Marsh & McLennan Companies Stock Rating Reaffirmed by Zacks (MMC)
Marsh & McLennan Companies (NYSE:MMC)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued on Monday, AnalystRatingsNetwork.com reports. They currently have a $51.00 target price on the stock. Zacks‘s price objective would indicate a potential upside of 5.24% from the company’s current price.
Shares of Marsh & McLennan Companies (NYSE:MMC) traded up 0.48% during mid-day trading on Monday, hitting $48.695. 594,874 shares of the company’s stock traded hands. Marsh & McLennan Companies has a 52-week low of $37.47 and a 52-week high of $50.48. The stock’s 50-day moving average is $48.82 and its 200-day moving average is $47.62. The company has a market cap of $26.734 billion and a P/E ratio of 19.49.
Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Friday, May 2nd. The company reported $0.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.80 by $0.01. The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter last year, the company posted $0.74 earnings per share. Marsh & McLennan Companies’s revenue was up 4.4% compared to the same quarter last year. On average, analysts predict that Marsh & McLennan Companies will post $2.79 earnings per share for the current fiscal year.
A number of other firms have also recently commented on MMC. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of Marsh & McLennan Companies in a research note on Tuesday, April 15th. They now have a $52.00 price target on the stock. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Marsh & McLennan Companies in a research note on Wednesday, March 12th. They now have a $54.00 price target on the stock, up previously from $51.00. Finally, analysts at UBS AG raised their price target on shares of Marsh & McLennan Companies to $55.00 in a research note on Monday, March 10th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $48.75.
Marsh & McLennan Companies, Inc is a global professional services firm providing advice and solutions in the areas of risk, strategy and human capital.
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