Analyst Ratings for Firstmerit Corp (FMER)Updated: 2016-08-17
Many analysts weighed in on price targets for FMER. The highest price target was 23, which equates to a potential upside 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. This can be compared with the average change in earnings estimates over the past 3 months, which 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.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts revised their estimates downwards. Also over the last month, 3 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.
Analysts estimate earnings of FMER to grow at a rate of 7.29 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. FMER has a PEG ratio of 2.24.
In the last 52-weeks, FMER has achieved a high of 23.15 and a low of 15.33. The current market price is above the trailing year's low by 40.97 percent, 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 -820 days, on 2016-10-25.