Merck & Co., Inc. (NYSE:MRK) target price upped to $70.00, issued a ratings update today by Bank of America Corp.
- Updated: October 15, 2016
Having a price of $61.57, Merck & Co., Inc. (NYSE:MRK) traded -0.59% lower on the day. With the last stock price up 5.98% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Merck & Co., Inc. has recorded a 50-day average of $62.57 and a two hundred day average of $58.63. Volume of trade was up over the average, with 12,204,208 shares of MRK changing hands over the typical 10,050,800
In a report announced on Thursday October 13, 2016 Bank of America Corp. upped the price target of Merck & Co., Inc. (NYSE:MRK) from $57.00 to $70.00 indicating a possible upside of 0.14%.
On 10/10/2016, Vetr Inc. released a statement about Merck & Co., Inc. (NYSE:MRK) upped the target price from $0.00 to $64.84 that suggested an upside of 0.02%.
With a total market value of $0, Merck & Co., Inc. has price-earnings ratio of 34.09 with a one year low of $47.97 and a one year high of $64.86 .
A total of 20 analysts have released a report on Merck & Co., Inc.. Two analysts rating the company a strong buy, seven analysts rating the company a buy, thirteen analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $61.60.
More About Merck & Co., Inc. (NYSE:MRK)
Merck & Co., Inc. is a global healthcare company. The Company offers health solutions through its prescription medicines, vaccines, biologic therapies and animal health products, which it markets directly and through its joint ventures. It operates through one segment, Pharmaceutical. The Company's Pharmaceutical segment includes human health pharmaceutical and vaccine products marketed either directly by the Company or through joint ventures. Human health pharmaceutical products consist of therapeutic and preventive agents, generally sold by prescription, for the treatment of human disorders. The Company sells these human health pharmaceutical products primarily to drug wholesalers and retailers, hospitals, government agencies and managed healthcare providers. The Animal Health segment discovers, develops, manufactures and markets animal health products, including vaccines. The Company's animal health products are sold to veterinarians, distributors and animal producers.
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