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, implying a possible profit of 19.58 percent. The lowest price target was 41, which equates to a potential downside of 2.14 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing 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 0.93 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0.44 percent. 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. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.

Analysts estimate earnings of FRME to grow at a rate of 6.7 percent. People on Wall Street often look at a company's 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. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. FRME has a PEG ratio of 2.85.

FRME has traded between a high of 43.48 and a low of 25.84 over the past year. Today's price is 55.34 percent above the 52-week low, and 7.68 percent below the high. FRME has a P/E 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 market cap of FRME is $1.93 billion. FRME's next earnings release will be on 0000-00-00, which is days away.