Marsh & McLennan Cos. Hits New 52-Week High at $48.58 (MMC)
Shares of Marsh & McLennan Cos. (NYSE:MMC) hit a new 52-week high on Thursday, Stock Ratings News reports. The company traded as high as $48.58 and last traded at $48.54, with a volume of 957,208 shares trading hands. The stock had previously closed at $48.15.
A number of research firms have recently commented on MMC. Analysts at Citigroup Inc. initiated coverage on shares of Marsh & McLennan Cos. in a research note to investors on Friday, December 6th. They set a “hold” rating and a $52.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at UBS AG raised their price target on shares of Marsh & McLennan Cos. from $46.00 to $52.00 in a research note to investors on Thursday, December 5th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Marsh & McLennan Cos. in a research note to investors on Friday, November 22nd. They now have a $50.00 price target on the stock. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $47.13.
Marsh & McLennan Cos. has a 52-week low of $34.43 and a 52-week high of $48.56. The stock’s 50-day moving average is $47.76 and its 200-day moving average is $44.17. The company has a market cap of $26.643 billion and a P/E ratio of 20.42.
Marsh & McLennan Cos. (NYSE:MMC) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts predict that Marsh & McLennan Cos. will post $2.47 earnings per share for the current fiscal year.
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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