Traders Brace for Comeback of Volatility: First Horizon National Corporation (FHN), Consolidated Edison, Inc. (ED)

Tuesday seemed like a lighter volume day for First Horizon National Corporation (NYSE:FHN), but it might not be harder to recover from. Trade volumes fell to 3.08 million shares compared with 90-day average tally of 3.24 million shares per day. The regular trading on 08-May-18 started at $18.43 but as the session moved on, the stock escalated, closing with a gain of 1.13%. Its shares are currently trading for around $18.72 apiece.

First Horizon National Corporation (FHN): A -6.35% Dop In This Year — But Still Has Room To Grow 19.23%

According to 19 stock analysts, First Horizon National Corporation, is being kept at an average Outperform, rating, with at least 7.35% of shares outstanding that are currently legally short sold. The shares of the corporation went up by 0.38% during the previous month. So far this year, the stock had gone down by -6.35%. With these types of results to display analysts, are more optimistic than before, leading 12 of analysts who cover First Horizon National Corporation (NYSE:FHN) advice their clients to include it in their buy candidate list. However, at the Wall Street, the shares for the company has been tagged a $22.32 price target, indicating that the shares will rally 19.23% from its current levels. At the moment, the stock is trading for about -10.26% less than its 52-week high.

First Horizon National Corporation Last Posted 17.37% Sales Growth

First Horizon National Corporation (FHN) has so far tried and showed success to beat the consensus-estimated $0.31, with their earning staying at $0.34 per share. This was revealed in their last financial report. Their revenue meanwhile grew by 17.37% from the last quarter, totaling $440.46 million.

FHN Is 0.51% Away From SMA20

The shares of the company (FHN) staged the smart recovery as has roared back some 18.18% after stumbling to its new 52-weeks low. The share price volatility of the stock remained at 2.31% for the month and by reducing the timeframe to just a week, the volatility stood at 2.08%. As for the shares, it has gone above the 20 days moving average and is now hovering within a distance of 0.51%. Currently the price is sitting at -1.8% lower than its 50 days moving average. Analyzing the last five market sessions, the stock was able to report 1.68% gains, thus going down by -0.83%, compared with its 200-day moving average of $19.35. Also, a 3.31% expansion in First Horizon National Corporation (FHN) witnessed over the past one year opens up opportunity to go after even more gains

Consolidated Edison, Inc. (NYSE:ED) Has 1 Buy or Better Ratings

Consolidated Edison, Inc. (ED) was also brought into the spotlight with a -$2.13 drop. As the regular session came to an end, the price changed by -2.72% to $76.23. The trading of the day started with the price of the stock at $78.13. However, at one point, in the middle of the day, the price touched a high of $78.13 before it finally returned some of the gains. Analyzing ED this week, analysts seem to be content with keeping to their bleak forecast call at 3.4. Consolidated Edison, Inc. analysts gave 1 buy-equivalent recommendations, 2 sells and 8 holds. This company shares tumbled -15.02% from their most recent record high of $89.70 and now hold $23.68 billion in market value of equity.

Consolidated Edison, Inc. Underpriced by 12.16%

ED’s mean recommendation on Reuter’s scale has so far not been altered from 3.44 thirty days ago to 3.44 now. This is an indication of a sell consensus from the analysts’ society. They expect that Consolidated Edison, Inc. (ED) price will be reaching a mean target of $77.81 a share. This implies that they believe the stock has what it takes to lift the price another 2.07%. The recent close goes a long way in suggesting that the stock price is being underpriced by a 12.16% compared to the most bullish target.

Consolidated Edison, Inc. (ED) Returns -10.26% This Year

The company during the last trade was able to reach a volume of 1.98 million shares. That activity is comparable to their recent volume average trend of nearly 1.91 million shares which they recorded over a period of three months. The stock price volatility for last week at the close of regular trading was 1.45%, pushing the figure for the whole month to now reaching 1.78%. Consolidated Edison, Inc. price was kept to a minimum $76.09 in intra-day trade and has returned -10.26% this year alone. At a certain point in the past four quarters, the shares traded as low as $73.73 but made a 3.39% recovery since then.

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