11 analysts have expressed a variety of opinions on First Horizon (NYSE:FHN) over the past quarter, offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 7 | 3 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 3 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 3 | 3 | 0 | 0 |
Analysts have recently evaluated First Horizon and provided 12-month price targets. The average target is $17.5, accompanied by a high estimate of $19.00 and a low estimate of $16.00. This current average has increased by 5.11% from the previous average price target of $16.65.
Deciphering Analyst Ratings: An In-Depth Analysis
An in-depth analysis of recent analyst actions unveils how financial experts perceive First Horizon. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Casey Haire | Jefferies | Raises | Buy | $18.00 | $17.00 |
| John Pancari | Evercore ISI Group | Lowers | Outperform | $17.50 | $18.50 |
| Jared Shaw | Barclays | Raises | Overweight | $19.00 | $18.00 |
| Brady Gailey | Keefe, Bruyette & Woods | Maintains | Outperform | $18.00 | $18.00 |
| Russell Gunther | Stephens & Co. | Maintains | Overweight | $19.00 | $19.00 |
| David George | Baird | Raises | Neutral | $16.00 | $15.00 |
| David George | Baird | Raises | Neutral | $16.00 | $15.00 |
| David Chiaverini | Wedbush | Maintains | Outperform | $17.00 | - |
| Timur Braziler | Wells Fargo | Raises | Equal-Weight | $16.00 | $14.00 |
| Jon Arfstrom | RBC Capital | Raises | Outperform | $18.00 | $16.00 |
| Brady Gailey | Keefe, Bruyette & Woods | Raises | Outperform | $18.00 | $16.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to First Horizon. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of First Horizon compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of First Horizon's stock. This comparison reveals trends in analysts' expectations over time.
For valuable insights into First Horizon's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on First Horizon analyst ratings.
Get to Know First Horizon Better
First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The regional bank is responsible for roughly 65% of its revenue, while capital markets make a 25% contribution. The remainder is split between the firm's non-strategic (wind-down) and corporate operations. First Horizon concentrates on offering a variety of banking products mainly in its home state, where it has the second- largest deposit franchise with a 13% deposit market share.
First Horizon: A Financial Overview
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Challenges: First Horizon's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -4.66%. This indicates a decrease in top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: First Horizon's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 23.06%, the company may face hurdles in effective cost management.
Return on Equity (ROE): First Horizon's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.19%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): First Horizon's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.23%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: First Horizon's debt-to-equity ratio is below the industry average. With a ratio of 0.21, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Understanding the Relevance of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.