Johnson & Johnson (JNJ) Price Target Raised to $142.00 at Stifel Nicolaus
Johnson & Johnson (NYSE:JNJ) had its target price hoisted by equities researchers at Stifel Nicolaus from $140.00 to $142.00 in a research report issued to clients and investors on Wednesday. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 0.86% from the stock’s current price.
A number of other research analysts have also commented on the stock. UBS AG restated a “buy” rating and set a $148.00 price target (up from $136.00) on shares of Johnson & Johnson in a research report on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) lowered shares of Johnson & Johnson from a “neutral” rating to a “sell” rating and boosted their price target for the company from $125.00 to $130.00 in a research report on Wednesday, September 20th. BMO Capital Markets restated a “buy” rating and set a $145.00 price target on shares of Johnson & Johnson in a research report on Friday, September 1st. Alembic Global Advisors lowered shares of Johnson & Johnson from a “neutral” rating to an “underweight” rating in a research report on Friday, July 21st. Finally, Morgan Stanley boosted their price target on shares of Johnson & Johnson from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, July 5th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $138.35.
Shares of Johnson & Johnson (NYSE:JNJ) opened at 140.79 on Wednesday. The company has a 50 day moving average price of $132.57 and a 200 day moving average price of $130.27. The company has a market capitalization of $377.88 billion, a PE ratio of 23.82 and a beta of 0.78. Johnson & Johnson has a 52 week low of $109.32 and a 52 week high of $141.12.
Johnson & Johnson (NYSE:JNJ) last released its quarterly earnings results on Tuesday, October 17th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.10. The firm had revenue of $19.65 billion during the quarter, compared to analyst estimates of $19.29 billion. Johnson & Johnson had a net margin of 22.52% and a return on equity of 26.76%. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.68 EPS. On average, equities research analysts expect that Johnson & Johnson will post $7.18 earnings per share for the current year.
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In other Johnson & Johnson news, VP Dominic J. Caruso sold 82,591 shares of the company’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $136.72, for a total value of $11,291,841.52. Following the sale, the vice president now owns 226,693 shares in the company, valued at $30,993,466.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Paulus Stoffels sold 102,692 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $133.14, for a total transaction of $13,672,412.88. Following the completion of the sale, the vice president now owns 230,342 shares in the company, valued at approximately $30,667,733.88. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Lynch & Associates IN grew its holdings in Johnson & Johnson by 0.9% in the second quarter. Lynch & Associates IN now owns 93,710 shares of the company’s stock worth $12,397,000 after purchasing an additional 841 shares during the period. Oakbrook Investments LLC grew its holdings in Johnson & Johnson by 7.4% in the second quarter. Oakbrook Investments LLC now owns 136,124 shares of the company’s stock worth $18,008,000 after purchasing an additional 9,375 shares during the period. Trexquant Investment LP purchased a new stake in Johnson & Johnson in the first quarter worth about $1,731,000. Bollard Group LLC grew its holdings in Johnson & Johnson by 5.0% in the second quarter. Bollard Group LLC now owns 9,551 shares of the company’s stock worth $1,263,000 after purchasing an additional 459 shares during the period. Finally, Adams Diversified Equity Fund Inc. grew its holdings in Johnson & Johnson by 278.0% in the second quarter. Adams Diversified Equity Fund Inc. now owns 241,900 shares of the company’s stock worth $32,001,000 after purchasing an additional 177,900 shares during the period. Institutional investors and hedge funds own 65.90% of the company’s stock.
About Johnson & Johnson
Johnson & Johnson is a holding company, which is engaged in the research and development, manufacture and sale of a range of products in the healthcare field. It operates through three segments: Consumer, Pharmaceutical and Medical Devices. Its primary focus is products related to human health and well-being.
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