Merck & Co., Inc. (NYSE:MRK) Price Target Cut to $145.00 by Analysts at Wells Fargo & Company

Merck & Co., Inc. (NYSE:MRKGet Free Report) had its target price cut by equities researchers at Wells Fargo & Company from $150.00 to $145.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 27.21% from the stock’s previous close.

Several other research analysts also recently weighed in on MRK. Wall Street Zen upgraded Merck & Co., Inc. from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Wolfe Research upgraded Merck & Co., Inc. from a “peer perform” rating to an “outperform” rating and set a $135.00 target price on the stock in a research note on Thursday, January 8th. Cantor Fitzgerald lifted their target price on Merck & Co., Inc. from $116.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Barclays started coverage on Merck & Co., Inc. in a research note on Friday, February 20th. They issued an “overweight” rating and a $140.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded Merck & Co., Inc. from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $128.18.

Check Out Our Latest Research Report on Merck & Co., Inc.

Merck & Co., Inc. Stock Performance

Shares of MRK stock traded up $4.80 during midday trading on Friday, hitting $113.98. The company had a trading volume of 1,759,954 shares, compared to its average volume of 11,253,600. The company’s 50 day simple moving average is $117.69 and its 200 day simple moving average is $107.39. Merck & Co., Inc. has a 52-week low of $73.31 and a 52-week high of $125.14. The stock has a market cap of $281.52 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 2.25 and a beta of 0.26. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.54 and a quick ratio of 1.30.

Merck & Co., Inc. (NYSE:MRKGet Free Report) last announced its earnings results on Thursday, April 30th. The company reported ($1.28) earnings per share for the quarter, beating the consensus estimate of ($1.47) by $0.19. Merck & Co., Inc. had a return on equity of 44.57% and a net margin of 28.08%.The company had revenue of $16.29 billion for the quarter, compared to the consensus estimate of $15.85 billion. During the same period last year, the business posted $2.22 EPS. The company’s revenue was up 4.9% on a year-over-year basis. Merck & Co., Inc. has set its FY 2026 guidance at 5.040-5.160 EPS. Research analysts anticipate that Merck & Co., Inc. will post 4.89 earnings per share for the current fiscal year.

Insider Activity

In related news, CMO Chirfi Guindo sold 20,000 shares of Merck & Co., Inc. stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $121.88, for a total transaction of $2,437,600.00. Following the completion of the transaction, the chief marketing officer directly owned 80,615 shares of the company’s stock, valued at approximately $9,825,356.20. The trade was a 19.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Caroline Litchfield sold 41,997 shares of Merck & Co., Inc. stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $119.61, for a total value of $5,023,261.17. Following the transaction, the chief financial officer directly owned 90,192 shares of the company’s stock, valued at approximately $10,787,865.12. This represents a 31.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 320,176 shares of company stock valued at $38,281,735 in the last 90 days. Insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Merck & Co., Inc.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kingdom Financial Group LLC. acquired a new position in Merck & Co., Inc. during the fourth quarter worth $25,000. Abound Financial LLC acquired a new position in Merck & Co., Inc. during the fourth quarter worth $26,000. Prosperity Bancshares Inc acquired a new position in shares of Merck & Co., Inc. in the fourth quarter worth $26,000. Barnes Dennig Private Wealth Management LLC raised its holdings in shares of Merck & Co., Inc. by 302.3% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 354 shares of the company’s stock worth $30,000 after acquiring an additional 266 shares during the last quarter. Finally, United Financial Planning Group LLC acquired a new position in shares of Merck & Co., Inc. in the third quarter worth $31,000. 76.07% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Merck & Co., Inc.

Here are the key news stories impacting Merck & Co., Inc. this week:

Merck & Co., Inc. Company Profile

(Get Free Report)

Merck & Co, Inc is a global biopharmaceutical company engaged in the discovery, development, manufacture and marketing of prescription medicines, vaccines, biologic therapies and animal health products. Its portfolio spans multiple therapeutic areas with a particular emphasis on oncology, vaccines and infectious disease, as well as therapies for metabolic and chronic conditions. Among its well-known products are the cancer immunotherapy Keytruda (pembrolizumab) and the human papillomavirus vaccine Gardasil; the company also markets a range of medicines and vaccines for veterinary use through Merck Animal Health.

Founded in the late 19th century as the U.S.

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Analyst Recommendations for Merck & Co., Inc. (NYSE:MRK)

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