At the time of writing, Marsh & McLennan Cos., Inc. [MMC] stock is trading at $202.41, up 0.34%. An important factor to consider is whether the stock is rising or falling in short-term value. The MMC shares have gain 2.19% over the last week, with a monthly amount drifted -1.96%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Marsh & McLennan Cos., Inc. [NYSE: MMC] stock has seen the most recent analyst activity on April 17, 2024, when Piper Sandler downgraded its rating to a Neutral but kept the price target unchanged to $211 for it. Previously, Wells Fargo downgraded its rating to Equal Weight on April 11, 2024, and kept the price target unchanged to $212. On January 10, 2024, TD Cowen initiated with a Market Perform rating and assigned a price target of $189 on the stock. Goldman downgraded its rating to a Sell but stick to its price target of $185 on January 08, 2024. Keefe Bruyette downgraded its rating to a Underperform and reduced its price target to $192 on December 15, 2023. Deutsche Bank started tracking with a Buy rating for this stock on October 05, 2023, and assigned it a price target of $226. In a note dated July 21, 2023, BofA Securities upgraded an Neutral rating on this stock and boosted its target price from $189 to $210.
For the past year, the stock price of Marsh & McLennan Cos., Inc. fluctuated between $171.47 and $209.20. Currently, Wall Street analysts expect the stock to reach $182.75 within the next 12 months. Marsh & McLennan Cos., Inc. [NYSE: MMC] shares were valued at $202.41 at the most recent close of the market. An investor can expect a potential drop of -9.71% based on the average MMC price forecast.
Analyzing the MMC fundamentals
According to Marsh & McLennan Cos., Inc. [NYSE:MMC], the company’s sales were 23.29B for trailing twelve months, which represents an 9.25% jump. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.33 and Total Capital is 0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.11.
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 199.82 points at the first support level, and at 197.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 204.06, and for the 2nd resistance point, it is at 205.72.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 4.28, the price to book ratio is 8.03 and price to earnings (TTM) ratio is 25.71.
Transactions by insiders
Recent insider trading involved Mills Stacy, Vice President and Controller, that happened on Mar 14 ’24 when 1461.0 shares were sold. President & CEO, Guy Carpenter, Klisura Dean Michael completed a deal on Mar 08 ’24 to sell 9994.0 shares. Meanwhile, Chief Marketing Officer Jones John Jude sold 1505.0 shares on Mar 07 ’24.
