Mead Johnson Nutrition CO Reaches New 12-Month High at $89.94 (MJN)
Mead Johnson Nutrition CO (NYSE:MJN) hit a new 52-week high during trading on Monday , AnalystRatings.NET reports. The stock traded as high as $89.94 and last traded at $87.80, with a volume of 544,088 shares. The stock had previously closed at $89.82.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Mead Johnson Nutrition CO in a research note on Monday, June 2nd. They now have a $99.00 price target on the stock, up previously from $97.00. Separately, analysts at Societe Generale raised their price target on shares of Mead Johnson Nutrition CO from $94.00 to $100.00 in a research note on Monday, April 28th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $95.26.
The stock’s 50-day moving average is $87.1 and its 200-day moving average is $83.. The company has a market cap of $17.662 billion and a P/E ratio of 27.48.
Mead Johnson Nutrition CO (NYSE:MJN) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.91 by $0.11. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Analysts expect that Mead Johnson Nutrition CO will post $3.70 EPS for the current fiscal year.
In other Mead Johnson Nutrition CO news, Director Robert S. Singer sold 3,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $89.27, for a total transaction of $267,810.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Mead Johnson Nutrition Company (NYSE:MJN) is a global pediatric nutrition company.
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