why Marsh & McLennan Cos., Inc. [MMC] is a Good Choice for Investors After New Price Target of $230.83

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Marsh & McLennan Cos., Inc. [NYSE: MMC] closed the trading session at $226.92.

The stocks have a year to date performance of 19.77 percent and weekly performance of 1.52 percent. The stock has been moved at 12.49 percent over the last six months. The stock has performed 0.32 percent around the most recent 30 days and changed 4.69 percent over the most recent 3-months.

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If compared to the average trading volume of 1.63M shares, MMC reached to a volume of 2442674 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Marsh & McLennan Cos., Inc. [MMC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MMC shares is $230.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MMC stock is a recommendation set at 2.92. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Marsh & McLennan Cos., Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on September 05, 2024. The new note on the price target was released on April 17, 2024, representing the official price target for Marsh & McLennan Cos., Inc. stock. Previously, the target price had yet another raise to $212, while Wells Fargo analysts kept a Equal Weight rating on MMC stock.

The Average True Range (ATR) for Marsh & McLennan Cos., Inc. is set at 3.57, with the Price to Sales ratio for MMC stock in the period of the last 12 months amounting to 4.72. The Price to Book ratio for the last quarter was 8.35, with the Price to Cash per share for the same quarter was set at 3.36. Price to Free Cash Flow for MMC in the course of the last twelve months was 30.75.

MMC stock trade performance evaluation

Marsh & McLennan Cos., Inc. [MMC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.52. With this latest performance, MMC shares gained by 0.32% in over the last four-week period, additionally plugging by 12.49% over the last 6 months – not to mention a rise of 18.87% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MMC stock in for the last two-week period is set at 54.49, with the RSI for the last a single of trading hit 56.12, and the three-weeks RSI is set at 54.05 for Marsh & McLennan Cos., Inc. [MMC]. The present Moving Average for the last 50 days of trading for this stock 225.03, while it was recorded at 226.69 for the last single week of trading, and 210.16 for the last 200 days.

Earnings per share (EPS) analysis for Marsh & McLennan Cos., Inc. [MMC] stock

With the latest financial reports released by the company, Marsh & McLennan Cos., Inc. posted 1.57/share EPS, while the average EPS was predicted by analysts to be reported at 1.39/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.18. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MMC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Marsh & McLennan Cos., Inc. go to 7.59%.

Marsh & McLennan Cos., Inc. [MMC]: Institutional Ownership

There are presently around $90.86%, or 90.94%% of MMC stock, in the hands of institutional investors. The top three institutional holders of MMC stocks are: VANGUARD GROUP INC with ownership of 44.04 million shares, which is approximately 8.9509%. BLACKROCK INC., holding 42.34 million shares of the stock with an approximate value of $$8.92 billion in MMC stocks shares; and BLACKROCK INC., currently with $$4.41 billion in MMC stock with ownership which is approximately 4.2534%.