Mead Johnson Nutrition CO PT Raised to $92.00 (MJN)
Research analysts at BMO Capital Markets upped their price objective on shares of Mead Johnson Nutrition CO (NYSE:MJN) from $82.00 to $92.00 in a report released on Wednesday. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price would indicate a potential downside of 3.24% from the stock’s previous close.
Mead Johnson Nutrition CO (NYSE:MJN) traded down 0.36% on Wednesday, hitting $95.08. The stock had a trading volume of 2,065,484 shares. Mead Johnson Nutrition CO has a 1-year low of $70.54 and a 1-year high of $98.36. The stock has a 50-day moving average of $91.43 and a 200-day moving average of $85.27. The company has a market cap of $19.216 billion and a P/E ratio of 29.19.
Mead Johnson Nutrition CO (NYSE:MJN) last released its earnings data on Tuesday, July 22nd. The company reported $0.88 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.90 by $0.02. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company posted $0.84 earnings per share. Mead Johnson Nutrition CO’s revenue was up 5.3% compared to the same quarter last year. Analysts expect that Mead Johnson Nutrition CO will post $3.71 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Mead Johnson Nutrition CO in a research note on Wednesday. They now have a $109.00 price target on the stock, up previously from $105.00. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Mead Johnson Nutrition CO in a research note on Wednesday. They now have a $105.00 price target on the stock, up previously from $97.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Mead Johnson Nutrition CO in a research note on Wednesday. They now have a $103.00 price target on the stock, up previously from $99.00. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $98.48.
In other Mead Johnson Nutrition CO news, SVP Dirk Hondmann unloaded 15,668 shares of Mead Johnson Nutrition CO stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $97.00, for a total transaction of $1,519,796.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Mead Johnson Nutrition Company (NYSE:MJN) is a global pediatric nutrition company.
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