Merck & Company, Inc. (NYSE:MRK)‘s stock had its “buy” rating restated by equities researchers at BMO Capital Markets in a report issued on Friday, September 8th. They currently have a $72.00 price objective on the stock. BMO Capital Markets’ target price points to a potential upside of 10.55% from the company’s previous close.
Several other research firms have also issued reports on MRK. Goldman Sachs Group Inc reiterated a “neutral” rating and issued a $74.00 target price (up previously from $70.00) on shares of Merck & in a research note on Thursday, July 27th. Citigroup Inc. set a $65.00 target price on shares of Merck & and gave the stock a “hold” rating in a research note on Wednesday, July 5th. Zacks Investment Research upgraded shares of Merck & from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research note on Friday, May 26th. BidaskClub lowered shares of Merck & from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Finally, Piper Jaffray Companies set a $70.00 target price on shares of Merck & and gave the stock a “buy” rating in a research note on Saturday, July 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $70.00.
Merck & (NYSE MRK) traded up 0.05% during midday trading on Friday, hitting $65.16. The stock had a trading volume of 4,600,985 shares. Merck & has a 52 week low of $58.29 and a 52 week high of $66.80. The stock’s 50 day moving average price is $63.52 and its 200-day moving average price is $63.68. The company has a market cap of $177.71 billion, a PE ratio of 35.28 and a beta of 0.81.
Merck & (NYSE:MRK) last announced its quarterly 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 analyst estimates of $9.75 billion. Merck & had a net margin of 17.14% and a return on equity of 26.02%. Merck &’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 EPS. Equities research analysts predict that Merck & will post $3.87 earnings per share for the current year.
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Institutional investors have recently made changes to their positions in the company. Perennial Advisors LLC raised its stake in Merck & by 10.7% in the second quarter. Perennial Advisors LLC now owns 1,626 shares of the company’s stock valued at $104,000 after purchasing an additional 157 shares in the last quarter. Stelac Advisory Services LLC purchased a new stake in Merck & in the second quarter valued at approximately $104,000. Vigilant Capital Management LLC raised its stake in Merck & by 16.7% in the first quarter. Vigilant Capital Management LLC now owns 1,746 shares of the company’s stock valued at $111,000 after purchasing an additional 250 shares in the last quarter. Cascade Investment Advisors Inc. raised its stake in Merck & by 15.5% in the second quarter. Cascade Investment Advisors Inc. now owns 1,727 shares of the company’s stock valued at $111,000 after purchasing an additional 232 shares in the last quarter. Finally, Solaris Asset Management LLC raised its stake in Merck & by 6.3% in the second quarter. Solaris Asset Management LLC now owns 1,940 shares of the company’s stock valued at $124,000 after purchasing an additional 115 shares in the last quarter. 72.91% of the stock is currently 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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