Merck &’s (MRK) Sell Rating Reiterated at Jefferies Group LLC
Jefferies Group LLC reiterated their sell rating on shares of Merck & Company, Inc. (NYSE:MRK) in a research report released on Friday morning. Jefferies Group LLC currently has a $55.00 price objective on the stock. Jefferies Group also issued estimates for Merck &’s FY2017 earnings at $3.88 EPS.
Several other equities research analysts also recently weighed in on MRK. Zacks Investment Research upgraded shares of Merck & from a sell rating to a hold rating in a research note on Tuesday, October 17th. Citigroup Inc. upgraded shares of Merck & from a neutral rating to a buy rating and set a $72.00 target price for the company in a research note on Wednesday, October 18th. HSBC Holdings plc upgraded shares of Merck & from a reduce rating to a hold rating in a research note on Wednesday, August 9th. BidaskClub downgraded shares of Merck & from a hold rating to a sell rating in a research note on Wednesday, August 9th. Finally, BMO Capital Markets set a $70.00 target price on shares of Merck & and gave the stock a buy rating in a research note on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $70.71.
Merck & (NYSE:MRK) opened at 63.88 on Friday. Merck & has a 1-year low of $58.29 and a 1-year high of $66.80. The stock has a market cap of $174.22 billion, a price-to-earnings ratio of 34.59 and a beta of 0.80. The firm’s 50 day moving average price is $64.57 and its 200-day moving average price is $63.70.
Merck & (NYSE:MRK) last announced its earnings results 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. Merck & had a net margin of 17.14% and a return on equity of 26.02%. The business had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter in the prior year, the firm earned $0.93 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts anticipate that Merck & will post $3.87 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which was paid on Friday, October 6th. Shareholders of record on Friday, September 15th were issued a $0.47 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.88 dividend on an annualized basis and a yield of 2.94%. Merck &’s dividend payout ratio (DPR) is presently 76.11%.
A number of institutional investors have recently modified their holdings of the business. Carnick & Kubik Group LLC purchased a new position in Merck & in the third quarter valued at about $1,379,000. Cordasco Financial Network increased its holdings in Merck & by 9.9% in the third quarter. Cordasco Financial Network now owns 21,435 shares of the company’s stock valued at $1,373,000 after buying an additional 1,930 shares in the last quarter. Financial Consulate Inc. purchased a new position in Merck & in the third quarter valued at about $375,000. Financial Advisory Service Inc. increased its holdings in Merck & by 6.8% in the third quarter. Financial Advisory Service Inc. now owns 13,306 shares of the company’s stock valued at $852,000 after buying an additional 842 shares in the last quarter. Finally, Kistler Tiffany Companies LLC increased its holdings in Merck & by 6.1% in the third quarter. Kistler Tiffany Companies LLC now owns 45,409 shares of the company’s stock valued at $2,908,000 after buying an additional 2,607 shares in the last quarter. 72.86% of the stock is owned by institutional investors.
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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