Marsh & McLennan Companies Given Consensus Recommendation of “Buy” by Brokerages (NYSE:MMC)
Shares of Marsh & McLennan Companies (NYSE:MMC) have been given a consensus rating of “Buy” by the fourteen brokerages that are presently covering the company, Analyst Ratings Net reports. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $52.16.
A number of research firms have recently commented on MMC. Analysts at Zacks reiterated a “neutral” rating on shares of Marsh & McLennan Companies in a research note on Wednesday, July 30th. They now have a $55.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Marsh & McLennan Companies in a research note on Wednesday, July 30th. They now have a $55.00 price target on the stock, up previously from $53.00. Finally, analysts at RBC Capital raised their price target on shares of Marsh & McLennan Companies from $56.00 to $57.00 in a research note on Wednesday, July 30th. They now have an “outperform” rating on the stock.
Marsh & McLennan Companies (NYSE:MMC) opened at 52.16 on Wednesday. Marsh & McLennan Companies has a 52 week low of $40.94 and a 52 week high of $53.55. The stock’s 50-day moving average is $51.68 and its 200-day moving average is $49.81. The company has a market cap of $28.392 billion and a price-to-earnings ratio of 20.32.
Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Tuesday, July 29th. The company reported $0.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.04. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter last year, the company posted $0.72 earnings per share. Marsh & McLennan Companies’s revenue was up 6.9% compared to the same quarter last year. Analysts expect that Marsh & McLennan Companies will post $2.80 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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