Marsh & McLennan Cos. Rating Reiterated by Zacks (MMC)
Marsh & McLennan Cos. (NYSE:MMC)‘s stock had its “neutral” rating reaffirmed by Zacks in a report released on Monday, Stock Ratings Network reports. They currently have a $46.00 price target on the stock. Zacks‘ price objective would suggest a potential upside of 7.05% from the stock’s previous close.
Shares of Marsh & McLennan Cos. (NYSE:MMC) traded down 1.31% during mid-day trading on Monday, hitting $42.97. 2,525,105 shares of the company’s stock traded hands. Marsh & McLennan Cos. has a 52-week low of $33.09 and a 52-week high of $44.63. The stock’s 50-day moving average is $42.64 and its 200-day moving average is $40.49. The company has a market cap of $23.617 billion and a price-to-earnings ratio of 18.65.
Marsh & McLennan Cos. (NYSE:MMC) last released its earnings data on Wednesday, August 7th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.61 earnings per share. Marsh & McLennan Cos.’s revenue was up 2.0% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Shareholders 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 2.33%. The ex-dividend date of this dividend is Wednesday, October 9th.
A number of other firms have also recently commented on MMC. Analysts at Raymond James downgraded shares of Marsh & McLennan Cos. from a “strong-buy” rating to an “outperform” rating in a research note to investors on Monday. Separately, analysts at Miller Tabak downgraded shares of Marsh & McLennan Cos. from a “buy” rating to a “hold” rating in a research note to investors on Friday. They now have a $44.80 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Marsh & McLennan Cos. from $41.00 to $45.00 in a research note to investors on Thursday, September 26th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $43.07.
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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