Cowen and Company Reiterates Hold Rating for Merck & Company, Inc. (MRK)
Merck & Company, Inc. (NYSE:MRK)‘s stock had its “hold” rating reiterated by Cowen and Company in a research note issued to investors on Friday. They presently have a $70.00 target price on the stock. Cowen and Company’s price target indicates a potential upside of 24.87% from the company’s previous close.
Other research analysts have also recently issued reports about the company. UBS AG raised their price objective on Merck & from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. Piper Jaffray Companies set a $70.00 price objective on Merck & and gave the company a “buy” rating in a report on Saturday, July 29th. BMO Capital Markets reissued a “buy” rating and issued a $72.00 price objective on shares of Merck & in a report on Friday, September 8th. Citigroup Inc. upgraded Merck & from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Wednesday, October 18th. Finally, J P Morgan Chase & Co set a $70.00 target price on Merck & and gave the company a “buy” rating in a research report on Sunday, October 29th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $67.07.
Merck & (MRK) traded up $0.72 on Friday, hitting $56.06. The stock had a trading volume of 9,799,072 shares, compared to its average volume of 12,174,160. The firm has a market capitalization of $151.45 billion, a P/E ratio of 14.23 and a beta of 0.78.
Merck & (NYSE:MRK) last issued its quarterly earnings data on Friday, October 27th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.08. Merck & had a return on equity of 26.82% and a net margin of 11.60%. The firm had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.54 billion. During the same period in the prior year, the business posted $1.07 EPS. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. equities analysts predict that Merck & will post 3.95 earnings per share for the current fiscal year.
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Several institutional investors have recently made changes to their positions in MRK. Mycio Wealth Partners LLC grew its stake in shares of Merck & by 20.9% during the first quarter. Mycio Wealth Partners LLC now owns 20,235 shares of the company’s stock valued at $1,286,000 after acquiring an additional 3,495 shares in the last quarter. Cubic Asset Management LLC lifted its holdings in Merck & by 2.3% in the first quarter. Cubic Asset Management LLC now owns 13,250 shares of the company’s stock worth $842,000 after acquiring an additional 300 shares during the last quarter. Dubuque Bank & Trust Co. lifted its holdings in Merck & by 19.9% in the first quarter. Dubuque Bank & Trust Co. now owns 47,488 shares of the company’s stock worth $3,017,000 after acquiring an additional 7,892 shares during the last quarter. Delta Asset Management LLC TN lifted its holdings in Merck & by 2.6% in the first quarter. Delta Asset Management LLC TN now owns 12,499 shares of the company’s stock worth $794,000 after acquiring an additional 316 shares during the last quarter. Finally, Duncker Streett & Co. Inc. raised its holdings in shares of Merck & by 6.1% during the first quarter. Duncker Streett & Co. Inc. now owns 53,537 shares of the company’s stock valued at $3,402,000 after buying an additional 3,091 shares during the last quarter. Institutional investors own 72.86% of the company’s stock.
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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