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Merck & Co., Inc.
Merck & Co., Inc. (NYSE: MRK) is a medicine, vaccine, biologics, and animal health company. It creates drugs to treat various illnesses, including cardiometabolic disease, cancer, and infections. The company also sells vaccines for hepatitis B, pediatric disorders, HPV, and shingles, among other conditions.
Why should Investors Book Profits?
Valuation Methodology: Price/Earnings Per Share Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's FY1 trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
Stock Recommendation:
MRK's share price has remained trending throughout the year; moreover, it gained 12.84% in the past month. It is currently leaning towards the higher band of its 52-week range of USD 69.46 to USD 91.40. We have valued the stock using the Price/Earnings multiple-based relative valuation methodology and arrived at a target price of USD 75.00.
Considering the company's sequential decline in margins, highly leveraged balance sheet, current valuation, associated risks, and bearish technical indicators, we recommend a "Sell" rating on the stock at the closing price of USD 86.80, up 2.15% as of April 07 2022.
Three-Year Technical Price Chart (as of April 07, 2022). Analysis by Kalkine Group
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.