Marsh & McLennan Cos. PT Raised to $45.00 at Credit Suisse (MMC)
Equities research analysts at Credit Suisse upped their price target on shares of Marsh & McLennan Cos. (NYSE:MMC) from $41.00 to $45.00 in a research note issued to investors on Thursday, AnalystRatingsNetwork.com reports. Credit Suisse’s price target would indicate a potential upside of 2.34% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Sandler O’Neill raised their price target on shares of Marsh & McLennan Cos. (NYSE:MMC) from $44.00 to $45.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at Guggenheim initiated coverage on shares of Marsh & McLennan Cos. (NYSE:MMC) in a research note to investors on Wednesday, September 18th. They set a “buy” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Marsh & McLennan Cos. (NYSE:MMC) from $47.00 to $48.00 in a research note to investors on Tuesday, August 13th. They now have a “strong-buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Marsh & McLennan Cos. has an average rating of “Buy” and an average target price of $43.17.
Marsh & McLennan Cos. (NYSE:MMC) traded down 0.16% during mid-day trading on Thursday, hitting $43.97. 2,166,399 shares of the company’s stock traded hands. Marsh & McLennan Cos. has a one year low of $33.09 and a one year high of $44.63. The stock’s 50-day moving average is $42.29 and its 200-day moving average is $40.18. The company has a market cap of $24.166 billion and a price-to-earnings ratio of 18.87.
Marsh & McLennan Cos. (NYSE:MMC) last released its earnings data on Wednesday, August 7th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.05. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Analysts expect that Marsh & McLennan Cos. will post $2.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Investors of record on Friday, October 11th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Wednesday, October 9th.
Marsh & McLennan Companies, Inc is a global professional services firm providing advice and solutions in the areas of risk, strategy and human capital.
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