Firstmerit Corp Given Consensus Rating of “Buy” by Analysts (NASDAQ:FMER)
Firstmerit Corp (NASDAQ:FMER) has earned an average rating of “Buy” from the ten analysts that are covering the stock, Stock Ratings News reports. Four research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $23.84.
FMER has been the subject of a number of recent research reports. Analysts at Sterne Agee initiated coverage on shares of Firstmerit Corp in a research note on Wednesday, July 9th. They set a “neutral” rating on the stock. Separately, analysts at JPMorgan Chase & Co. set a $22.00 price target on shares of Firstmerit Corp in a research note on Wednesday, July 9th. They now have an “overweight” rating on the stock. Finally, analysts at Zacks upgraded shares of Firstmerit Corp from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 10th. They now have a $20.70 price target on the stock.
Shares of Firstmerit Corp (NASDAQ:FMER) traded up 0.73% during mid-day trading on Tuesday, hitting $19.39. The stock had a trading volume of 95,212 shares. Firstmerit Corp has a 1-year low of $18.50 and a 1-year high of $23.51. The stock’s 50-day moving average is $19.48 and its 200-day moving average is $20.35. The company has a market cap of $3.206 billion and a price-to-earnings ratio of 16.42.
Firstmerit Corp (NASDAQ:FMER) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.05. During the same quarter in the previous year, the company posted $0.33 earnings per share. On average, analysts predict that Firstmerit Corp will post $1.46 earnings per share for the current fiscal year.
FirstMerit Corporation (NASDAQ:FMER) is a bank holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.