Jefferies Group LLC Reiterates Sell Rating for Merck & Company, Inc. (MRK)
Merck & Company, Inc. (NYSE:MRK)‘s stock had its “sell” rating restated by investment analysts at Jefferies Group LLC in a research report issued to clients and investors on Friday. They currently have a $55.00 target price on the stock. Jefferies Group LLC’s target price indicates a potential downside of 13.90% from the company’s current price. Jefferies Group also issued estimates for Merck &’s FY2017 earnings at $3.88 EPS.
MRK has been the topic of several other research reports. BidaskClub cut shares of Merck & from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. BMO Capital Markets set a $70.00 target price on shares of Merck & and gave the company a “buy” rating in a research note on Wednesday. Zacks Investment Research cut shares of Merck & from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Credit Suisse Group restated an “outperform” rating and set a $74.00 target price (down previously from $75.00) on shares of Merck & in a research note on Tuesday, September 5th. Finally, Cowen and Company restated a “hold” rating and set a $70.00 target price on shares of Merck & in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $70.71.
Merck & (NYSE MRK) traded up 0.20% during mid-day trading on Friday, reaching $63.88. 10,304,201 shares of the company were exchanged. Merck & has a one year low of $58.29 and a one year high of $66.80. The company has a market capitalization of $174.22 billion, a PE ratio of 34.59 and a beta of 0.80. The stock has a 50-day moving average price of $64.57 and a 200 day moving average price of $63.70.
Merck & (NYSE:MRK) last posted its earnings results on Friday, July 28th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.14. The business had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.75 billion. Merck & had a net margin of 17.14% and a return on equity of 26.02%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 EPS. Analysts predict that Merck & will post $3.87 EPS for the current year.
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A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Merck & by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 194,144,317 shares of the company’s stock worth $12,442,709,000 after acquiring an additional 3,312,459 shares in the last quarter. BlackRock Inc. increased its holdings in Merck & by 1.0% in the 2nd quarter. BlackRock Inc. now owns 184,997,390 shares of the company’s stock worth $11,856,484,000 after acquiring an additional 1,834,500 shares in the last quarter. Franklin Resources Inc. increased its holdings in Merck & by 3.1% in the 2nd quarter. Franklin Resources Inc. now owns 27,019,572 shares of the company’s stock worth $1,731,684,000 after acquiring an additional 801,033 shares in the last quarter. Boston Partners increased its holdings in Merck & by 2.6% in the 1st quarter. Boston Partners now owns 19,935,016 shares of the company’s stock worth $1,266,671,000 after acquiring an additional 500,476 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Merck & by 1.3% in the 2nd quarter. Legal & General Group Plc now owns 14,564,388 shares of the company’s stock worth $933,445,000 after acquiring an additional 192,348 shares in the last quarter. 72.86% of the stock is owned by institutional investors.
About Merck &
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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