Analysts’ Recent Ratings Updates for First Horizon National (FHN)
Several investment firms have updated their stock ratings and price targets on shares of First Horizon National (NYSE: FHN) in the last week:
First Horizon National had its price target lowered by analysts at FBR Capital from $8.00 to $6.50. They now have an “underperform” rating on the stock.
First Horizon National had its “sell” rating re-affirmed by analysts at Compass Point.
First Horizon National ‘s EPS estimates were cut by analysts at Bank of America. They now have an “underperform” rating and a $7.50 price target on the stock.
First Horizon National was upgraded by analysts at Morgan Stanley from an “equalweight” rating to an “overweight” rating.
First Horizon National had its “equalweight” rating re-affirmed by analysts at Barclays Capital.
First Horizon National had its “neutral” rating re-affirmed by analysts at Zacks. They now have a $8.75 price target on the stock.
About First Horizon National Co.:
First Horizon National Corporation (FHN) is a bank holding company. The Company provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank), and its subsidiaries. The Company’s two brands First Tennessee and FTN Financial provide customers with a range of products and services. First Tennessee provides retail and commercial banking services throughout Tennessee. FTN Financial (FTNF) is engaged in fixed income sales, trading, and strategies for institutional clients in the United States and abroad. FHN has four operating business segments: regional banking, capital markets, corporate, and non-strategic. As of December 31, 2011, the Bank had $16.4 billion in total deposits and $16 billion in total net loans.
Shares of First Horizon National Co. traded down 2.69% during mid-day trading on Thursday, hitting $8.505. First Horizon National Co. has a one year low of $5.38 and a one year high of $10.99. The company has a market cap of $2.149 billion and a P/E ratio of 18.72.
First Horizon National last issued its quarterly earnings data on Thursday, April 19th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.01. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts predict that First Horizon National Co. will post $0.06 earnings per share for the current fiscal year.