Merck & Company, Inc. (MRK) Lowered to “Underperform” at Jefferies Group LLC
Jefferies Group LLC downgraded shares of Merck & Company, Inc. (NYSE:MRK) from a hold rating to an underperform rating in a research report sent to investors on Wednesday. Jefferies Group also issued estimates for Merck &’s FY2017 earnings at $3.97 EPS, FY2018 earnings at $4.16 EPS, FY2019 earnings at $4.16 EPS, FY2020 earnings at $4.38 EPS and FY2021 earnings at $4.74 EPS.
MRK has been the topic of a number of other research reports. UBS AG cut their price target on shares of Merck & from $72.00 to $67.00 and set a buy rating on the stock in a report on Monday. J P Morgan Chase & Co set a $70.00 price objective on shares of Merck & and gave the stock a buy rating in a report on Sunday. BMO Capital Markets set a $68.00 price objective on shares of Merck & and gave the stock a buy rating in a report on Monday. HSBC Holdings plc upgraded shares of Merck & from a reduce rating to a hold rating in a report on Wednesday, August 9th. Finally, Barclays PLC downgraded shares of Merck & from an overweight rating to an equal weight rating and dropped their price objective for the stock from $72.00 to $62.00 in a report on Monday. Two equities research 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 company has a consensus rating of Hold and a consensus price target of $67.07.
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. Merck & had a net margin of 11.60% and a return on equity of 26.82%. The firm had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.54 billion. During the same quarter last year, the business posted $1.07 EPS. The company’s revenue was down 2.0% on a year-over-year basis.
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Several institutional investors and hedge funds have recently made changes to their positions in the company. Stelac Advisory Services LLC bought a new position in shares of Merck & in the second quarter worth approximately $104,000. Perennial Advisors LLC boosted its stake in Merck & by 10.7% in the second quarter. Perennial Advisors LLC now owns 1,626 shares of the company’s stock worth $104,000 after buying an additional 157 shares in the last quarter. Cascade Investment Advisors Inc. boosted its stake in Merck & by 15.5% in the second quarter. Cascade Investment Advisors Inc. now owns 1,727 shares of the company’s stock worth $111,000 after buying an additional 232 shares in the last quarter. Vigilant Capital Management LLC boosted its stake in Merck & by 16.7% in the first quarter. Vigilant Capital Management LLC now owns 1,746 shares of the company’s stock worth $111,000 after buying an additional 250 shares in the last quarter. Finally, Solaris Asset Management LLC boosted its stake in Merck & by 6.3% in the second quarter. Solaris Asset Management LLC now owns 1,940 shares of the company’s stock worth $124,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 72.86% of the company’s stock.
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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