$44.62
0.79% today
Nasdaq, Nov 26, 04:46 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 $44.00
Price $44.97
Deviation
Number of Estimates 6
6 Analysts have issued a price target First Merchants Corporation 2025 . The average First Merchants Corporation target price is $44.00. This is lower 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

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 996.17 661.56
39.89% 33.59%
Net Margin 21.76% 28.45%
30.02% 30.73%

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

$662m
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. This is
37.36% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$665m 37.04%
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, the lowest is
$653m 38.21%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $996m 39.89%
2024
$662m 33.59%
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2025
$676m 2.26%
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2026
$703m 3.95%
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5 First Merchants Corporation Analysts have issued a net profit forecast 2024. The average First Merchants Corporation net profit estimate is

$188m
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. This is
7.22% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$196m 11.59%
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, the lowest is
$185m 5.30%
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.

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

Net Profit Estimates

2023 $217m 2.10%
2024
$188m 13.19%
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2025
$206m 9.28%
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2026
$215m 4.68%
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Net Margin

2023 21.76% 30.02%
2024
28.45% 30.73%
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2025
30.40% 6.85%
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2026
30.61% 0.69%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 3.73 3.24
2.10% 13.14%
P/E 13.89
EV/Sales 5.53

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

$3.24
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. This is
7.28% higher
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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%
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, the lowest is
$3.18 5.30%
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.

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

Earnings Per Share

2023 $3.73 2.10%
2024
$3.24 13.14%
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2025
$3.54 9.26%
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2026
$3.70 4.52%
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P/E ratio

Current 14.90 102.17%
2024
13.89 6.78%
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2025
12.71 8.50%
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2026
12.14 4.48%
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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 3.47 18.43%
2024
5.53 59.43%
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2025
5.41 2.21%
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2026
5.20 3.80%
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P/S ratio

Current 2.50 27.67%
2024
3.99 59.66%
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2025
3.90 2.21%
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2026
3.75 3.79%
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