Merck & Company, Inc. (MRK) Stock Rating Reaffirmed by BMO Capital Markets
Merck & Company, Inc. (NYSE:MRK)‘s stock had its “buy” rating restated by BMO Capital Markets in a report released on Friday. They presently have a $72.00 price objective on the stock. BMO Capital Markets’ price target indicates a potential upside of 12.03% from the stock’s current price.
Several other research firms have also commented on MRK. Credit Suisse Group set a $72.00 price target on Merck & and gave the stock a “buy” rating in a research report on Tuesday, June 6th. BidaskClub lowered Merck & from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Vetr lowered Merck & from a “strong-buy” rating to a “buy” rating and set a $69.99 price target for the company. in a research report on Wednesday, May 17th. Cowen and Company restated a “hold” rating and set a $70.00 price target on shares of Merck & in a research report on Friday, September 1st. Finally, UBS AG raised their price target on Merck & from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $69.56.
Merck & (MRK) opened at 64.27 on Friday. The stock has a market cap of $175.29 billion, a PE ratio of 34.80 and a beta of 0.81. The company’s 50-day moving average price is $62.97 and its 200-day moving average price is $63.73. Merck & has a 12-month low of $58.29 and a 12-month high of $66.80.
Merck & (NYSE:MRK) last issued its quarterly earnings data on Friday, July 28th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.14. The company had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.75 billion. Merck & had a return on equity of 26.02% and a net margin of 17.14%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 earnings per share. On average, equities analysts expect that Merck & will post $3.88 EPS for the current fiscal year.
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Several institutional investors and hedge funds have recently bought and sold shares of the company. Klingenstein Fields & Co. LLC grew its holdings in shares of Merck & by 5.4% during the first quarter. Klingenstein Fields & Co. LLC now owns 446,450 shares of the company’s stock worth $28,368,000 after buying an additional 22,958 shares during the last quarter. First PREMIER Bank grew its holdings in shares of Merck & by 2.7% during the first quarter. First PREMIER Bank now owns 21,475 shares of the company’s stock worth $1,364,000 after buying an additional 570 shares during the last quarter. Agran Libbie grew its holdings in shares of Merck & by 83.0% during the first quarter. Agran Libbie now owns 11,918 shares of the company’s stock worth $757,000 after buying an additional 5,404 shares during the last quarter. Stevens Capital Management LP purchased a new position in shares of Merck & during the first quarter worth about $15,126,000. Finally, Doyle Wealth Management purchased a new position in shares of Merck & during the first quarter worth about $4,652,000. Institutional investors and hedge funds own 73.02% of the company’s stock.
About Merck &
Merck & Co, Inc is a global healthcare company. The Company offers health solutions through its prescription medicines, vaccines, biologic therapies and animal health products. It operates through four segments: Pharmaceutical, Animal Health, Healthcare Services and Alliances. The Company’s Pharmaceutical segment includes human health pharmaceutical and vaccine products marketed either directly by the Company or through joint ventures.
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