First Merchants (FRME)
(Real Time Quote from BATS)
$39.48 USD
+0.08 (0.20%)
Updated Oct 17, 2024 03:08 PM ET
3-Hold of 5 3
C Value F Growth C Momentum D VGM
First Merchants (FRME) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$44.00 | $50.00 | $38.00 | 11.68% |
Price Target
Based on short-term price targets offered by six analysts, the average price target for First Merchants comes to $44.00. The forecasts range from a low of $38.00 to a high of $50.00. The average price target represents an increase of 11.68% from the last closing price of $39.40.
Analyst Price Targets (6 )
Broker Rating
First Merchants currently has an average brokerage recommendation (ABR) of 2.00 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by six brokerage firms. The current ABR compares to an ABR of 2.00 a month ago based on six recommendations.
Of the six recommendations deriving the current ABR, two are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 33.33% and 33.33% of all recommendations. A month ago, Strong Buy made up 33.33%, while Buy represented 33.33%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 2 | 2 | 2 | 2 | 3 |
Buy | 2 | 2 | 2 | 2 | 2 |
Hold | 2 | 2 | 2 | 2 | 0 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 |
ABR | 2.00 | 2.00 | 2.00 | 2.00 | 1.40 |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Analyst Upgrades/Downgrades
Date | Brokerage Firm | Analyst | Previous | Current |
---|---|---|---|---|
8/28/2024 | Raymond James | Daniel Tamayo | Moderate Buy | Moderate Buy |
8/12/2024 | Hovde Group | Brendan Nosal | Not Available | Hold |
8/7/2024 | Stephens | Terry J Mcevoy | Strong Buy | Hold |
7/29/2024 | Piper Sandler | Nathan Race | Strong Buy | Strong Buy |
7/29/2024 | Keefe Bruyette & Woods | Damon P Delmonte | Moderate Buy | Moderate Buy |
4/25/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Average Brokerage Rating
Current ABR | 2.00 |
ABR (Last week) | 2.00 |
# of Recs in ABR | 6 |
Average Target Price | $44.00 |
LT Growth Rate | NA |
Industry | Banks - Midwest |
Industry Rank by ABR | 78 of 252 |
Current Quarter EPS Est: | 0.91 |
FRME FAQs
First Merchants Corporation (FRME) currently has an average brokerage recommendation (ABR) of 2.00 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 6 brokerage firms.
The average price target for First Merchants Corporation (FRME) is $44.00. The current on short-term price targets is based on 4 reports.
The forecasts for First Merchants Corporation (FRME) range from a low of $38 to a high of $50. The average price target represents a increase of $11.68 from the last closing price of $39.40.
The current UPSIDE for First Merchants Corporation (FRME) is 11.68%
Based on short-term price targets offered by six analysts, the average price target for First Merchants comes to $44.00. The forecasts range from a low of $38.00 to a high of $50.00. The average price target represents an increase of 11.68% from the last closing price of $39.40.