First Horizon National Corporation (FHN): Valuation Appears To Be A Smart Buy

Wall Street analysts will be watching closely when First Horizon National Corporation (NYSE:FHN) reports its quarterly earnings next, which is scheduled for Fri 18 Jan (In 5 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.38 per share. In the preceding quarter, the company reportedly generated EPS of $0.36 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 80.70%, a profit margin of 27.20% and a gross margin of .

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of First Horizon National Corporation (NYSE:FHN). Most recently, on January 7th, 2019, Raymond James Downgrade a Mkt Perform rating. Before that, on December 20th, 2018, Robert W. Baird Initiated to Neutral. Deutsche Bank Upgrade a Buy rating on November 13th, 2018, Raymond James Downgrade an Outperform rating on July 18th, 2018, and Hovde Group Upgrade a Outperform rating on June 29th, 2018.

At its current price point, combined with the fact that this company has 323.03M shares outstanding, the current market capitalization sits at 4.60B. In the last trading day, 2,952,672 shares of First Horizon National Corporation were traded, which compares to its usual volume of about 4.01M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $0.42 in the past five trading days, resulting in a percentage change of +3.04% and a moving average of 14.13. In the past 20 days, its price changed by -$0.13 (which is -0.91%) and the stock’s moving average was 13.44. Looking back a full 50 days, shares of FHN changed by -$1.63 (which is -10.28%) and demonstrated a moving average of 15.00.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 94.60%, a 14-day Stochastic %K score of 96.06% and a 20-day Stochastic %K score of 85.24%. Using a similar metric, First Horizon National Corporation (FHN) shares showed a Stochastic %D of 96.07% over the past 9 days, a Stochastic %D score of 96.73% over the last 14 days, and a 20-day Stochastic %D of 75.03%. Meanwhile, this stock’s MACD Oscillator was 0.39 over the past 9 days, 0.75 over the past two weeks, and 0.78 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $14.23 level. Over the past 12 months, this stock has experienced a high price of $20.75 and a low of $12.30. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from First Horizon National Corporation (NYSE:FHN) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 30,000,599 shares of the company’s stock following the addition of 459,695 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 9.26% stake in First Horizon National Corporation (FHN)’s shares.

Just in the most recent trading day, First Horizon National Corporation (NYSE:FHN) experienced a high price of $14.38 and low point of $13.97. At the end of the last trading session, this stock was at 14.23 per share, following a loss of -$0.08, or 0.28% during the full day.