Analyst Opinion On How To Bet On First Horizon National Corporation (FHN), Cenovus Energy Inc. (CVE)

First Horizon National Corporation (NYSE:FHN) recently saw its volume around 0.77 million shares and on average it trades 3.08 million shares a day. The opening price of $18.72, led it to gain -0.91% to reach $18.44 upon the closing bell.

First Horizon National Corporation (FHN) Analyst Opinion

First Horizon National Corporation has a consensus outperform rating from 17 Wall Street analysts, and the number of shares currently sold short amount to at least 7.89% of shares outstanding. The stock sank -3.25% last month and is down -7.85 this year. Wall Street is only getting more bullish on the stock, with 7 of analysts who cover FHN having a buy-equivalent rating. Analysts have placed a $20.89 price target on First Horizon National Corporation, suggesting a 13.29% gain from recent close. It’s currently trading about -11.52% below its 52-week high.

First Horizon National Corporation Earnings Surprise

First Horizon National Corporation (FHN) surprised the stock market in its last reported earnings when it earned $0.32 a piece versus the consensus-estimated $0.3. Its revenue totaled $339.76 million up 3.47% from the previous quarter.

First Horizon National Corporation (NYSE:FHN) Intraday View

This stock (FHN) is ahead of its 52-week low with 16.41%. Its last month’s stock price volatility remained 1.36% which for the week stands at 1.78%. The share price has moved backward from its 20 days moving average, trading at a distance of -0.56% and stays -1.22% away from its 50 days moving average. Over the last five days, shares have managed 0.77% gains and now is up 1.33% since hitting its 200-day moving average of $17.85. First Horizon National Corporation (FHN) has made its way to a 12-month decline of -1.44%.

Turning to Cenovus Energy Inc. (NYSE:CVE), its shares were trading at $9.77 a gain of $0.06, on the trading floor. The stock, after opening at $9.82, touched a high of $9.87 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.5. Cenovus Energy Inc. has 2 buy ratings, 10 holds and 0 sells even after the stock tumbled -41.91% from its high of $16.82 to a $11.9 billion market value through last close.

Cenovus Energy Inc. (CVE) Consensus Price Target

The company’s consensus rating on Reuter’s scale improved from 2.42 to 2.5 during a month. Analysts set a 12-month price target of $11.11 a share. The target implies a 13.72% spike from where the shares are currently trading. Also, the current price highlights a discount of 125.18% to analysts’ high consensus price target.

Cenovus Energy Inc. (NYSE:CVE) Intraday Trading

The counter witnessed a trading volume of 1.73 million shares versus an average volume of 4.4 million shares during last trading session. Its last month’s stock price volatility remained 2.63% which for the week approaches 3.11%. The lowest price the stock reached in the last trading day was $9.69 and compares with the $6.76 52-week low. The stock recovered 44.53% since its low point and has performed -35.43% year-to-date.

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