Shares of Merus NV (NASDAQ:MRUS) have earned a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy rating.

Analysts have set a 1 year consensus price objective of $17.33 for the company and are forecasting that the company will post ($0.51) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Merus NV an industry rank of 92 out of 265 based on the ratings given to its competitors.

Several brokerages recently issued reports on MRUS. Citigroup Inc. initiated coverage on Merus NV in a report on Monday, June 13th. They set a “buy” rating and a $14.00 price target for the company. Wedbush initiated coverage on Merus NV in a research note on Monday, June 13th. They set an “outperform” rating and a $14.00 price target for the company. Guggenheim initiated coverage on Merus NV in a research note on Monday, June 13th. They set a “buy” rating and a $18.00 price target for the company. Zacks Investment Research upgraded Merus NV from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Friday, August 12th. Finally, Jefferies Group reiterated a “buy” rating and set a $19.00 price target on shares of Merus NV in a research note on Wednesday, July 13th.

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Merus NV (NASDAQ:MRUS) remained flat at $10.64 on Tuesday. 2,435 shares of the stock were exchanged. Merus NV has a 1-year low of $7.26 and a 1-year high of $10.89. The stock’s market capitalization is $171.08 million. The company has a 50-day moving average of $9.34 and a 200-day moving average of $8.92.

Merus NV (NASDAQ:MRUS) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.40) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.49) by $0.09. On average, equities research analysts anticipate that Merus NV will post ($2.18) EPS for the current fiscal year.

Large investors have recently modified their holdings of the company. Franklin Resources Inc. acquired a new stake in shares of Merus NV during the second quarter worth $5,192,000. Tekla Capital Management LLC purchased a new position in Merus NV during the second quarter worth approximately $2,113,000. Iguana Healthcare Management LLC purchased a new position in Merus NV during the second quarter worth approximately $1,598,000. Finally, Platinum Investment Management Ltd. purchased a new position in Merus NV during the second quarter worth approximately $559,000.

About Merus NV

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