Merck & Co. Research Coverage Started at Deutsche Bank (MRK)
Analysts at Deutsche Bank started coverage on shares of Merck & Co. (NYSE:MRK) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating and a $63.00 price target on the stock. Deutsche Bank’s target price points to a potential upside of 4.65% from the company’s current price. The analysts noted that the move was a valuation call.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Merck & Co. in a research note on Monday, August 18th. They now have a $62.00 price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Merck & Co. from $63.00 to $60.00 in a research note on Monday, August 11th. They now have a “hold” rating on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Merck & Co. in a research note on Thursday, July 31st. They now have a $59.00 price target on the stock, up previously from $56.00. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Merck & Co. has an average rating of “Hold” and a consensus price target of $60.80.
Shares of Merck & Co. (NYSE:MRK) traded up 0.29% during mid-day trading on Wednesday, hitting $60.375. 2,845,542 shares of the company’s stock traded hands. Merck & Co. has a 52 week low of $44.62 and a 52 week high of $60.40. The stock’s 50-day moving average is $58.01 and its 200-day moving average is $57.12. The company has a market cap of $174.2 billion and a P/E ratio of 31.72. Merck & Co. also saw unusually large options trading on Monday. Stock traders acquired 5,003 put options on the company. This is an increase of approximately 111% compared to the average daily volume of 2,366 put options.
Merck & Co. (NYSE:MRK) last issued its quarterly 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 prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts predict that Merck & Co. will post $3.49 earnings per share 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 2.92%. The ex-dividend date is Thursday, September 11th.
In other Merck & Co. news, EVP Adam H. Schechter unloaded 22,000 shares of Merck & Co. stock on the open market in a transaction dated Monday, August 25th. The stock was sold at an average price of $59.70, for a total transaction of $1,313,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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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