BMO Capital Markets reaffirmed their buy rating on shares of Merck & Company, Inc. (NYSE:MRK) in a research note released on Friday. BMO Capital Markets currently has a $72.00 price target on the stock.
A number of other brokerages also recently commented on MRK. BidaskClub raised shares of Merck & from a sell rating to a hold rating in a research report on Thursday, June 22nd. Zacks Investment Research raised shares of Merck & from a hold rating to a buy rating and set a $73.00 price objective on the stock in a research report on Friday, May 26th. Credit Suisse Group set a $72.00 price objective on shares of Merck & and gave the company a buy rating in a research report on Tuesday, June 6th. Jefferies Group LLC reaffirmed a sell rating and set a $51.00 price objective on shares of Merck & in a research report on Wednesday, May 24th. Finally, J P Morgan Chase & Co boosted their price objective on shares of Merck & from $74.00 to $76.00 and gave the company an overweight rating in a research report on Thursday, May 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $70.00.
Merck & (NYSE:MRK) opened at 65.13 on Friday. Merck & has a 1-year low of $58.29 and a 1-year high of $66.80. The stock has a market cap of $177.63 billion, a P/E ratio of 35.26 and a beta of 0.81. The firm’s 50-day moving average is $62.98 and its 200-day moving average is $63.69.
Merck & (NYSE:MRK) last announced its quarterly earnings data on Friday, July 28th. The company reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.14. Merck & had a net margin of 17.14% and a return on equity of 26.02%. The firm had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.75 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. On average, analysts forecast that Merck & will post $3.87 EPS for the current year.
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The company 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 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Thursday, September 14th. Merck &’s payout ratio is 76.11%.
Institutional investors have recently modified their holdings of the company. Klingenstein Fields & Co. LLC lifted its stake in shares of Merck & by 5.4% in the first quarter. Klingenstein Fields & Co. LLC now owns 446,450 shares of the company’s stock worth $28,368,000 after buying an additional 22,958 shares during the last quarter. First PREMIER Bank lifted its stake in shares of Merck & by 2.7% in the first quarter. First PREMIER Bank now owns 21,475 shares of the company’s stock worth $1,364,000 after buying an additional 570 shares during the last quarter. Agran Libbie lifted its stake in shares of Merck & by 83.0% in the first quarter. Agran Libbie now owns 11,918 shares of the company’s stock worth $757,000 after buying an additional 5,404 shares during the last quarter. Stevens Capital Management LP acquired a new stake in shares of Merck & in the first quarter worth $15,126,000. Finally, Sfmg LLC lifted its stake in shares of Merck & by 4.9% in the first quarter. Sfmg LLC now owns 21,582 shares of the company’s stock worth $1,371,000 after buying an additional 1,011 shares during the last quarter. Institutional investors and hedge funds own 73.02% 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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