Analyst Ratings for Firstmerit Corp (FMER)Updated: 2016-08-17
Investment analysts gave a few price targets for FMER. The highest price target was 23, implying a possible profit of 6.43 percent. The most pessimistic analyst gave a price target of 20, implying a possible loss of -7.45 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
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. 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.
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, which can be compared to the 2 analysts that decreased their estimates. Over the same time period, 3 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.
The growth rate of FMER's earnings is estimated by analysts to be 7.29 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, 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.
In the last 52-weeks, FMER has achieved a high of 23.15 and a low of 15.33. Currently the stock is 40.97 percent higher than its low, and 6.65 percent below the high. 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 market cap of FMER is $3.65 billion. FMER's next earnings release will be on 2016-10-25, which is -880 days away.