There may be various price targets for a stock. Also, various regulatory issues are likely to restrict its business investments, leading to a rise in compliance costs. Sell-side analysts have also provided a consensus recommendation of 2.70 on company shares.
First Horizon National Corporation has a consensus hold rating from 18 Wall Street analysts, and the number of shares now sold short amount to at least 4.07% of shares outstanding. Zacks Investment Research lowered First Horizon National Corp from a "buy" rating to a "hold" rating in a research report on Friday, March 24th. Wells Fargo & Co raised First Horizon National Corp from an "underperform" rating to a "market perform" rating in a report on Monday, January 9th. Finally, Deutsche Bank AG boosted their price objective on First Horizon National Corp from $15.50 to $19.00 and gave the stock a hold rating in a research note on Wednesday, November 30th. Wall Street is only getting more bullish on the stock, with 5 of analysts who cover FHN having a buy-equivalent rating.
Analysts had expected the company to earn $0.23 per share, according figures compiled by Thomson Reuters.
Finally, Hovde Group downgraded shares of First Horizon National Corporation from an "outperform" rating to a "market perform" rating and set a $16.50 target price on the stock.in a research report on Monday, September 26th.
The 50 day moving average of First Horizon National Corporation (NYSE:FHN) is 19.12 whilst its 200 day moving average is 18.45. The short ratio in the company's stock is documented at 3.83 and the short float is around of 4.07%. The highest share price NYSE:FHN shares have reached in the prior twelve months is 20.84 with the lowest being 12.46.
First Horizon National Corp (NYSE:FHN) last announced its quarterly earnings results on Friday, January 13th.
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In recent action, First Horizon National Corporation (FHN) has made a move of -4.65% over the past month, which has come on Strong relative transaction volume. The company had revenue of $319.60 million for the quarter, compared to the consensus estimate of $330.89 million.
The company reported an impressive total revenue of 0 in the last fiscal year. LLC raised its stake in First Horizon National Corporation by 6.7% in the second quarter.
COPYRIGHT VIOLATION NOTICE: This story was posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another website, it was illegally copied and republished in violation of U.S. and worldwide copyright and trademark laws. The correct version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/04/12/fig-partners-equities-analysts-reduce-earnings-estimates-for-first-horizon-national-corp-fhn.html. This is a boost from First Horizon National Corp's previous quarterly dividend of $0.07. The ex-dividend date was Wednesday, December 7th. (NASDAQ:ALIM), its shares were trading at $1.44 a retreat of $0, on the trading floor. First Horizon National Corporation's dividend payout ratio is presently 30.77%.
In other news, EVP John M. Daniel sold 28,987 shares of the firm's stock in a transaction that occurred on Friday, February 3rd. The 52-week range of the share price is from $34.50 - $49.35. Following the completion of the sale, the executive vice president now directly owns 259,042 shares of the company's stock, valued at $5,170,478.32.
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