Why First Horizon National (FHN) is a Top Value Stock for the Long-Term

In This Article:

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Why Investors Should Pay Attention to This Value Stock

Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.

First Horizon National (FHN)

First Horizon Corporation is a financial services company based in Memphis, TN. It provides diversified financial services, mainly via its principal subsidiary First Horizon Bank. First Horizon Bank's principal divisions and subsidiaries operate under the brands of First Horizon Bank, IBERIABANK, First Horizon Advisors and FHN Financial. The company offers regional banking, mortgage lending, title insurance, specialized commercial lending, commercial leasing and equipment financing, brokerage, wealth management and capital market services.

FHN boasts a Value Style Score of A and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Shares of First Horizon National are trading at a forward earnings multiple of 12.8X, as well as a PEG Ratio of 1.4, a Price/Cash Flow ratio of 12X, and a Price/Sales ratio of 2.1X.

A company's earnings performance is important for value investors as well. For fiscal 2024, one analyst revised their earnings estimate higher in the last 60 days for FHN, while the Zacks Consensus Estimate has increased $0.01 to $1.50 per share. FHN also holds an average earnings surprise of 3.5%.

Investors should take the time to consider FHN for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

First Horizon Corporation (FHN) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research