A share price of Merck & Co Inc [MRK] is currently trading at $116.55, up 0.45%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MRK shares have gain 2.86% over the last week, with a monthly amount drifted -7.44%, and not 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.
Merck & Co Inc experienced fluctuations in its stock price throughout the past year between $99.14 and $134.63. Currently, Wall Street analysts expect the stock to reach $127.74 within the next 12 months. Merck & Co Inc [NYSE: MRK] shares were valued at $116.55 at the most recent close of the market. An investor can expect a potential return of 9.6% based on the average MRK price forecast.
Analyzing the MRK fundamentals
Trailing Twelve Months sales for Merck & Co Inc [NYSE:MRK] were 62.19B which represents 7.25% growth. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.34 and Total Capital is 0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.87.
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 115.61 points at the first support level, and at 114.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 117.11, and for the 2nd resistance point, it is at 117.66.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Merck & Co Inc [NYSE:MRK] is 1.47. In addition, the Quick Ratio stands at 1.22 and the Cash Ratio stands at 0.44. Considering the valuation of this stock, the price to sales ratio is 4.75, the price to book ratio is 6.78 and price to earnings (TTM) ratio is 21.60.
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. EVP & CFO, Litchfield Caroline completed a deal on Feb 14 ’24 to sell 38291.0 shares. Meanwhile, Chairman, CEO & President Davis Robert M sold 0.15 million shares on Feb 13 ’24.
