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.

A number of analysts gave price targets for FRME. The maximum price target given was 48, implying a possible profit of 19.58 percent. The most pessimistic analyst gave a price target of 41, implying a possible loss 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.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. 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.

The growth rate of FRME's earnings is estimated by analysts to be 6.7 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 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.

In the trailing 52-weeks, FRME hit 43.48 at the highest peak, while it's lowest trading point was 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 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 will post this quarters earnings in days, on 0000-00-00.