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BMO Capital Markets boosted their price target on shares of Merck & Co. (NYSE:MRK) from $60.00 to $62.00 in a research note issued on Thursday. BMO Capital Markets’ price objective would suggest a potential upside of 9.15% from the stock’s previous close.

MRK has been the subject of a number of other recent research reports. Analysts at Mainfirst upgraded shares of Merck & Co. from an “underperform” rating to an “outperform” rating in a research note on Monday, July 28th. Separately, analysts at Leerink Swann raised their price target on shares of Merck & Co. from $57.00 to $60.00 in a research note on Tuesday, July 8th. Finally, analysts at Citigroup Inc. raised their price target on shares of Merck & Co. from $44.00 to $57.00 in a research note on Monday, July 7th. They now have a “neutral” rating on the stock. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Merck & Co. presently has an average rating of “Buy” and a consensus target price of $60.57.

Shares of Merck & Co. (NYSE:MRK) traded up 0.11% during mid-day trading on Thursday, hitting $56.80. 10,140,975 shares of the company’s stock traded hands. Merck & Co. has a 1-year low of $44.62 and a 1-year high of $59.84. The stock has a 50-day moving average of $58.21 and a 200-day moving average of $56.46. The company has a market cap of $166.0 billion and a price-to-earnings ratio of 29.89.

Merck & Co. (NYSE:MRK) last released its earnings data on Tuesday, July 29th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.05. The company had revenue of $10.93 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. Analysts expect that Merck & Co. will post $3.49 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 7th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Thursday, September 11th.

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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