1 day Ago By ABMN Staff
First Horizon ( NYSE:FHN – Get Free Report ) had its price target lowered by equities researchers at Evercore ISI from $19.50 to $18.50 in a research report issued to clients and investors on Tuesday, Benzinga reports.
The firm currently has an “outperform” rating on the financial services provider’s stock. Evercore ISI’s target price would indicate a potential upside of 17.39% from the stock’s previous close.
Several other brokerages also recently commented on FHN. Barclays boosted their target price on shares of First Horizon from $18.00 to $19.
00 and gave the company an “overweight” rating in a research note on Monday, June 24th. Jefferies Financial Group upped their target price on shares of First Horizon from $17.00 to $18.
00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Robert W. Baird restated a “neutral” rating and set a $16.
00 target price on shares of First Horizon in a research report on Tuesday, August 6th. Royal Bank of Canada upped their target price on shares of First Horizon from $18.00 to $19.
00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Finally, StockNews.com raised First Horizon from a “sell” rating to a “hold” rating in a research note on Saturday, July 20th.
Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.
38. Read Our Latest Analysis on First Horizon First Horizon Trading Down 0.1 % First Horizon ( NYSE:FHN – Get Free Report ) last issued its 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 net margin of 14.03% and a return on equity of 8.
84%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $819.
82 million. During the same quarter in the prior year, the firm posted $0.39 EPS.
On average, analysts expect that First Horizon will post 1.46 EPS for the current year. Hedge Funds Weigh In On First Horizon Hedge funds have recently made changes to their positions in the business.
Crestline Management LP grew its stake in shares of First Horizon by 100.8% during the 4th quarter. Crestline Management LP now owns 400,000 shares of the financial services provider’s stock worth $5,664,000 after acquiring an additional 200,846 shares in the last quarter.
Sei Investments Co. lifted its holdings in First Horizon by 57.6% during the 1st quarter.
Sei Investments Co. now owns 426,792 shares of the financial services provider’s stock valued at $6,573,000 after purchasing an additional 155,982 shares during the last quarter. LSV Asset Management lifted its holdings in First Horizon by 49.
8% during the 1st quarter. LSV Asset Management now owns 13,333,738 shares of the financial services provider’s stock valued at $205,340,000 after purchasing an additional 4,434,929 shares during the last quarter. Greenlight Capital Inc.
lifted its holdings in First Horizon by 6.2% during the 4th quarter. Greenlight Capital Inc.
now owns 1,377,090 shares of the financial services provider’s stock valued at $19,500,000 after purchasing an additional 80,070 shares during the last quarter. Finally, Point72 Europe London LLP bought a new position in First Horizon during the 4th quarter worth $6,785,000. 80.
28% of the stock is owned by institutional investors. About First Horizon ( Get Free Report ) 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. Further Reading Receive News & Ratings for First Horizon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Horizon and related companies with MarketBeat.com's FREE daily email newsletter .
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