Marsh & McLennan Companies Receives Average Recommendation of “Buy” from Analysts (NYSE:MMC)
Shares of Marsh & McLennan Companies (NYSE:MMC) have been given a consensus rating of “Buy” by the sixteen analysts that are covering the company, Stock Ratings News reports. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $49.37.
MMC has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Marsh & McLennan Companies from $54.00 to $56.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Evercore Partners initiated coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, July 9th. They set an “overweight” rating and a $57.00 price target on the stock. Finally, 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.
Shares of Marsh & McLennan Companies (NYSE:MMC) opened at 52.21 on Thursday. Marsh & McLennan Companies has a 52 week low of $40.94 and a 52 week high of $52.39. The stock has a 50-day moving average of $51.25 and a 200-day moving average of $48.96. The company has a market cap of $28.695 billion and a P/E ratio of 20.81.
Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that Marsh & McLennan Companies will post $2.78 earnings per share for the current fiscal year.
In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 25,000 shares of the stock on the open market in a transaction dated Monday, June 30th. The stock was sold at an average price of $51.68, for a total transaction of $1,292,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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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