First Horizon National Corp (NYSE:FHN) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 7, 2016
Zacks Investment Research has downgraded First Horizon National Corp (NYSE:FHN) to Hold in a statement released on Friday October 07, 2016.
On 10/4/2016, Zacks Investment Research released a statement on First Horizon National Corp (NYSE:FHN) upped the target price from $0.00 to $17.00 that suggested an upside of 0.11%.
Having a price of $15.61, First Horizon National Corp (NYSE:FHN) traded -0.32% lower on the day. With the last close up 9.06% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. First Horizon National Corp has recorded a 50-day average of $15.17 and a two hundred day average of $14.30. Volume of trade was down over the average, with 943,080 shares of FHN changing hands under the typical 1,995,430
With a total market value of $0, First Horizon National Corp has price-earnings ratio of 17.68 with a one year low of $11.51 and a one year high of $15.78 .
A total of 16 analysts have released a report on First Horizon National Corp. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $14.19.
More About First Horizon National Corp (NYSE:FHN)
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). The Company has four segments: regional banking, fixed income, corporate and non-strategic. The Company's regional banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers in Tennessee and other selected markets. The regional banking segment provides investments and financial planning. The Company's fixed income segment consists of fixed income securities sales, trading, and strategies for institutional clients in the United States and abroad. The Company's corporate segment consists of funds management, tax credit investment activities and gains on the extinguishment of debt, among others. The non-strategic segment offers wind-down national consumer lending activities and mortgage banking elements.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.