Bernstein Keeps Their Hold Rating on Merck & Company (MRK)
In a report released yesterday, Courtney Breen from Bernstein maintained a Hold rating on Merck & Company, with a price target of $100.00.
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According to TipRanks, Breen is a 4-star analyst with an average return of 19.4% and an 84.09% success rate. Breen covers the Healthcare sector, focusing on stocks such as Eli Lilly & Co, Moderna, and Merck & Company.
In addition to Bernstein, Merck & Company also received a Hold from Morgan Stanley’s Terence Flynn in a report issued yesterday. However, on the same day, Goldman Sachs maintained a Buy rating on Merck & Company (NYSE: MRK).
Based on Merck & Company’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $16.4 billion and a net profit of $2.96 billion. In comparison, last year the company earned a revenue of $15.62 billion and had a net profit of $3.74 billion
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MRK in relation to earlier this year. Last month, Chirfi Guindo, the CMO of MRK sold 10,000.00 shares for a total of $1,214,500.00.
Read More on MRK:
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