Merck & Co Sees Unusually Large Options Volume (MRK)
Shares of Merck & Co (NYSE:MRK) was the target of some unusual options trading on Monday. Stock investors acquired 32,843 call options on the company, StockRatingsNetwork.com reports. This represents an increase of 294% compared to the average daily volume of 8,326 call options.
A number of analysts have recently weighed in on MRK shares. Analysts at TheStreet reiterated a “buy” rating on shares of Merck & Co in a research note to investors on Monday. Separately, analysts at Jefferies Group raised their price target on shares of Merck & Co from $51.00 to $54.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Merck & Co in a research note to investors on Tuesday, December 31st. They now have a $52.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Merck & Co currently has an average rating of “Hold” and an average target price of $52.24.
Merck & Co (NYSE:MRK) traded up 6.50% on Monday, hitting $53.12. The stock had a trading volume of 37,290,584 shares. Merck & Co has a 1-year low of $40.83 and a 1-year high of $50.42. The stock has a 50-day moving average of $49.37 and a 200-day moving average of $47.93. The company has a market cap of $155.2 billion and a P/E ratio of 33.52.
Merck & Co (NYSE:MRK) last announced its earnings results on Monday, October 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.04. The company had revenue of $11.03 billion for the quarter, compared to the consensus estimate of $11.19 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Analysts expect that Merck & Co will post $3.50 EPS for the current fiscal year.
Merck & Co, Inc (NYSE:MRK) is a global health care company that delivers health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products, which it markets directly and through its joint ventures.
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