Marsh (NYSE:MRSH) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Marsh (NYSE:MRSH) had its target price raised by Morgan Stanley from $190.00 to $195.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 4.28% from the company’s current price.

Separately, Wells Fargo & Company boosted their target price on Marsh from $199.00 to $203.00 and gave the company an “equal weight” rating in a research report on Friday. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Marsh currently has an average rating of “Hold” and a consensus target price of $199.33.

Marsh Trading Down 0.5%

MRSH traded down $0.92 during trading hours on Friday, hitting $187.00. 801,274 shares of the company’s stock were exchanged, compared to its average volume of 2,666,008. The stock has a market capitalization of $91.61 billion, a price-to-earnings ratio of 22.18 and a beta of 0.76. Marsh has a 1-year low of $174.18 and a 1-year high of $248.00.

Marsh (NYSE:MRSH) last posted its quarterly earnings results on Thursday, January 29th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. The company had revenue of $6.60 billion during the quarter, compared to analyst estimates of $6.52 billion. During the same period last year, the firm earned $1.87 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year.

About Marsh

Marsh is a global insurance broker and risk advisor that helps organizations assess, manage and transfer a broad range of risks. The firm provides insurance placement and broking services for commercial and public-sector clients as well as specialty solutions for families and high-net-worth individuals. Its work focuses on identifying exposures, designing risk-transfer strategies and securing coverage from insurers and reinsurers to protect clients’ assets and operations.

Services offered by Marsh include commercial property and casualty broking, cyber and professional-liability placement, employee benefits consulting, and industry-specific specialty lines such as marine, energy and construction.