Merck KGaA Receives Average Rating of Hold from Six Research Firms

Merck KGaA (OTCMKTS:MKKGY) has received an average rating of 'Hold' from six research firms, according to MarketBeat. Five analysts have given the stock a 'hold' recommendation and one analyst has assigned a 'strong buy' recommendation.

Zacks Research upgraded Merck KGaA shares from a 'hold' rating to a 'strong-buy' rating on July 22nd. HSBC also gave Merck KGaA a 'hold' rating in their research note on July 6th.

The stock opened at $33.17 on Monday and has a market cap of $21.43 billion, a P/E ratio of 14.74, a PEG ratio of 2.92, and a beta of 1.00. Merck KGaA reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.14.

The company's revenue for the quarter was $6.03 billion, compared to analyst estimates of $5.93 billion. Research analysts anticipate that Merck KGaA will post 1.87 earnings per share for the current year.