First Horizon National Corp. PT Lowered to $13.50 (FHN)
Stock analysts at Compass Point decreased their price target on shares of First Horizon National Corp. (NYSE:FHN) from $14.50 to $13.50 in a report issued on Monday. The firm currently has a “buy” rating on the stock. Compass Point’s target price would suggest a potential upside of 15.78% from the stock’s previous close.
First Horizon National Corp. (NYSE:FHN) traded down 0.51% on Monday, hitting $11.66. The stock had a trading volume of 2,080,263 shares. First Horizon National Corp. has a 52 week low of $10.60 and a 52 week high of $12.74. The stock’s 50-day moving average is $11.83 and its 200-day moving average is $11.80. The company has a market cap of $2.765 billion and a price-to-earnings ratio of 44.23.
First Horizon National Corp. (NYSE:FHN) last issued its quarterly earnings data on Friday, July 18th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. The company had revenue of $283.69 million for the quarter, compared to the consensus estimate of $284.32 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts predict that First Horizon National Corp. will post $0.70 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on FHN. Analysts at Zacks reiterated a “neutral” rating on shares of First Horizon National Corp. in a research note on Monday, June 9th. They now have a $12.50 price target on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of First Horizon National Corp. in a research note on Tuesday, April 22nd. They now have a $12.50 price target on the stock. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $12.17.
First Horizon National Corporation (NYSE:FHN) is a bank holding company.
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