A number of other analysts have also recently commented on MRK. BMO Capital Markets reiterated a sell rating on shares of Merck & in a research report on Wednesday, July 5th. Citigroup Inc. set a $65.00 price objective on Merck & and gave the stock a hold rating in a research report on Wednesday, July 5th. BidaskClub cut Merck & from a hold rating to a sell rating in a research report on Tuesday, July 11th. Deutsche Bank AG reiterated a hold rating and set a $66.00 price objective (up previously from $64.00) on shares of Merck & in a research report on Monday, July 17th. Finally, Goldman Sachs Group, Inc. (The) reiterated a neutral rating and set a $74.00 price objective (up previously from $70.00) on shares of Merck & in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $67.07.
Shares of Merck & (NYSE MRK) traded up 1.051% on Monday, hitting $55.285. 13,286,783 shares of the stock traded hands. The firm’s 50 day moving average is $63.99 and its 200-day moving average is $63.61. Merck & has a 12 month low of $54.41 and a 12 month high of $66.80. The company has a market cap of $150.78 billion, a PE ratio of 29.932 and a beta of 0.80.
Merck & (NYSE:MRK) last posted its quarterly earnings data on Friday, October 27th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.08. The firm had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.54 billion. Merck & had a return on equity of 26.82% and a net margin of 11.60%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 EPS. Equities analysts predict that Merck & will post $3.92 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Csenge Advisory Group acquired a new position in shares of Merck & in the 3rd quarter valued at about $1,243,000. SignalPoint Asset Management LLC acquired a new position in shares of Merck & in the 3rd quarter valued at about $384,000. Everence Capital Management Inc. lifted its stake in shares of Merck & by 4.5% in the 3rd quarter. Everence Capital Management Inc. now owns 64,225 shares of the company’s stock valued at $4,112,000 after purchasing an additional 2,770 shares in the last quarter. Tocqueville Asset Management L.P. lifted its stake in shares of Merck & by 0.5% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 1,034,096 shares of the company’s stock valued at $66,213,000 after purchasing an additional 4,840 shares in the last quarter. Finally, FineMark National Bank & Trust lifted its stake in shares of Merck & by 22.1% in the 3rd quarter. FineMark National Bank & Trust now owns 215,868 shares of the company’s stock valued at $13,822,000 after purchasing an additional 39,096 shares in the last quarter. 72.86% of the stock is currently 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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