Raymond James analyst Michael Rose on Monday maintained a buy rating on First Horizon (NYSE: FHN) with a target price of $ 18, roughly 62.45% above its current share price of $ 11.08.
Rose expects First Horizon to post earnings per share (EPS) of $ 0.17 for the fourth quarter of 2020.
The current consensus among 4 TipRanks analysts is a strong buy rating on First Horizon stocks with an average price target of $ 12.
Analysts’ price targets range from a high of $ 12 to a low of $ 12.
In its most recent earnings report released on 6/30/2020, the company reported quarterly sales of $ 499.96 million and net income of $ 0. The company’s market capitalization is $ 5.84 billion.
According to TipRanks.com, Raymond James analyst Michael Rose is currently rated 3 stars on a 0-5 star ranking with an average return of 2.2% and a success rate of 54.01%.
First Horizon National Corp. is a financial holding company that provides checking accounts, savings products, mortgage banking, loans and finance to individuals and businesses. The company operates in four segments: Regional Banking, Fixed Income, Corporate and Non-Strategic. The Regional Banking segment provides financial products and services, including traditional loans and deposits, to retail and business customers. The Fixed Income segment offers financial services for custodian and non-custodian institutions through the sale and distribution of fixed-income securities, loan sales, portfolio advice and the sale of derivatives. The Corporate segment consists of unallocated corporate expenses, subordinated debt issuance expenses, bank-owned life insurance, unallocated interest income related to excess equity, net capital increase impact, income and expenses related to deferred compensation plans, fund management and tax credit investment activities, profits from the amortization of Debt, acquisition-related costs and various charges related to restructuring and repositioning. The non-strategic segment includes the handling of national consumer credit activities, credit portfolios, service lines and other discontinued products. The company was founded by Frank S. Davis in 1864 and is headquartered in Memphis, TN.
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