Merck & Company, Inc. (MRK) PT Raised to $70.00 at Leerink Swann
Merck & Company, Inc. (NYSE:MRK) had its price target increased by stock analysts at Leerink Swann from $69.00 to $70.00 in a note issued to investors on Monday. The brokerage presently has a “market perform” rating on the stock. Leerink Swann’s price target would suggest a potential upside of 9.58% from the company’s previous close.
Several other equities analysts also recently issued reports on the stock. Jefferies Group LLC restated a “sell” rating and issued a $52.00 price objective on shares of Merck & in a research note on Sunday, August 20th. BMO Capital Markets restated a “buy” rating and issued a $72.00 price objective on shares of Merck & in a research note on Friday, September 8th. Credit Suisse Group decreased their price objective on shares of Merck & from $75.00 to $74.00 and set an “outperform” rating for the company in a research note on Wednesday, August 30th. BidaskClub downgraded shares of Merck & from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Cowen and Company restated a “hold” rating and issued a $70.00 price objective on shares of Merck & in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $70.67.
Shares of Merck & (NYSE:MRK) traded down 0.34% during mid-day trading on Monday, reaching $63.66. The company’s stock had a trading volume of 6,825,463 shares. The stock has a 50 day moving average of $64.57 and a 200-day moving average of $63.70. The stock has a market cap of $173.62 billion, a P/E ratio of 34.47 and a beta of 0.80. Merck & has a one year low of $58.29 and a one year high of $66.80.
Merck & (NYSE:MRK) last released its quarterly earnings data on Friday, July 28th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.14. Merck & had a net margin of 17.14% and a return on equity of 26.02%. The company had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. Merck &’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities research analysts expect that Merck & will post $3.87 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Perennial Advisors LLC raised its holdings in Merck & by 10.7% during the second quarter. Perennial Advisors LLC now owns 1,626 shares of the company’s stock worth $104,000 after purchasing an additional 157 shares in the last quarter. Stelac Advisory Services LLC purchased a new position in Merck & during the second quarter worth about $104,000. Vigilant Capital Management LLC raised its holdings in Merck & by 16.7% during the first quarter. Vigilant Capital Management LLC now owns 1,746 shares of the company’s stock worth $111,000 after purchasing an additional 250 shares in the last quarter. Cascade Investment Advisors Inc. raised its holdings in Merck & by 15.5% during the second quarter. Cascade Investment Advisors Inc. now owns 1,727 shares of the company’s stock worth $111,000 after purchasing an additional 232 shares in the last quarter. Finally, Solaris Asset Management LLC raised its holdings in Merck & by 6.3% during the second quarter. Solaris Asset Management LLC now owns 1,940 shares of the company’s stock worth $124,000 after purchasing an additional 115 shares in the last quarter. 72.86% of the stock is owned by hedge funds and other 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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