BMO Capital Markets restated their outperform rating on shares of Merck & Company, Inc. (NYSE:MRK) in a research note published on Monday, July 24th. The firm currently has a $73.00 target price on the stock, down from their prior target price of $74.00.
A number of other brokerages have also weighed in on MRK. BidaskClub lowered Merck & from a sell rating to a strong sell rating in a research report on Wednesday, July 19th. Zacks Investment Research lowered Merck & from a buy rating to a hold rating in a research report on Thursday, May 25th. Jefferies Group LLC reaffirmed a sell rating and set a $51.00 target price on shares of Merck & in a research report on Wednesday, May 24th. Vetr lowered Merck & from a strong-buy rating to a buy rating and set a $69.99 price target for the company. in a research report on Wednesday, May 17th. Finally, Citigroup Inc. set a $65.00 price target on Merck & and gave the stock a hold rating in a research report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $69.58.
Shares of Merck & (NYSE:MRK) opened at 61.49 on Monday. Merck & has a 1-year low of $58.29 and a 1-year high of $66.80. The firm has a market capitalization of $167.71 billion, a P/E ratio of 33.29 and a beta of 0.80. The stock has a 50 day moving average of $62.91 and a 200-day moving average of $63.83.
Merck & (NYSE:MRK) last posted its quarterly earnings data on Friday, July 28th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $9.75 billion. During the same quarter in the previous year, the business earned $0.93 EPS. Merck &’s revenue was up .9% compared to the same quarter last year. On average, equities analysts expect that Merck & will post $3.87 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Friday, September 15th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.88 annualized dividend and a dividend yield of 3.06%. Merck &’s dividend payout ratio is presently 76.11%.
Several large investors have recently bought and sold shares of MRK. Krilogy Financial LLC boosted its stake in Merck & by 0.4% in the second quarter. Krilogy Financial LLC now owns 3,129 shares of the company’s stock valued at $201,000 after buying an additional 11 shares in the last quarter. HM Capital Management LLC boosted its stake in Merck & by 0.4% in the first quarter. HM Capital Management LLC now owns 3,734 shares of the company’s stock valued at $236,000 after buying an additional 15 shares in the last quarter. Balentine LLC boosted its stake in Merck & by 1.0% in the second quarter. Balentine LLC now owns 2,107 shares of the company’s stock valued at $135,000 after buying an additional 20 shares in the last quarter. RB Capital Management LLC boosted its stake in Merck & by 0.5% in the second quarter. RB Capital Management LLC now owns 4,587 shares of the company’s stock valued at $294,000 after buying an additional 23 shares in the last quarter. Finally, Baystate Wealth Management LLC boosted its stake in Merck & by 0.4% in the second quarter. Baystate Wealth Management LLC now owns 6,470 shares of the company’s stock valued at $405,000 after buying an additional 27 shares in the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.
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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