Analyst Ratings for Firstmerit Corp (FMER)Updated: 2016-08-17
Many analysts weighed in on price targets for FMER. The most optimistic price target was 23, implying potential capital gains of 6.43 percent. The most pessimistic analyst gave a price target of 20, implying a possible loss of -7.45 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes 1.43 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.83 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts revised their estimates downwards. Over the same time period, 3 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
The growth rate of FMER's earnings is estimated by analysts to be 7.29 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of FMER is 2.24.
FMER has traded between a high of 23.15 and a low of 15.33 over the past year. Today's price is 40.97 percent above the 52-week low, and below the high by 6.65 percent. FMER has a P/E ratio of 16.33. Investors typically compare the P/E ratio to a company's peers in the industry. The FMER value stock report compares FMER to some of its peers using value stock charts. The market cap of FMER is $3.65 billion. FMER is estimated to release their earnings results for the quarter on 2016-10-25, days from today.