Brokerages Set Marsh (NYSE:MRSH) Target Price at $204.83

Marsh (NYSE:MRSH) has received an average recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $204.8571.

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada reissued a “sector perform” rating and issued a $200.00 target price on shares of Marsh in a report on Friday, January 30th. Citigroup lifted their price objective on shares of Marsh from $201.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday. Morgan Stanley upped their target price on shares of Marsh from $190.00 to $195.00 and gave the company an “equal weight” rating in a research report on Friday, January 30th. Cantor Fitzgerald lifted their price target on Marsh from $208.00 to $212.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Wells Fargo & Company boosted their price objective on Marsh from $199.00 to $203.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th.

Marsh Stock Performance

Shares of Marsh stock opened at $189.61 on Monday. Marsh has a twelve month low of $174.18 and a twelve month high of $248.00. The company has a quick ratio of 1.12, a current ratio of 1.10 and a debt-to-equity ratio of 1.20. The stock has a market cap of $92.89 billion, a PE ratio of 19.33, a PEG ratio of 2.95 and a beta of 0.75.

Marsh (NYSE:MRSH) last announced 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. Marsh had a return on equity of 31.60% and a net margin of 15.42%.The company had revenue of $6.60 billion during the quarter, compared to analyst estimates of $6.52 billion. During the same period in the prior year, the company earned $1.87 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis.

Marsh Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Thursday, January 29th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, January 29th. This represents a $3.60 annualized dividend and a dividend yield of 1.9%. Marsh’s payout ratio is currently 42.70%.

Marsh Company Profile

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.