First Horizon National Corp. Rating Increased to Buy at Compass Point (FHN)
First Horizon National Corp. (NYSE:FHN) was upgraded by investment analysts at Compass Point from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $13.00 price target on the stock, up from their previous price target of $11.50. Compass Point’s price objective indicates a potential upside of 16.49% from the company’s current price.
A number of other firms have also recently commented on FHN. Analysts at Wunderlich downgraded shares of First Horizon National Corp. (NYSE:FHN) from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. They now have a $11.00 price target on the stock, down previously from $13.00. Separately, analysts at Guggenheim raised their price target on shares of First Horizon National Corp. (NYSE:FHN) from $12.00 to $13.50 in a research note to investors on Monday, July 29th. Finally, analysts at Deutsche Bank raised their price target on shares of First Horizon National Corp. (NYSE:FHN) from $10.00 to $12.00 in a research note to investors on Thursday, July 25th.
Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $11.11.
First Horizon National Corp. (NYSE:FHN) opened at 11.16 on Thursday. First Horizon National Corp. has a one year low of $8.90 and a one year high of $12.74. The stock’s 50-day moving average is $11.85 and its 200-day moving average is $11.23. The company has a market cap of $2.685 billion and a P/E ratio of 18.27.
First Horizon National Corp. (NYSE:FHN) last posted its quarterly earnings results on Friday, July 19th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.19 by $0.02. During the same quarter in the previous year, the company posted ($0.50) earnings per share. Analysts expect that First Horizon National Corp. will post $0.74 EPS for the current fiscal year.
First Horizon National Corporation (NYSE:FHN) is a bank holding company.
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