Mead Johnson Nutrition Sees Unusually Large Options Volume (MJN)
Shares of Mead Johnson Nutrition (NYSE:MJN) was the target of unusually large options trading activity on Friday. Traders acquired 13,715 put options on the company, Analyst Ratings.Net reports. This is an increase of 298% compared to the average daily volume of 3,448 put options.
MJN has been the subject of a number of recent research reports. Analysts at Socgen initiated coverage on shares of Mead Johnson Nutrition in a research note to investors on Friday. They set a “buy” rating on the stock. Separately, analysts at Societe Generale initiated coverage on shares of Mead Johnson Nutrition in a research note to investors on Thursday. They set a “buy” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Mead Johnson Nutrition in a research note to investors on Tuesday. They now have a $94.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $85.53.
Shares of Mead Johnson Nutrition (NYSE:MJN) traded down 3.12% during mid-day trading on Friday, hitting $76.89. 5,428,796 shares of the company’s stock traded hands. Mead Johnson Nutrition has a 52-week low of $66.80 and a 52-week high of $86.87. The stock has a 50-day moving average of $82.53 and a 200-day moving average of $79.10. The company has a market cap of $15.531 billion and a P/E ratio of 25.61.
Mead Johnson Nutrition (NYSE:MJN) last released its earnings data on Friday, January 31st. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.77 by $0.01. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company posted $0.72 earnings per share. Mead Johnson Nutrition’s revenue was up 8.0% compared to the same quarter last year. On average, analysts predict that Mead Johnson Nutrition will post $3.37 earnings per share for the current fiscal year.
Mead Johnson Nutrition Company (NYSE:MJN) is a global pediatric nutrition company.
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