Merck & Co. Price Target Raised to $70.00 at MKM Partners (MRK)
MKM Partners boosted their price target on shares of Merck & Co. (NYSE:MRK) from $64.00 to $70.00 in a research note issued on Friday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. MKM Partners’ price target suggests a potential upside of 25.34% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Merck & Co. in a research note on Thursday, March 20th. They now have a $59.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Merck & Co. to $57.00 in a research note on Wednesday, March 19th. Finally, analysts at Leerink Swann raised their price target on shares of Merck & Co. from $49.00 to $57.00 in a research note on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $57.64.
Shares of Merck & Co. (NYSE:MRK) traded up 0.61% during mid-day trading on Friday, hitting $56.19. The stock had a trading volume of 11,209,539 shares. Merck & Co. has a 52 week low of $44.60 and a 52 week high of $58.14. The stock has a 50-day moving average of $56.16 and a 200-day moving average of $51.15. The company has a market cap of $165.2 billion and a price-to-earnings ratio of 37.99. Merck & Co. also was the target of some unusual options trading on Thursday. Stock traders purchased 16,474 call options on the company. This is an increase of approximately 131% compared to the average volume of 7,127 call options.
Merck & Co. (NYSE:MRK) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.88 earnings per share (EPS) for the quarter, meeting the 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 $3.43 EPS for the current fiscal year.
In other Merck & Co. news, CEO Kenneth C. Frazier sold 10,047 shares of the company’s stock on the open market in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $57.24, for a total value of $575,090.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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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