Analyst Ratings for Firstmerit Corp (FMER)Updated: 2016-08-17
A number of analysts gave price targets for FMER. The maximum price target given was 23, implying potential capital gains of 6.43 percent. The most pessimistic analyst gave a price target of 20, which equates to a potential downside of -7.45 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is 1.43 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of 1.83 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 2 analysts that decreased their estimates. During this time, 3 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
FMER has an estimated earnings growth rate of 7.29 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers 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 will post this quarters earnings in -942 days, on 2016-10-25.