$40.01
0.60% today
Nasdaq, Dec 30, 10:00 pm CET
ISIN
US3208171096
Symbol
FRME
Sector
Industry

First Merchants Corporation Target price 2024 - Analyst rating & recommendation

First Merchants Corporation Classifications & Recommendation:

Buy
67%
Hold
33%

First Merchants Corporation Price Target

Target Price $46.00
Price $40.01
Potential
Number of Estimates 6
6 Analysts have issued a price target First Merchants Corporation 2025 . The average First Merchants Corporation target price is $46.00. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 6 analysts: 4 Analysts recommend First Merchants Corporation to buy, 2 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the First Merchants Corporation stock has an average upside potential 2025 of . Most analysts recommend the First Merchants Corporation stock at Purchase.

Sales and Margin forecast 2024, 2025 & 2026

Create a premium account to unlock analyst estimates. Learn more

Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 996.17 661.52
39.89% 33.59%
Net Margin 21.76% 28.71%
30.02% 31.93%

5 Analysts have issued a sales forecast First Merchants Corporation 2024 . The average First Merchants Corporation sales estimate is

$662m
Unlock
. This is
37.37% lower
Unlock
than the revenue of the last 12 months(TTM). The highest sales forecast is
$665m 37.04%
Unlock
, the lowest is
$652m 38.23%
Unlock
.

This results in the following potential growth metrics:

Revenue Estimates

2023 $996m 39.89%
2024
$662m 33.59%
Unlock
2025
$678m 2.44%
Unlock
2026
$705m 3.98%
Unlock

5 First Merchants Corporation Analysts have issued a net profit forecast 2024. The average First Merchants Corporation net profit estimate is

$190m
Unlock
. This is
8.21% higher
Unlock
than the net profit for the last 12 months(TTM). The highest net profit forecast is
$196m 11.59%
Unlock
, the lowest is
$185m 5.30%
Unlock
.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $217m 2.10%
2024
$190m 12.38%
Unlock
2025
$207m 8.78%
Unlock
2026
$216m 4.75%
Unlock

Net Margin

2023 21.76% 30.02%
2024
28.71% 31.93%
Unlock
2025
30.49% 6.20%
Unlock
2026
30.72% 0.75%
Unlock

Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

Create a premium account to unlock analyst estimates. Learn more

Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 3.73 3.27
2.10% 12.33%
P/E 12.32
EV/Sales 5.11

5 Analysts have issued a First Merchants Corporation forecast for earnings per share. The average First Merchants Corporation <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$3.27
Unlock
. This is
8.28% higher
Unlock
than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$3.37 11.59%
Unlock
, the lowest is
$3.18 5.30%
Unlock
.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $3.73 2.10%
2024
$3.27 12.33%
Unlock
2025
$3.56 8.87%
Unlock
2026
$3.72 4.49%
Unlock

P/E ratio

Current 13.33 50.45%
2024
12.32 7.58%
Unlock
2025
11.32 8.12%
Unlock
2026
10.81 4.51%
Unlock

Based on analysts' sales estimates for 2024, the First Merchants Corporation stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 3.20 3.61%
2024
5.11 59.81%
Unlock
2025
4.99 2.39%
Unlock
2026
4.80 3.83%
Unlock

P/S ratio

Current 2.24 4.88%
2024
3.57 59.66%
Unlock
2025
3.48 2.38%
Unlock
2026
3.35 3.83%
Unlock

Register for Free

StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.

The Apple stock at a glance with charts, current key metrics, news and stock analyses.
The Best Dividend Stocks in the Dividend Top Scorer list.
Stock Analyses of the Best Stocks Worldwide.
Start building wealth today