Raymond James analyst Charles Peters reiterated a Buy rating on Marsh & Mclennan Companies (NYSE:MMC) on Friday, setting a price target of $130, which is approximately 26.27% above the present share price of $102.95.
Peters expects Marsh & Mclennan Companies to post earnings per share (EPS) of $1.13 for the fourth quarter of 2020.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Marsh & Mclennan Companies, with an average price target of $123.
The analysts price targets range from a high of $135 to a low of $113.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $4.19 billion and a net profit of $885 million. The company's market cap is $57.59 billion.
According to TipRanks.com, Raymond James analyst Charles Peters is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 7.0% and a 61.23% success rate.
Marsh & McLennan Cos., Inc. is a professional services firm, which offers clients advice and solutions in risk, strategy and people. It operates through the following business segments: Risk & Insurance Services, and Consulting. The Risk and Insurance Services segment includes risk management activities, as well as insurance and reinsurance broking and services. The Company conducts business in this segment through Marsh and Guy Carpenter. The Consulting segment includes health, wealth & career services & products, specialized management, economic and brand consulting services. The firm conducts business in this segment through Mercer and Oliver Wyman Group. Marsh & McLennan Cos was founded by Henry W. Marsh and Donald R. McLennan in 1871 and is headquartered in New York, NY.