First Merchants Corp (NASDAQ: FRME) stock closed at $43.41 on 11/6/24 after a major increase of 15.8%. Moreover, exceptionally high trading volume at 288% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 16.9% during the last week.
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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. First Merchants has a good Power Rating of 77 and a good Appreciation Score of 80, resulting in the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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