Merck & Company, Inc. (MRK) Given a $70.00 Price Target at BMO Capital Markets
Merck & Company, Inc. (NYSE:MRK) has been given a $70.00 target price by stock analysts at BMO Capital Markets in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 9.75% from the company’s previous close.
MRK has been the subject of several other research reports. Cowen and Company reaffirmed a “hold” rating and set a $70.00 target price on shares of Merck & in a research report on Friday, September 1st. Zacks Investment Research cut Merck & from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Credit Suisse Group reaffirmed a “buy” rating on shares of Merck & in a research report on Tuesday, June 13th. Jefferies Group LLC reaffirmed a “sell” rating and set a $52.00 target price on shares of Merck & in a research report on Sunday, August 20th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $74.00 target price (up previously from $70.00) on shares of Merck & in a research report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $69.69.
Shares of Merck & (NYSE MRK) traded down 1.05% during trading on Wednesday, hitting $63.78. 10,101,320 shares of the stock were exchanged. The stock has a market cap of $173.95 billion, a P/E ratio of 34.53 and a beta of 0.80. Merck & has a 12-month low of $58.29 and a 12-month high of $66.80. The stock has a 50-day moving average of $64.42 and a 200 day moving average of $63.70.
Merck & (NYSE:MRK) last released its earnings results on Friday, July 28th. The company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.14. Merck & had a return on equity of 26.02% and a net margin of 17.14%. The company had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same quarter in the previous year, the business posted $0.93 EPS. The business’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts predict that Merck & will post $3.87 earnings per share for the current fiscal year.
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Several hedge funds have recently made changes to their positions in MRK. Perennial Advisors LLC boosted its holdings in Merck & by 10.7% in the second quarter. Perennial Advisors LLC now owns 1,626 shares of the company’s stock valued at $104,000 after acquiring an additional 157 shares during the last quarter. Stelac Advisory Services LLC bought a new position in Merck & in the second quarter valued at about $104,000. Vigilant Capital Management LLC boosted its holdings in Merck & by 16.7% in the first quarter. Vigilant Capital Management LLC now owns 1,746 shares of the company’s stock valued at $111,000 after acquiring an additional 250 shares during the last quarter. Cascade Investment Advisors Inc. boosted its holdings in Merck & by 15.5% in the second quarter. Cascade Investment Advisors Inc. now owns 1,727 shares of the company’s stock valued at $111,000 after acquiring an additional 232 shares during the last quarter. Finally, Solaris Asset Management LLC boosted its holdings in Merck & by 6.3% in the second quarter. Solaris Asset Management LLC now owns 1,940 shares of the company’s stock valued at $124,000 after acquiring an additional 115 shares during the last quarter. Institutional investors own 72.91% of the company’s stock.
Merck & Company Profile
Merck & Co, Inc is a global healthcare company. The Company offers health solutions through its prescription medicines, vaccines, biologic therapies and animal health products. It operates through four segments: Pharmaceutical, Animal Health, Healthcare Services and Alliances. The Company’s Pharmaceutical segment includes human health pharmaceutical and vaccine products marketed either directly by the Company or through joint ventures.
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