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. 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. 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.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. 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.

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. The current market price is above the trailing year's low by 55.34 percent, and below the high by 7.68 percent. 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.