Merck & Co PT Raised to $62.00 (MRK)
Investment analysts at Argus raised their price objective on shares of Merck & Co (NYSE:MRK) from $54.00 to $62.00 in a note issued to investors on Wednesday, American Banking News reports. The firm currently has a “buy” rating on the stock. Argus’ target price suggests a potential upside of 15.87% from the company’s current price.
MRK has been the subject of a number of other recent research reports. Analysts at SunTrust upgraded shares of Merck & Co from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $62.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Merck & Co in a research note to investors on Monday. Finally, analysts at Morgan Stanley upgraded shares of Merck & Co from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, January 27th. They now have a $60.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given 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 price target of $54.89.
Merck & Co (NYSE:MRK) traded up 0.15% on Wednesday, hitting $53.59. 20,996,268 shares of the company’s stock traded hands. Merck & Co has a 1-year low of $40.83 and a 1-year high of $54.10. The stock has a 50-day moving average of $50.93 and a 200-day moving average of $48.53. The company has a market cap of $156.6 billion and a P/E ratio of 35.96.
Merck & Co (NYSE:MRK) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.88 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.88. The company had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $11.39 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. The company’s quarterly revenue was down 3.6% on a year-over-year basis. On average, analysts predict that Merck & Co will post $3.50 earnings per share 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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