.87 during the same period. Comparing with last year, the average estimated EPS was 0.43 which is higher than 0.2 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for FHN fall -24.68% for period of 200 days. SMA for 50 days was -4.06% which is showing red signal, while SMA-20 was 1.28%. The moving average value for First Horizon National Corporation (FHN) is 48.81M and 3.43% for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in FHN stock. On Apr 29, Davidson Wendy P, Director, bought 3,000 trading shares at the cost of $9.51, which valued at 28515.0. On Apr 29, Emkes Mark A, Director, bought 10,000 shares at the cost of $9.42, with total shares of 87,158. On Mar 13, NISWONGER SCOTT M, Director, bought 50,000 shares at the cost of 9.40. After this transaction, NISWONGER SCOTT M total shares reached to 871,273 which valued at 0.47 million.