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Research analysts at MKM Partners hoisted their price objective on shares of Merck & Co (NYSE:MRK) from $59.00 to $64.00 in a report released on Tuesday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. MKM Partners’ price target would suggest a potential upside of 20.75% from the stock’s previous close.

MRK has been the subject of a number of other recent research reports. 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, January 9th. 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 investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $52.60.

Merck & Co (NYSE:MRK) traded down 0.23% during mid-day trading on Tuesday, hitting $53.00. The stock had a trading volume of 21,190,840 shares. Merck & Co has a 52-week low of $40.83 and a 52-week high of $53.44. The stock has a 50-day moving average of $49.60 and a 200-day moving average of $48.04. The company has a market cap of $154.9 billion and a P/E ratio of 35.70. Merck & Co also saw some unusual options trading activity on Monday. Traders acquired 32,843 call options on the stock. This represents an increase of 294% compared to the average volume of 8,326 call options.

Merck & Co (NYSE:MRK) last released its earnings data on Monday, October 28th. The company reported $0.92 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.95 earnings per share. The company’s quarterly revenue 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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