Marsh & McLennan Companies, Inc. (NYSE:MMC)’s beta now stands at 0.78 and when compared to its 200-day moving average and its 50-day moving average, MMC price stands 2.15% above and 1.28% above respectively. The stock dropped by -4.87% or -$4.36 from its last recorded high of $89.59 which it attained on December 04 to close at $85.23 per share. Over the past 52 weeks, the shares of Marsh & McLennan Companies, Inc. has been trading as low as $77.11 before witnessing a massive surge by 10.53% or $8.12. This price movement has led to the MMC stock receiving more attention and has become one to watch out for. It dipped by -1.79% on Thursday and this got the market worried. Its average daily volatility for this week is 2.19% which is more than the 1.72% recorded over the past month.
Marsh & McLennan Companies, Inc. (MMC) sank -2.4% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 0.26% and is now up by 4.72% since start of this year. A look at its monthly performance shows that the stock has recorded a -0.57% fall over the past 30 days. Its equity price dipped by -0.13% over the past three months which led to its overall six-month increase to stand at 3.7%.
Experts from research firms are bullish about the near-term performance of Marsh & McLennan Companies, Inc. with most of them predicting a $91.38 price target on a short-term (12 months) basis. The average price target by the analysts will see a 7.22% rise in the stock and would lead to MMC’s market cap to surge to $46.06B. The stock has been rated an average 2.5, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 17 analysts that track Marsh & McLennan Companies, Inc. (NYSE:MMC) and find out that 10 of them rated it as a Hold. 6 of the 7 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.
A look at MMC technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 45.93 point. Its trading volume has added 1050372 shares compared to readings over the past three months as it recently exchanged 2960372 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 1910000 shares, and this is 1.55 times the normal volume.
Analysts have predicted a price target for BB&T Corporation (BBT) for 1 year and it stands at an average $55.82/share. This means that it would likely increase by 15.95% from its current position. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $52. On the other hand, one analyst is super bullish about the price, setting a target as high as $63.
The BBT stock Stochastic Oscillator (%D) is at 25.05%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 4.71 which compares to the 7.82 recorded by the industry or the 10.24 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 11.01, which is lower than the 13.17 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -0.1% over the past five years.
Analysts view BB&T Corporation (NYSE:BBT) as a Hold, with 2.4 consensus rating. Reuters surveyed 26 analysts that follow BBT and found that 14 of those analysts rated the stock as a Hold. The remaining 12 were divided, with 12 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying BB&T Corporation (BBT) shares or sell it if they already own it.