In a report released today, Elyse Greenspan from Wells Fargo maintained a Buy rating on Marsh & Mclennan Companies (NYSE: MMC). The company’s shares closed yesterday at $86.63, close to its 52-week high of $87.89.
Greenspan noted:
“We would expect MMC shares could come under pressure at first due to the multiple paid (25x earnings) and the potential for revenue dissynergies in reinsurance (we expect MMC to address this on its conference call) although we view the deal positively due to growth opportunities it brings.”
According to TipRanks.com, Greenspan is a 4-star analyst with an average return of 6.1% and a 67.4% success rate. Greenspan covers the Financial sector, focusing on stocks such as Renaissancere Holdings Ltd, United Insurance Holdings, and Brighthouse Financial Inc.
Marsh & Mclennan Companies has an analyst consensus of Moderate Buy, with a price target consensus of $92.67.
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Marsh & Mclennan Companies’ market cap is currently $43.76B and has a P/E ratio of 27.07. The company has a Price to Book ratio of 5.67.
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Marsh & McLennan Cos., engages in the provision of advice and solutions in the areas of risk, strategy, and human capital. It operates through the following business segments: Risk and Insurance Services, and Consulting.
