Morgan Stanley Boosts Marsh & McLennan Companies (NYSE:MMC) Price Target to $122.00

Marsh & McLennan Companies (NYSE:MMC) had its price objective upped by stock analysts at Morgan Stanley from $120.00 to $122.00 in a research note issued on Friday, BenzingaRatingsTable reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price target would indicate a potential upside of 4.63% from the company’s previous close.

A number of other research analysts have also issued reports on the stock. Cfra upgraded shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and lowered their target price for the company from $120.00 to $110.00 in a research note on Thursday, April 30th. Atlantic Securities upgraded shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and set a $110.00 target price on the stock in a research note on Tuesday, May 12th. MKM Partners lowered their target price on shares of Marsh & McLennan Companies from $115.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $115.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, July 20th. Finally, Goldman Sachs Group upgraded shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and lowered their target price for the company from $117.00 to $100.00 in a research note on Monday, April 13th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $111.45.

MMC stock opened at $116.60 on Friday. Marsh & McLennan Companies has a 12-month low of $74.33 and a 12-month high of $119.88. The company has a quick ratio of 1.13, a current ratio of 1.37 and a debt-to-equity ratio of 1.43. The company has a market cap of $59.01 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 4.72 and a beta of 0.89. The company has a 50 day moving average of $109.16 and a two-hundred day moving average of $104.90.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. Marsh & McLennan Companies had a net margin of 11.83% and a return on equity of 31.82%. The company had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the prior year, the firm earned $1.18 EPS. The company’s revenue was down 3.4% compared to the same quarter last year. On average, research analysts anticipate that Marsh & McLennan Companies will post 4.71 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Gradient Investments LLC grew its position in Marsh & McLennan Companies by 29.4% in the 2nd quarter. Gradient Investments LLC now owns 445 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 101 shares during the last quarter. Tower View Investment Management & Research LLC lifted its holdings in shares of Marsh & McLennan Companies by 0.4% during the 1st quarter. Tower View Investment Management & Research LLC now owns 31,032 shares of the financial services provider’s stock worth $2,683,000 after acquiring an additional 111 shares during the period. BerganKDV Wealth Management LLC lifted its holdings in shares of Marsh & McLennan Companies by 33.2% during the 1st quarter. BerganKDV Wealth Management LLC now owns 469 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 117 shares during the period. ETRADE Capital Management LLC lifted its holdings in shares of Marsh & McLennan Companies by 0.4% during the 1st quarter. ETRADE Capital Management LLC now owns 28,323 shares of the financial services provider’s stock worth $2,449,000 after acquiring an additional 118 shares during the period. Finally, Ameritas Investment Company LLC lifted its holdings in shares of Marsh & McLennan Companies by 51.7% during the 1st quarter. Ameritas Investment Company LLC now owns 361 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 123 shares during the period. Institutional investors own 87.39% of the company’s stock.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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Analyst Recommendations for Marsh & McLennan Companies (NYSE:MMC)

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