Market Analysts see Marsh & McLennan Cos., Inc [MMC] gaining to $250. Time to buy?

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Marsh & McLennan Cos., Inc [NYSE: MMC] gained 0.73% on the last trading session, reaching $215.92 price per share at the time.

If compared to the average trading volume of 1.83M shares, MMC reached a trading volume of 2150652 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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Here is what top equities market gurus are saying 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 $235.50 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 2.74. 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.

RBC Capital Mkts have made an estimate for Marsh & McLennan Cos., Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on Dec-13-24. While these analysts kept the previous recommendation, Evercore ISI raised their target price to Outperform. The new note on the price target was released on November 25, 2024, representing the official price target for Marsh & McLennan Cos., Inc stock. Previously, the target price had yet another raise to $236, while Barclays analysts kept a Equal Weight rating on MMC stock.

The Average True Range (ATR) for Marsh & McLennan Cos., Inc is set at 3.70, with the Price to Sales ratio for MMC stock in the period of the last 12 months amounting to 4.43. The Price to Book ratio for the last quarter was 7.75, with the Price to Cash per share for the same quarter was set at 3.66. Price to Free Cash Flow for MMC in the course of the last twelve months was 28.14.

Trading performance analysis for MMC stock

Marsh & McLennan Cos., Inc [MMC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.41. With this latest performance, MMC shares dropped by -4.11% in over the last four-week period, additionally plugging by 3.06% over the last 6 months – not to mention a rise of 7.34% 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 34.26, with the RSI for the last a single of trading hit 28.14, and the three-weeks RSI is set at 38.39 for Marsh & McLennan Cos., Inc [MMC]. The present Moving Average for the last 50 days of trading for this stock 224.02, while it was recorded at 217.84 for the last single week of trading, and 215.50 for the last 200 days.

Marsh & McLennan Cos., Inc [MMC]: An earnings per share (EPS) analysis

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 8.78%.

An analysis of Institutional ownership at Marsh & McLennan Cos., Inc [MMC]

There are presently around $90.65%, or 90.74%% 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%.