Johnson & Johnson (NYSE:JNJ)‘s stock had its “outperform” rating reiterated by research analysts at Leerink Swann in a research report issued on Wednesday, The Fly reports. They currently have a $160.00 price target on the stock, down from their prior price target of $175.00. Leerink Swann’s target price indicates a potential upside of 25.44% from the company’s current price. Leerink Swann also issued estimates for Johnson & Johnson’s FY2018 earnings at $8.15 EPS, Q1 2019 earnings at $2.27 EPS and Q3 2019 earnings at $2.12 EPS. The analysts noted that the move was a valuation call.
JNJ has been the subject of several other reports. Zacks Investment Research cut Johnson & Johnson from a “buy” rating to a “hold” rating in a research note on Monday, April 9th. Jefferies Group set a $153.00 target price on Johnson & Johnson and gave the stock a “buy” rating in a research note on Friday, April 13th. Vetr cut Johnson & Johnson from a “strong-buy” rating to a “hold” rating and set a $124.55 target price for the company. in a research note on Monday, March 26th. Credit Suisse Group set a $154.00 target price on Johnson & Johnson and gave the stock a “hold” rating in a research note on Monday, January 22nd. Finally, Royal Bank of Canada restated a “buy” rating on shares of Johnson & Johnson in a research note on Tuesday, January 9th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $142.98.
Shares of JNJ stock opened at $127.55 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.41 and a quick ratio of 1.12. The company has a market capitalization of $350,226.03, a P/E ratio of 17.47, a P/E/G ratio of 2.08 and a beta of 0.74. Johnson & Johnson has a 1 year low of $121.35 and a 1 year high of $148.32.
Johnson & Johnson (NYSE:JNJ) last issued its quarterly earnings results on Tuesday, April 17th. The company reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.06. The business had revenue of $20.01 billion during the quarter, compared to analysts’ expectations of $19.50 billion. Johnson & Johnson had a return on equity of 30.05% and a net margin of 1.58%. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.83 earnings per share. analysts predict that Johnson & Johnson will post 8.11 earnings per share for the current year.
In other news, VP Paulus Stoffels sold 155,342 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $129.86, for a total transaction of $20,172,712.12. Following the completion of the transaction, the vice president now directly owns 357,906 shares in the company, valued at $46,477,673.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in JNJ. Vanguard Group Inc. increased its holdings in Johnson & Johnson by 1.5% in the second quarter. Vanguard Group Inc. now owns 200,450,985 shares of the company’s stock valued at $26,517,661,000 after purchasing an additional 3,023,110 shares during the period. BlackRock Inc. increased its holdings in Johnson & Johnson by 2.6% in the second quarter. BlackRock Inc. now owns 174,073,764 shares of the company’s stock valued at $23,028,219,000 after purchasing an additional 4,332,612 shares during the period. Bank of New York Mellon Corp increased its holdings in Johnson & Johnson by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 36,594,054 shares of the company’s stock valued at $4,757,593,000 after purchasing an additional 130,437 shares during the period. Geode Capital Management LLC increased its holdings in Johnson & Johnson by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 30,521,157 shares of the company’s stock valued at $4,256,109,000 after purchasing an additional 939,488 shares during the period. Finally, FMR LLC increased its holdings in Johnson & Johnson by 5.9% in the second quarter. FMR LLC now owns 27,237,648 shares of the company’s stock valued at $3,603,268,000 after purchasing an additional 1,509,745 shares during the period. Institutional investors own 67.23% of the company’s stock.
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Johnson & Johnson Company Profile
Johnson & Johnson, together with its subsidiaries, researches and develops, manufactures, and sells various products in the health care field worldwide. Its Consumer segment offers baby care products under the JOHNSON'S brand; oral care products under the LISTERINE brand; beauty products under the AVEENO, CLEAN & CLEAR, DABAO, JOHNSON'S Adult, LE PETITE MARSEILLAIS, NEUTROGENA, RoC, and OGX brands; over-the-counter medicines, including acetaminophen products under the TYLENOL brand; cold, flu, and allergy products under the SUDAFED brand; allergy products under the BENADRYL and ZYRTEC brands; ibuprofen products under the MOTRIN IB brand; and acid reflux products under the PEPCID brand.
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