Merck & Co., Inc. (NYSE:MRK) Price Target Raised to $115.00

Merck & Co., Inc. (NYSE:MRKFree Report) had its price target lifted by Citigroup from $110.00 to $115.00 in a research note published on Tuesday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Merck & Co., Inc. from $100.00 to $102.00 and gave the company an “equal weight” rating in a research note on Friday, December 12th. Wolfe Research upgraded shares of Merck & Co., Inc. from a “peer perform” rating to an “outperform” rating and set a $135.00 target price for the company in a report on Thursday, January 8th. BMO Capital Markets upgraded Merck & Co., Inc. from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $82.00 to $130.00 in a research note on Thursday, December 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Merck & Co., Inc. in a research note on Monday, December 29th. Finally, Scotiabank boosted their price objective on Merck & Co., Inc. from $105.00 to $120.00 and gave the company a “sector outperform” rating in a report on Thursday, December 4th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $114.53.

Check Out Our Latest Research Report on Merck & Co., Inc.

Merck & Co., Inc. Stock Performance

Shares of Merck & Co., Inc. stock opened at $108.25 on Tuesday. Merck & Co., Inc. has a 52 week low of $73.31 and a 52 week high of $112.90. The business’s fifty day simple moving average is $104.95 and its 200-day simple moving average is $91.68. The firm has a market cap of $268.68 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 1.43 and a beta of 0.29. The company has a quick ratio of 1.44, a current ratio of 1.66 and a debt-to-equity ratio of 0.77.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.14). Merck & Co., Inc. had a return on equity of 44.54% and a net margin of 29.63%. Equities analysts forecast that Merck & Co., Inc. will post 9.01 earnings per share for the current year.

Merck & Co., Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 7th. Shareholders of record on Monday, March 16th will be paid a $0.85 dividend. The ex-dividend date is Monday, March 16th. This represents a $3.40 annualized dividend and a dividend yield of 3.1%. Merck & Co., Inc.’s payout ratio is 44.91%.

Insider Buying and Selling at Merck & Co., Inc.

In other news, EVP David Michael Williams sold 8,614 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $83.59, for a total value of $720,044.26. Following the sale, the executive vice president directly owned 24,578 shares in the company, valued at approximately $2,054,475.02. This trade represents a 25.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Merck & Co., Inc.

Several large investors have recently bought and sold shares of MRK. DLD Asset Management LP acquired a new stake in Merck & Co., Inc. in the second quarter valued at approximately $2,889,340,000. Norges Bank acquired a new position in Merck & Co., Inc. during the 2nd quarter worth approximately $2,858,570,000. Franklin Resources Inc. grew its holdings in Merck & Co., Inc. by 23.5% during the 2nd quarter. Franklin Resources Inc. now owns 27,032,601 shares of the company’s stock worth $2,139,901,000 after acquiring an additional 5,135,748 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Merck & Co., Inc. by 35.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 19,456,096 shares of the company’s stock valued at $1,540,145,000 after purchasing an additional 5,094,088 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Merck & Co., Inc. by 9.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 53,865,466 shares of the company’s stock valued at $4,263,991,000 after purchasing an additional 4,636,183 shares in the last quarter. Hedge funds and other institutional investors own 76.07% of the company’s stock.

Merck & Co., Inc. News Roundup

Here are the key news stories impacting Merck & Co., Inc. this week:

Merck & Co., Inc. Company Profile

(Get Free Report)

Merck & Co, Inc is a global biopharmaceutical company engaged in the discovery, development, manufacture and marketing of prescription medicines, vaccines, biologic therapies and animal health products. Its portfolio spans multiple therapeutic areas with a particular emphasis on oncology, vaccines and infectious disease, as well as therapies for metabolic and chronic conditions. Among its well-known products are the cancer immunotherapy Keytruda (pembrolizumab) and the human papillomavirus vaccine Gardasil; the company also markets a range of medicines and vaccines for veterinary use through Merck Animal Health.

Founded in the late 19th century as the U.S.

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Analyst Recommendations for Merck & Co., Inc. (NYSE:MRK)

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