Analyst Ratings for First Merchants Corp. (FRME)

Updated: 2017-07-27

Shares of First Merchants Corp. (NASDAQ:FRME) have received a consensus rating of Overweight from Wall Street analysts. A consensus rating of Overweight was previously issued for FRME last month.

6 analysts issued ratings on the stock, where 3 gave FRME a buy rating, 0 issued an overweight rating, 3 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 0.

Several price targets were given for FRME by the analysts covering the stock. The most optimistic price target was 48, which equates to a potential upside of 19.58 percent. The minimum price target given was 41, implying potential capital losses of 2.14 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0.93 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.44 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.03 percent.

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 0 analysts revised their estimates downwards. During this time, 0 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.

FRME has an estimated earnings growth rate of 6.7 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of FRME is 2.85.

In the last 52-weeks, FRME has achieved a high of 43.48 and a low of 25.84. Today's price is 55.34 percent above the 52-week low, and 7.68 percent lower than its 52-week high. FRME has a price/earnings ratio of 19.1. Investors typically compare the P/E ratio to a company's peers in the industry. The FRME value stock report compares FRME to some of its peers using value stock charts. The stock has a market capitalization of $1.93 billion. FRME's next earnings release will be on 0000-00-00, which is days away.