First Horizon Corp (NYSE: FHN) has reported E.P.S. of $0.33 for its first fiscal quarter (ending March 31) versus $0.45 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $1.46 compared to $1.72 a year ago.
Recent Price Action
First Horizon Corp (NYSE: FHN) stock closed at $14.17 on 4/17/24 after an increase of 1.9%. Moreover, trading volume in this advance was above average at 141% of normal. The stock has declined -5.7% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, FHN is expected to continue to be an important Value Builder.
First Horizon has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. First Horizon has a good Appreciation Score of 71 and a very high Power Rating of 90, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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