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 highest price target was 48, which equates to a potential upside of 19.58 percent. The lowest price target was 41, which equates to a potential downside of 2.14 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

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. If we look at the last 90 days instead, we find a net average change of 2.03 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 0 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of FRME to grow at a rate of 6.7 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of FRME is 2.85.

FRME has traded between a high of 43.48 and a low of 25.84 over the past year. Currently the stock is 55.34 percent higher than its low, and 7.68 percent below the 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 market cap of FRME is $1.93 billion. FRME's next earnings release will be on 0000-00-00, which is days away.