Morgan Stanley Analysts Begin Coverage on Marsh & Mclennan Com (MMC)
Analysts at Morgan Stanley (NYSE: MS) started coverage on shares of Marsh & Mclennan Com (NYSE: MMC) in a research report issued to clients and investors on Friday. The firm set an “overweight” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Marsh & Mclennan Com to $38.00 in a research note to investors on Monday, May 7th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Marsh & Mclennan Com in a research note to investors on Wednesday, May 2nd. They now have a $36.00 price target on the stock. Finally, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Marsh & Mclennan Com from $37.00 to $39.00 in a research note to investors on Wednesday, May 2nd. They now have an “overweight” rating on the stock.
Shares of Marsh & Mclennan Com opened at 31.54 on Friday. Marsh & Mclennan Com has a one year low of $25.29 and a one year high of $34.68. The company has a market cap of $17.229 billion and a P/E ratio of 17.16.
Marsh & Mclennan Com last issued its quarterly earnings data on Tuesday, May 1st. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.61 by $0.02. The company’s quarterly revenue was up 5.8% on a year-over-year basis. On average, analysts predict that Marsh & Mclennan Com will post $0.39 earnings per share next quarter.
Marsh & McLennan Companies, Inc. (MMC) is a global professional services firm providing advice and solutions in the areas of risk, strategy and human capital.