BMO Capital Markets reaffirmed their outperform rating on shares of Merck & Company, Inc. (NYSE:MRK) in a research note issued to investors on Monday, July 24th. They currently have a $73.00 price target on the stock, down from their prior price target of $74.00.
Other equities research analysts have also recently issued reports about the stock. Vetr cut shares of Merck & from a strong-buy rating to a buy rating and set a $69.99 target price for the company. in a research report on Wednesday, May 17th. Zacks Investment Research upgraded shares of Merck & from a hold rating to a buy rating and set a $72.00 target price for the company in a research report on Wednesday, May 10th. Credit Suisse Group set a $72.00 target price on shares of Merck & and gave the company a buy rating in a research report on Tuesday, June 6th. BidaskClub upgraded shares of Merck & from a sell rating to a hold rating in a research report on Thursday, June 22nd. Finally, Citigroup Inc. set a $65.00 price objective on shares of Merck & and gave the company a hold rating in a report on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Merck & currently has an average rating of Hold and an average price target of $69.80.
Shares of Merck & (NYSE:MRK) traded up 0.55% during trading on Monday, hitting $62.52. 2,713,502 shares of the stock traded hands. Merck & has a 12 month low of $58.29 and a 12 month high of $66.80. The firm’s 50-day moving average price is $63.46 and its 200-day moving average price is $63.80. The stock has a market cap of $170.51 billion, a PE ratio of 33.85 and a beta of 0.80.
Merck & (NYSE:MRK) last issued its earnings results on Friday, July 28th. The company reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.14. The business had revenue of $9.93 billion during 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 company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 earnings per share. Analysts anticipate that Merck & will post $3.87 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Friday, September 15th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Thursday, September 14th. Merck &’s payout ratio is 76.11%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Marietta Wealth Management LLC acquired a new position in Merck & during the fourth quarter valued at approximately $538,000. Texas Yale Capital Corp. raised its position in Merck & by 50.8% in the fourth quarter. Texas Yale Capital Corp. now owns 46,695 shares of the company’s stock valued at $2,749,000 after buying an additional 15,730 shares during the last quarter. Ativo Capital Management LLC acquired a new position in Merck & during the fourth quarter valued at approximately $1,542,000. MML Investors Services LLC acquired a new position in Merck & during the fourth quarter valued at approximately $284,000. Finally, Ally Financial Inc. acquired a new position in Merck & during the fourth quarter valued at approximately $1,177,000. 73.73% of the stock is owned by institutional investors and hedge funds.
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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