Morgan Stanley analyst Ken Zerbe maintained a Hold rating on First Horizon (FHN) today and set a price target of $18. The company’s shares closed yesterday at $14.48, close to its 52-week low of $14.45.
According to TipRanks.com, Zerbe is a 4-star analyst with an average return of 9.9% and a 60.0% success rate. Zerbe covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Huntington Bancshares Inc, and People’s United Financial.
Currently, the analyst consensus on First Horizon is a Moderate Buy with an average price target of $19.33.
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First Horizon’s market cap is currently $4.69B and has a P/E ratio of 12.59. The company has a Price to Book ratio of 1.08.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FHN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
First Horizon National Corp. operates as a financial holding company, which offers checking accounts, savings products, mortgage banking, lending, and financing to individuals and businesses. It operates the business through four segments: Regional Banking, Fixed Income, Corporate, and Non-strategic.
