Merck & Co Inc [MRK] stock prices are up 0.15% to $131.95 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The MRK shares have gain 6.74% over the last week, with a monthly amount glided 2.93%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Merck & Co Inc [NYSE: MRK] stock has seen the most recent analyst activity on March 11, 2024, when Societe Generale downgraded its rating to a Sell but kept the price target unchanged to $104 for it. Previously, TD Cowen upgraded its rating to Outperform on January 04, 2024, and elevated its price target to $135. On November 09, 2023, Deutsche Bank initiated with a Buy rating and assigned a price target of $115 on the stock. BMO Capital Markets upgraded its rating to a Outperform but stick to its price target of $132 on October 27, 2023. UBS upgraded its rating to a Buy and raised its price target to $122 on October 20, 2023. HSBC Securities started tracking with a Hold rating for this stock on July 14, 2023, and assigned it a price target of $123. In a note dated April 13, 2023, Citigroup upgraded an Buy rating on this stock and boosted its target price from $105 to $130.
The stock price of Merck & Co Inc [MRK] has been fluctuating between $99.14 and $133.10 over the past year. Currently, Wall Street analysts expect the stock to reach $118.74 within the next 12 months. Merck & Co Inc [NYSE: MRK] shares were valued at $131.95 at the most recent close of the market. An investor can expect a potential drop of -10.01% based on the average MRK price forecast.
Analyzing the MRK fundamentals
The Merck & Co Inc [NYSE:MRK] reported sales of 59.87B for trailing twelve months, representing a surge of 13.82%. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.94.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 131.21 points at the first support level, and at 130.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 132.55, and for the 2nd resistance point, it is at 133.16.
Merck & Co Inc [MRK] reported earnings per share of $0.03 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.11/share, meaning a difference of $0.14 and a surprise factor of 127.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.94 per share as compared to estimates of $1.78 per share, a difference of $0.16 representing a surprise of 9.00%.
Ratios To Look Out For
It’s worth pointing out that Merck & Co Inc [NYSE:MRK]’s Current Ratio is 1.25. On the other hand, the Quick Ratio is 1.00, and the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 5.58, the price to book ratio is 8.89 and price to earnings (TTM) ratio is 998.11.
Transactions by insiders
Recent insider trading involved Merck & Co., Inc., 10% Owner, that happened on Mar 11 ’24 when 21.4 million shares were purchased. Chairman, CEO & President, Davis Robert M completed a deal on Feb 14 ’24 to sell 85021.0 shares. Meanwhile, EVP & CFO Litchfield Caroline sold 38291.0 shares on Feb 14 ’24.
