Merck & Co., Inc. (MRK) Given a $68.00 Price Target by BMO Capital Markets Analysts
Merck & Co., Inc. (NYSE:MRK) received a $68.00 price target from investment analysts at BMO Capital Markets in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 21.41% from the company’s current price.
Several other equities research analysts also recently weighed in on MRK. Barclays downgraded Merck & Co., Inc. from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $72.00 to $62.00 in a research report on Monday, October 30th. UBS decreased their target price on Merck & Co., Inc. from $72.00 to $67.00 and set a “buy” rating for the company in a research report on Monday, October 30th. J P Morgan Chase & Co set a $70.00 target price on Merck & Co., Inc. and gave the stock a “buy” rating in a research report on Sunday, October 29th. Leerink Swann decreased their target price on Merck & Co., Inc. from $70.00 to $69.00 and set a “market perform” rating for the company in a research report on Monday, October 30th. Finally, Citigroup raised Merck & Co., Inc. to a “buy” rating in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $66.29.
Shares of Merck & Co., Inc. (NYSE:MRK) opened at $56.01 on Wednesday. The company has a market capitalization of $155,483.63, a PE ratio of 14.67, a price-to-earnings-growth ratio of 2.64 and a beta of 0.76. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.16 and a current ratio of 1.43. Merck & Co., Inc. has a 12 month low of $53.63 and a 12 month high of $66.80.
Merck & Co., Inc. (NYSE:MRK) last issued its earnings results on Friday, October 27th. The company reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.08. Merck & Co., Inc. had a return on equity of 27.08% and a net margin of 11.60%. The company had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.54 billion. During the same quarter in the prior year, the business earned $1.07 earnings per share. The company’s revenue was down 2.0% compared to the same quarter last year. sell-side analysts anticipate that Merck & Co., Inc. will post 3.95 EPS for the current fiscal year.
Merck & Co., Inc. declared that its Board of Directors has approved a share repurchase plan on Tuesday, November 28th that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
In related news, Director Thomas H. Glocer sold 5,000 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $56.20, for a total value of $281,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.25% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Hanson McClain Inc. raised its stake in Merck & Co., Inc. by 65.0% during the second quarter. Hanson McClain Inc. now owns 7,662 shares of the company’s stock valued at $491,000 after buying an additional 3,019 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in Merck & Co., Inc. by 133.4% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 144,247 shares of the company’s stock valued at $9,165,000 after buying an additional 82,454 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Merck & Co., Inc. by 2.6% during the second quarter. Russell Investments Group Ltd. now owns 4,206,648 shares of the company’s stock valued at $269,678,000 after buying an additional 107,201 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in Merck & Co., Inc. by 41.9% during the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 296,294 shares of the company’s stock valued at $19,028,000 after buying an additional 87,443 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new stake in Merck & Co., Inc. during the first quarter valued at approximately $15,126,000. 73.84% of the stock is owned by hedge funds and other institutional investors.
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Merck & Co., Inc. 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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