Mead Johnson Nutrition CO (MJN) Receives $82.50 Consensus PT from Brokerages
Mead Johnson Nutrition CO (NYSE:MJN) has earned a consensus rating of “Hold” from the fifteen analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $82.50.
A number of equities analysts have weighed in on MJN shares. BMO Capital Markets reaffirmed a “hold” rating and set a $90.00 price target on shares of Mead Johnson Nutrition CO in a research report on Thursday, June 15th. BidaskClub raised Mead Johnson Nutrition CO from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Zacks Investment Research downgraded Mead Johnson Nutrition CO from a “hold” rating to a “sell” rating in a report on Friday, April 28th. Finally, Canaccord Genuity reissued a “speculative buy” rating on shares of Mead Johnson Nutrition CO in a report on Wednesday, July 5th.
Mead Johnson Nutrition CO (NYSE MJN) traded down 0.01% during midday trading on Tuesday, hitting $89.98. 11,923,467 shares of the stock traded hands. The company has a 50-day moving average price of $89.62 and a 200-day moving average price of $84.34. Mead Johnson Nutrition CO has a 1-year low of $69.25 and a 1-year high of $94.40.
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Several hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new stake in shares of Mead Johnson Nutrition CO during the first quarter worth approximately $106,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Mead Johnson Nutrition CO during the first quarter worth approximately $120,000. Creative Planning raised its stake in shares of Mead Johnson Nutrition CO by 4.3% in the first quarter. Creative Planning now owns 2,169 shares of the company’s stock worth $193,000 after buying an additional 89 shares during the last quarter. Fiduciary Trust Co. purchased a new stake in shares of Mead Johnson Nutrition CO during the first quarter worth approximately $205,000. Finally, St. Louis Trust Co purchased a new stake in shares of Mead Johnson Nutrition CO during the first quarter worth approximately $212,000. 88.40% of the stock is currently owned by hedge funds and other institutional investors.
About Mead Johnson Nutrition CO
Mead Johnson Nutrition Company (Mead Johnson) is a pediatric nutrition company. The Company manufactures, distributes and sells infant formulas, children’s nutrition and other nutritional products. The Company operates through three segments: Asia, Latin America and North America/Europe. Its product portfolio includes routine and specialty infant formulas, children’s milks and milk modifiers, dietary supplements for pregnant and breastfeeding mothers, pediatric vitamins, and products for pediatric metabolic disorders.
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