Investment analysts at UBS AG upped their price objective on shares of Marsh & McLennan Cos. (NYSE:MMC) from $46.00 to $52.00 in a note issued to investors on Thursday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective would suggest a potential upside of 10.12% from the stock’s previous close.
Marsh & McLennan Cos. (NYSE:MMC) traded down 0.13% on Thursday, hitting $47.16. 876,701 shares of the company’s stock traded hands. Marsh & McLennan Cos. has a 52-week low of $33.95 and a 52-week high of $47.97. The stock’s 50-day moving average is $46.5 and its 200-day moving average is $42.87. The company has a market cap of $25.880 billion and a price-to-earnings ratio of 20.03.
Marsh & McLennan Cos. (NYSE:MMC) last released its earnings data on Wednesday, November 6th. The company reported $0.46 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.46. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter last year, the company posted $0.39 earnings per share. Marsh & McLennan Cos.’s revenue was up 3.1% compared to the same quarter last year. On average, analysts predict that Marsh & McLennan Cos. will post $2.47 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Marsh & McLennan Cos. in a research note to investors on Friday, November 22nd. They now have a $50.00 price target on the stock. Finally, analysts at Credit Suisse reiterated a “buy” rating on shares of Marsh & McLennan Cos. in a research note to investors on Sunday, November 10th. They now have a $48.00 price target on the stock. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $46.75.
Marsh & McLennan Companies, Inc is a global professional services firm providing advice and solutions in the areas of risk, strategy and human capital.
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