First Merchants Corp (NASDAQ: FRME). Extremely significant positive changes in investment behavior have recently occurred: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
Notable positive changes in First Merchants Corp (NASDAQ: FRME) fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, FRME is expected to continue to be a Value Builder.
First Merchants has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. First Merchants has a neutral Power Rating of 53 but a good Appreciation Score of 81, producing the Positive Value Trend Rating.
Recent Price Action
On 7/15/24, First Merchants Corp (NASDAQ: FRME) stock enjoyed a large increase of 3.8%, closing at $36.72. Trading volume in this advance was normal. The stock has performed in line with the market over the last nine months and has risen 13.4% during the last week.
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