Short Term Rating on FirstMerit Corporation (FMER)

FirstMerit Corporation (FMER) : Zacks Investment Research ranks FirstMerit Corporation (FMER) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 2.43, which indicates as a Buy.

FirstMerit Corporation (FMER) : The consensus price target for FirstMerit Corporation (FMER) is $20.63 for the short term with a standard deviation of $2.66. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $25, however, the pessimist price target for the company is $18.

Company shares have received an average consensus rating of Hold for the current week


FirstMerit Corporation (NASDAQ:FMER): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.27 and $20.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.51, notching a gain of 2.24% for the day. The total traded volume was 1,043,061 . The stock had closed at $20.06 on the previous day.

FirstMerit Corporation is a bank holding company. The Companys business consists of owning and supervising its affiliates. The Company operates primarily through the Bank and its other subsidiaries, providing a range of banking, fiduciary, financial, insurance and investment services to corporate, institutional and individual customers. It operates in four segments: Commercial, Retail, Wealth and Other. The Commercial segment provides a range of lending, depository, and related financial services. The Retail segment includes consumer lending and deposit gathering, residential mortgage loan origination and servicing, and branch-based small business banking. The Wealth segment offers an array of asset management, private banking, financial planning, estate settlement and administration, credit and deposit products and services. The Other segment includes activities of the parent company, eliminations companies, community development operations and the treasury group.

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