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JPMorgan Chase & Co. hoisted their price target on shares of Merck & Co (NYSE:MRK) from $55.00 to $60.00 in a research note issued on Thursday, Analyst Ratings reports. JPMorgan Chase & Co.’s target price suggests a potential upside of 11.59% from the stock’s previous close.

MRK has been the subject of a number of other recent research reports. Analysts at Argus raised their price target on shares of Merck & Co from $54.00 to $62.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, 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. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Merck & Co in a research note to investors on Monday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $55.56.

Shares of Merck & Co (NYSE:MRK) traded up 0.45% on Thursday, hitting $53.77. The stock had a trading volume of 12,246,235 shares. Merck & Co has a 1-year low of $40.83 and a 1-year high of $55.20. The stock’s 50-day moving average is $51.10 and its 200-day moving average is $48.5. The company has a market cap of $157.1 billion and a price-to-earnings ratio of 35.97.

Merck & Co (NYSE:MRK) last posted its quarterly earnings results 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 previous year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. Analysts expect that Merck & Co will post $3.48 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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