Merck & Co., Inc. (NYSE:MRK) Rating Increased to Strong-Buy at Wall Street Zen

Merck & Co., Inc. (NYSE:MRKGet Free Report) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

MRK has been the subject of several other reports. BMO Capital Markets upgraded Merck & Co., Inc. from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $82.00 to $130.00 in a research note on Thursday, December 18th. Wolfe Research raised shares of Merck & Co., Inc. from a “peer perform” rating to an “outperform” rating and set a $135.00 price objective for the company in a research report on Thursday, January 8th. TD Cowen increased their price objective on shares of Merck & Co., Inc. from $100.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, January 20th. Scotiabank raised their target price on shares of Merck & Co., Inc. from $105.00 to $120.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 4th. Finally, Zacks Research lowered shares of Merck & Co., Inc. from a “hold” rating to a “strong sell” rating in a research note on Friday, January 9th. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $114.53.

View Our Latest Research Report on MRK

Merck & Co., Inc. Stock Up 1.8%

Merck & Co., Inc. stock opened at $110.24 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.66 and a quick ratio of 1.44. The company’s 50-day moving average is $105.20 and its 200-day moving average is $91.87. The firm has a market capitalization of $273.62 billion, a PE ratio of 14.56, a P/E/G ratio of 1.52 and a beta of 0.29. Merck & Co., Inc. has a fifty-two week low of $73.31 and a fifty-two week high of $112.90.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last issued its earnings results on Tuesday, February 3rd. The company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.14). Merck & Co., Inc. had a net margin of 29.63% and a return on equity of 44.54%. Sell-side analysts anticipate that Merck & Co., Inc. will post 9.01 earnings per share for the current year.

Insider Buying and Selling

In other Merck & Co., Inc. news, EVP David Michael Williams sold 8,614 shares of Merck & Co., Inc. stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $83.59, for a total value of $720,044.26. Following the completion of the sale, the executive vice president owned 24,578 shares in the company, valued at $2,054,475.02. The trade was a 25.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MRK. Darwin Wealth Management LLC grew its position in Merck & Co., Inc. by 237.4% during the third quarter. Darwin Wealth Management LLC now owns 307 shares of the company’s stock worth $26,000 after buying an additional 216 shares in the last quarter. Kilter Group LLC bought a new stake in shares of Merck & Co., Inc. during the 2nd quarter valued at $27,000. Barnes Dennig Private Wealth Management LLC grew its holdings in shares of Merck & Co., Inc. by 302.3% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 354 shares of the company’s stock worth $30,000 after purchasing an additional 266 shares in the last quarter. Bare Financial Services Inc increased its position in shares of Merck & Co., Inc. by 51.9% in the second quarter. Bare Financial Services Inc now owns 366 shares of the company’s stock worth $29,000 after purchasing an additional 125 shares during the period. Finally, United Financial Planning Group LLC acquired a new position in Merck & Co., Inc. in the third quarter valued at about $31,000. 76.07% of the stock is owned by institutional investors.

Merck & Co., Inc. News Summary

Here are the key news stories impacting Merck & Co., Inc. this week:

About Merck & Co., Inc.

(Get Free Report)

Merck & Co, Inc is a global biopharmaceutical company engaged in the discovery, development, manufacture and marketing of prescription medicines, vaccines, biologic therapies and animal health products. Its portfolio spans multiple therapeutic areas with a particular emphasis on oncology, vaccines and infectious disease, as well as therapies for metabolic and chronic conditions. Among its well-known products are the cancer immunotherapy Keytruda (pembrolizumab) and the human papillomavirus vaccine Gardasil; the company also markets a range of medicines and vaccines for veterinary use through Merck Animal Health.

Founded in the late 19th century as the U.S.

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Analyst Recommendations for Merck & Co., Inc. (NYSE:MRK)

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