Merck & Company, Inc. (NYSE:MRK)‘s stock had its “outperform” rating reissued by BMO Capital Markets in a research note issued to investors on Thursday. They presently have a $72.00 price objective on the stock. BMO Capital Markets’ target price points to a potential upside of 12.89% from the company’s current price.
Other research analysts also recently issued research reports about the company. UBS AG raised their price target on Merck & from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. Piper Jaffray Companies set a $70.00 price target on Merck & and gave the stock a “buy” rating in a research note on Saturday, July 29th. Zacks Investment Research downgraded Merck & from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub upgraded Merck & from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, HSBC Holdings plc upgraded Merck & from a “reduce” rating to a “hold” rating in a research note on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. Merck & currently has an average rating of “Hold” and a consensus target price of $69.81.
Shares of Merck & (MRK) traded down 0.149% during midday trading on Thursday, hitting $63.685. The stock had a trading volume of 969,996 shares. The firm has a 50 day moving average price of $64.46 and a 200 day moving average price of $63.70. Merck & has a one year low of $58.29 and a one year high of $66.80. The stock has a market cap of $173.69 billion, a PE ratio of 34.480 and a beta of 0.80.
Merck & (NYSE:MRK) last released its quarterly earnings results on Friday, July 28th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.14. The firm had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.75 billion. Merck & had a return on equity of 26.02% and a net margin of 17.14%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 EPS. On average, equities analysts forecast that Merck & will post $3.87 earnings per share for the current fiscal year.
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Several institutional investors and hedge funds have recently bought and sold shares of MRK. Bollard Group LLC lifted its holdings in shares of Merck & by 6.3% in the 1st quarter. Bollard Group LLC now owns 86,237 shares of the company’s stock valued at $5,479,000 after buying an additional 5,110 shares during the period. Boys Arnold & Co. Inc. lifted its holdings in shares of Merck & by 1.0% in the 1st quarter. Boys Arnold & Co. Inc. now owns 62,180 shares of the company’s stock valued at $3,951,000 after buying an additional 605 shares during the period. Columbus Circle Investors lifted its holdings in shares of Merck & by 529.0% in the 1st quarter. Columbus Circle Investors now owns 1,345,334 shares of the company’s stock valued at $85,483,000 after buying an additional 1,131,452 shares during the period. Hengehold Capital Management LLC lifted its holdings in shares of Merck & by 2.8% in the 1st quarter. Hengehold Capital Management LLC now owns 30,877 shares of the company’s stock valued at $1,962,000 after buying an additional 850 shares during the period. Finally, Sabal Trust CO lifted its holdings in shares of Merck & by 76.7% in the 1st quarter. Sabal Trust CO now owns 12,165 shares of the company’s stock valued at $773,000 after buying an additional 5,281 shares during the period. 72.91% 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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