Trending Stock: First Horizon National Corporation (FHN)

Xavier Trudeau
Juillet 17, 2017

Shares of Horizon Global Corporation (NYSE HZN) traded up 3.40% during midday trading on Wednesday, hitting $14.29.

HZN has been the subject of a number of recent research reports.

First Horizon National Corporation (FHN) has the market capitalization of $4.1 Billion. Deutsche Bank AG reiterated a "hold" rating on shares of First Horizon National Corporation in a research note on Monday, July 3rd. Barclays PLC reduced their target price on First Horizon National Corporation from $21.00 to $20.00 and set an "equal weight" rating for the company in a report on Wednesday, April 19th.

CJS Securities initiated coverage on the stock with an initial rating of "Market Perform". Company shares last traded at $14.56 a bit lower than $14.70, the 50 day moving average and just a bit lower than the 200 day moving average of $17.05. Its down -0.17, from 1.25 in 2016Q3. (NYSE:PE) stock price started the day at $28.30 and moved between $28.28 - 28.80 to finally close at $28.71.

Let's have a look at some of the important valuation ratios of the First Horizon National Corporation (FHN). After $0.23 actual EPS reported by First Horizon National Corp for the previous quarter, Wall Street now forecasts 21.74 % EPS growth. Horizon Global Corporation had a positive return on equity of 11.48% and a negative net margin of 3.46%. The firm had revenue of $203.28 million for the quarter, compared to analysts' expectations of $204.90 million. Accern also gave news articles about the company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. Likewise, the positive performance for the quarter was recorded as 0.91% and for the year was 22.64%, while the YTD performance remained at -11.19%. Analysts anticipate that Horizon Global Corporation will post $0.98 EPS for the current year.

TRADEMARK VIOLATION WARNING: This news story was reported by Transcript Daily and is owned by of Transcript Daily. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and worldwide trademark & copyright legislation. The legal version of this news story can be viewed at https://transcriptdaily.com/2017/07/17/horizon-global-corporation-nysehzn-shares-sold-by-first-trust-advisors-lp-updated.html. This represents a $0.36 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Wednesday, June 7th. First Horizon National Corporation's dividend payout ratio (DPR) is presently 32.43%.

In other news, Director Vicki R. Palmer sold 5,211 shares of the firm's stock in a transaction that occurred on Thursday, June 15th. The stock was bought at an average price of $13.97 per share, with a total value of $27,940.00. Following the transaction, the director now directly owns 57,818 shares of the company's stock, valued at $1,020,487.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Several institutional investors have recently modified their holdings of the company. Finally, TheStreet raised shares of Horizon Global Corporation from a d rating to a c- rating in a research report on Friday, May 26th. Janus Capital Management LLC now owns 116,300 shares of the financial services provider's stock valued at $2,327,000 after buying an additional 43,000 shares during the last quarter. Glen Harbor Capital Management LLC raised its stake in shares of First Horizon National Corporation by 16.1% in the first quarter. Glen Harbor Capital Management LLC now owns 10,164 shares of the financial services provider's stock worth $188,000 after buying an additional 1,408 shares during the period. Renaissance Technologies LLC boosted its position in Horizon Global Corporation by 31.6% in the fourth quarter.

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).

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