First Horizon National Corporation (FHN) Boosted by ValuEngine to Purchase

Lloyd Doyle
April 25, 2018

The stock traded on impressive volume of 5.01 Million comparing to the average volume of 3293.39 shares, completing picture of exact trends with uncompleted dots in volume over the norm. The financial services provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. Institutional investors own 86.55% of the company's stock.

The stock increased 1.29% or $0.24 during the last trading session, reaching $18.91. Dearborn Prns Ltd Liability Corp owns 1.35% invested in Assurant, Inc. Noah Holdings Limited (NYSE:NOAH) has risen 88.63% since April 24, 2017 and is uptrending. It has underperformed by 11.55% the S&P500.

Summit Asset Management Llc decreased its stake in First Horizon Natl Corp (FHN) by 21.46% based on its latest 2017Q4 regulatory filing with the SEC. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". Summit Asset Management Llc who had been investing in First Horizon Natl Corp for a number of months, seems to be less bullish one the $6.11B market cap company. It has ranged in price between $18.6-$18.83 after having started the session at $18.75 as compared to the previous trading day's close of $18.65. 2531013 shares traded on hands while it's an average volume stands with 3480.56K shares. The stock of First Horizon National Corporation (NYSE:FHN) has "Buy" rating given on Friday, August 18 by Jefferies. It has underperformed by 9.94% the S&P500. Hexavest stated it has 0% of its portfolio in Assurant, Inc.

Investors sentiment decreased to 0.89 in Q4 2017. It's up 1.71, from 0.95 in 2017Q3.


Profitability Ratios (ROE, ROA, ROI): Looking into the profitability ratios of FHN stock, an investor will find its ROE, ROA, ROI standing at 9.3%, 0.8% and 14.7%, respectively. BlackRock Inc. raised its position in First Horizon National by 27.3% during the fourth quarter. The funds in our database now possess: 262.71 million shares, up from 204.94 million shares in 2017Q3. Given the importance of identifying companies that will ensure earnings per share at a high rate, we later obsession to umpire how to determine which companies will achieve high amassing standards. The stock's 50 day moving average is $17.67 and its 200-day moving average is $19.03.

ANALYSTS VIEWS: The current analyst consensus rating clocked at 2.2 on company shares based on data provided from FINVIZ.

First Horizon National Corporation (NYSE:FHN) is on recovery track with 18.12% gain from a 1-year low price of $15.84. 164,925 were reported by Broadview Advsrs Limited Com. First Horizon National now has an average rating of "Buy" and a consensus price target of $22.17. Stephens maintained First Horizon National Corporation (NYSE:FHN) on Monday, April 16 with "Hold" rating. Investors of record on Friday, March 9th were given a dividend of $0.12 per share. That puts total institutional holdings at 271,328,932 shares, according to SEC filings. Aldebaran has 1.2% invested in First Horizon National Corporation (NYSE:FHN) for 90,467 shares. Asset Management owns 2,184 shares. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Therefore 65% are positive. Kinross Gold Corporation had 64 analyst reports since July 24, 2015 according to SRatingsIntel. The company was maintained on Wednesday, June 14 by Jefferies. RBC Capital Markets has "Outperform" rating and $47 target. Hovde Group downgraded the shares of FHN in report on Monday, September 26 to "Market Perform" rating. Barclays raised their target price on First Horizon National from $21.00 to $23.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 2nd. The rating was upgraded by Wells Fargo to "Outperform" on Thursday, April 5. (NYSE:WM) has "Buy" rating given on Monday, January 22 by BMO Capital Markets. The firm earned "Sector Perform" rating on Monday, October 19 by RBC Capital Markets. RBC Capital Markets maintained the stock with "Hold" rating in Friday, July 7 report. Parnassus Investments CA now owns 6,606,499 shares of the financial services provider's stock worth $132,064,000 after buying an additional 951,931 shares during the last quarter. The company had Year Ago Sales of 328.37 Million. The company's shares were given away at $20.21 per share worth to an income of some $903,528 on account of Kisber Michael E.

First Horizon National (NYSE:FHN) last posted its quarterly earnings data on Friday, April 13th. They expect $0.34 earnings per share, up 25.93 % or $0.07 from last year's $0.27 per share. FHN's profit will be $111.25M for 13.73 P/E if the $0.34 EPS becomes a reality. During the same quarter in the previous year, the company earned $0.23 EPS. The simple reason, all traders are aware of the number of periods and actively watch this average on the price chart. It also reduced its holding in Brookfield Asset Mgmt Inc (NYSE:BAM) by 22,688 shares in the quarter, leaving it with 3.84M shares, and cut its stake in Hca Healthcare Inc (NYSE:HCA). Goldman Sachs Group Inc. now owns 7,660,074 shares of the financial services provider's stock worth $153,125,000 after acquiring an additional 3,709,208 shares during the period.

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