TipRanksStock Market NewsMRK NewsBerenberg Bank Maintains a Hold Rating on Merck & Company (MRK)

Berenberg Bank Maintains a Hold Rating on Merck & Company (MRK)

In a report released yesterday, Luisa Hector from Berenberg Bank maintained a Hold rating on Merck & Company (MRKResearch Report), with a price target of $95.00. The company’s shares closed last Wednesday at $92.10, close to its 52-week high of $94.56.

According to TipRanks.com, Hector is a 4-star analyst with an average return of 14.1% and a 92.9% success rate. Hector covers the Healthcare sector, focusing on stocks such as Roche Holding AG, Bristol Myers, and Sanofi.

Currently, the analyst consensus on Merck & Company is a Moderate Buy with an average price target of $97.40.

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Based on Merck & Company’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $15.9 billion and net profit of $4.31 billion. In comparison, last year the company earned revenue of $10.63 billion and had a net profit of $3.18 billion.

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Merck & Co., Inc. develops pharmaceutical and vaccine products. It also offers healthcare solutions and vaccines addressing animal health. The company was founded in 1891 and is headquartered in Kenilworth, NJ.

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