Analyst Views On Top Movers In Recent Trade: First Horizon National Corporation (FHN), Companhia Energetica de Minas Gerais (CIG)

First Horizon National Corporation (NYSE:FHN) notched a -0.17% intraday decline moving at $17.77. When the opening bell rang, the price was $17.92. The number of shares that were traded during the day was 3.59 million, which corresponds to its 3-month volume average of 3.45 million shares a day.

First Horizon National Corporation (FHN) Analyst Opinion

First Horizon National Corporation has a consensus outperform rating from 19 Wall Street analysts, and the number of shares currently sold short amount to at least 3.78% of shares outstanding. The stock sank -7.3% last month and is down -11.11 this year. Wall Street is only getting more bullish on the stock, with 13 of analysts who cover FHN having a buy-equivalent rating. Analysts have placed a $22.21 price target on First Horizon National Corporation, suggesting a 24.99% gain from recent close. It’s currently trading about -14.81% 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 $0.34 a piece versus the consensus-estimated $0.31. Its revenue totaled $440.46 million up 17.37% from the previous quarter.

First Horizon National Corporation (NYSE:FHN) Intraday View

This stock (FHN) is ahead of its 52-week low with 12.18%. Its last month’s stock price volatility remained 2% which for the week stands at 1.98%. The share price has moved backward from its 20 days moving average, trading at a distance of -3.67% and stays -5.11% away from its 50 days moving average. Over the last five days, shares have faced 0% losses and now is down -7.39% since hitting its 200-day moving average of $19.19. First Horizon National Corporation (FHN) has made its way to a 12-month gain of 2.36%.

Turning to Companhia Energetica de Minas Gerais (NYSE:CIG), its shares were trading at $1.95 a gain of $0.02, on the trading floor. The stock, after opening at $1.94, touched a high of $1.95 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2. Companhia Energetica de Minas Gerais has 1 buy ratings, 1 holds and 0 sells even after the stock tumbled -32.87% from its high of $2.90 to a $2.78 billion market value through last close.

Companhia Energetica de Minas Gerais (CIG) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 2 to 2 during a month. Analysts set a 12-month price target of $2.87 a share. The target implies a 47.18% spike from where the shares are currently trading. Also, the current price highlights a discount of 65.13% to analysts’ high consensus price target.

Companhia Energetica de Minas Gerais (NYSE:CIG) Intraday Trading

The counter witnessed a trading volume of 2.24 million shares versus an average volume of 4.03 million shares during last trading session. Its last month’s stock price volatility remained 3.2% which for the week approaches 3.82%. The lowest price the stock reached in the last trading day was $1.91 and compares with the $1.66 52-week low. The stock recovered 17.47% since its low point and has performed -5.34% year-to-date.