Marsh & McLennan Companies Now Covered by Analysts at Evercore Partners (MMC)
Equities research analysts at Evercore Partners began coverage on shares of Marsh & McLennan Companies (NYSE:MMC) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock.
A number of other analysts have also recently weighed in on MMC. Analysts at Zacks reiterated a “neutral” rating on shares of Marsh & McLennan Companies in a research note on Monday, May 5th. They now have a $51.00 price target on the stock. Finally, 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. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $48.23.
In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 25,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $51.68, for a total transaction of $1,292,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Marsh & McLennan Companies (NYSE:MMC) traded up 0.10% on Wednesday, hitting $51.65. The stock had a trading volume of 1,694,210 shares. Marsh & McLennan Companies has a 52 week low of $40.32 and a 52 week high of $52.39. The stock’s 50-day moving average is $50.9 and its 200-day moving average is $48.88. The company has a market cap of $28.387 billion and a price-to-earnings ratio of 20.75.
Marsh & McLennan Companies (NYSE:MMC) last released its earnings data on Friday, May 2nd. The company reported $0.81 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts expect that Marsh & McLennan Companies will post $2.78 EPS for the current fiscal year.
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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