U.S. Markets open in 3 hrs 11 mins
  • S&P Futures

    3,634.25
    +7.00 (+0.19%)
     
  • Dow Futures

    29,886.00
    +58.00 (+0.19%)
     
  • Nasdaq Futures

    12,197.25
    +45.00 (+0.37%)
     
  • Russell 2000 Futures

    1,842.80
    -1.80 (-0.10%)
     
  • Crude Oil

    45.17
    -0.54 (-1.18%)
     
  • Gold

    1,812.90
    +1.70 (+0.09%)
     
  • Silver

    23.36
    -0.09 (-0.37%)
     
  • EUR/USD

    1.1923
    +0.0010 (+0.0835%)
     
  • 10-Yr Bond

    0.8780
    -0.0040 (-0.45%)
     
  • Vix

    21.41
    -0.23 (-1.06%)
     
  • GBP/USD

    1.3366
    +0.0009 (+0.0682%)
     
  • USD/JPY

    103.9930
    -0.2570 (-0.2465%)
     
  • BTC-USD

    16,760.52
    -406.13 (-2.37%)
     
  • CMC Crypto 200

    327.69
    -42.83 (-11.56%)
     
  • FTSE 100

    6,318.43
    -44.50 (-0.70%)
     
  • Nikkei 225

    26,644.71
    +107.40 (+0.40%)
     

Is It Too Late To Consider Buying First Horizon National Corporation (NYSE:FHN)?

Simply Wall St
·3 min read

First Horizon National Corporation (NYSE:FHN), operating in the financial services industry based in United States, saw a double-digit share price rise of over 10% in the past couple of months on the NYSE. With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. However, what if the stock is still a bargain? Today I will analyse the most recent data on First Horizon National’s outlook and valuation to see if the opportunity still exists.

View our latest analysis for First Horizon National

What is First Horizon National worth?

Great news for investors – First Horizon National is still trading at a fairly cheap price. According to my valuation, the intrinsic value for the stock is $14.61, which is above what the market is valuing the company at the moment. This indicates a potential opportunity to buy low. Although, there may be another chance to buy again in the future. This is because First Horizon National’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. If the market is bearish, the company's shares will likely fall by more than the rest of the market, providing a prime buying opportunity.

What does the future of First Horizon National look like?

NYSE:FHN Past and Future Earnings May 15th 2020
NYSE:FHN Past and Future Earnings May 15th 2020

Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. With profit expected to more than double over the next couple of years, the future seems bright for First Horizon National. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.

What this means for you:

Are you a shareholder? Since FHN is currently undervalued, it may be a great time to accumulate more of your holdings in the stock. With a positive outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as financial health to consider, which could explain the current undervaluation.

Are you a potential investor? If you’ve been keeping an eye on FHN for a while, now might be the time to enter the stock. Its buoyant future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy FHN. But before you make any investment decisions, consider other factors such as the track record of its management team, in order to make a well-informed investment decision.

Price is just the tip of the iceberg. Dig deeper into what truly matters – the fundamentals – before you make a decision on First Horizon National. You can find everything you need to know about First Horizon National in the latest infographic research report. If you are no longer interested in First Horizon National, you can use our free platform to see my list of over 50 other stocks with a high growth potential.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.