Merck & Company, Inc. (NYSE:MRK) was upgraded by Citigroup Inc. to a “buy” rating in a research note issued to investors on Monday.
Several other equities research analysts also recently weighed in on MRK. BMO Capital Markets reissued a “sell” rating on shares of Merck & in a research report on Wednesday, July 5th. BidaskClub downgraded shares of Merck & from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Deutsche Bank AG reissued a “hold” rating and set a $66.00 price target (up previously from $64.00) on shares of Merck & in a research report on Monday, July 17th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $74.00 price target (up previously from $70.00) on shares of Merck & in a research report on Thursday, July 27th. Finally, Piper Jaffray Companies set a $70.00 price target on shares of Merck & and gave the company a “buy” rating in a research report on Saturday, July 29th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $67.07.
Merck & (MRK) opened at 55.09 on Monday. The stock has a 50 day moving average price of $63.71 and a 200 day moving average price of $63.55. Merck & has a 12-month low of $54.41 and a 12-month high of $66.80. The company has a market capitalization of $150.25 billion, a price-to-earnings ratio of 29.83 and a beta of 0.80.
Merck & (NYSE:MRK) last announced its quarterly earnings results on Friday, October 27th. The company reported $1.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.08. The company had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.54 billion. Merck & had a net margin of 11.60% and a return on equity of 26.82%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.07 earnings per share. On average, analysts expect that Merck & will post $3.92 EPS for the current year.
WARNING: This story was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.com-unik.info/2017/11/01/merck-company-inc-mrk-rating-increased-to-buy-at-citigroup-inc.html.
Institutional investors have recently modified their holdings of the company. Stelac Advisory Services LLC purchased a new position in shares of Merck & during the 2nd quarter worth $104,000. Perennial Advisors LLC boosted its stake in shares of Merck & by 10.7% during the 2nd quarter. Perennial Advisors LLC now owns 1,626 shares of the company’s stock worth $104,000 after acquiring an additional 157 shares during the last quarter. Cascade Investment Advisors Inc. boosted its stake in shares of Merck & by 15.5% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 1,727 shares of the company’s stock worth $111,000 after acquiring an additional 232 shares during the last quarter. Vigilant Capital Management LLC boosted its stake in shares of Merck & by 16.7% during the 1st quarter. Vigilant Capital Management LLC now owns 1,746 shares of the company’s stock worth $111,000 after acquiring an additional 250 shares during the last quarter. Finally, Solaris Asset Management LLC boosted its stake in shares of Merck & by 6.3% during the 2nd quarter. Solaris Asset Management LLC now owns 1,940 shares of the company’s stock worth $124,000 after acquiring an additional 115 shares during the last quarter. Institutional investors and hedge funds own 72.86% 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.
What are top analysts saying about Merck & Company Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Merck & Company Inc. and related companies.