Mead Johnson Nutrition Upgraded to Outperform at Zacks (MJN)
Mead Johnson Nutrition (NYSE:MJN) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday, Stock Ratings Network.com reports. The firm currently has a $86.80 price objective on the stock. Zacks‘ target price would suggest a potential upside of 4.70% from the stock’s previous close.
Shares of Mead Johnson Nutrition (NYSE:MJN) traded up 1.06% on Tuesday, hitting $83.78. The stock had a trading volume of 799,820 shares. Mead Johnson Nutrition has a one year low of $65.38 and a one year high of $86.87. The stock’s 50-day moving average is $83.96 and its 200-day moving average is $78.52. The company has a market cap of $16.922 billion and a P/E ratio of 26.75.
Mead Johnson Nutrition (NYSE:MJN) last released its earnings data on Thursday, October 24th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.79 by $0.12. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $998.04 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue was up 13.6% on a year-over-year basis. Analysts expect that Mead Johnson Nutrition will post $3.37 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Mead Johnson Nutrition from $86.00 to $94.00 in a research note to investors on Monday, December 9th. They now have a “buy” rating on the stock. Finally, analysts at Oppenheimer upgraded shares of Mead Johnson Nutrition from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, November 19th. They now have a $100.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Mead Johnson Nutrition currently has an average rating of “Hold” and an average price target of $86.48.
Mead Johnson Nutrition Company (NYSE:MJN) is a global pediatric nutrition company.
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