Analyst Ratings for Firstmerit Corp (FMER)Updated: 2016-08-17
Several price targets were given for FMER by the analysts covering the stock. The maximum price target given was 23, implying a possible profit of 6.43 percent. The minimum price target given was 20, implying potential capital losses 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.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 1.43 percent. 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 have revised their quarterly estimates upwards in the past 30 days, while 2 analysts revised their estimates downwards. 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.
Analysts estimate earnings of FMER to grow at a rate of 7.29 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. FMER has a PEG ratio of 2.24.
FMER has a 52-week high of 23.15 and a 52-week low of 15.33. Currently the stock is 40.97 percent higher than its low, and below the high by 6.65 percent. FMER has a price/earnings 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 stock has a market capitalization of $3.65 billion. FMER is estimated to release their earnings results for the quarter on 2016-10-25, days from today.