Mead Johnson Nutrition CO Target of Unusually Large Options Trading (MJN)
Shares of Mead Johnson Nutrition CO (NYSE:MJN) were the target of unusually large options trading activity on Wednesday. Stock traders purchased 5,313 put options on the stock, AnalystRatings.NET reports. This is an increase of 1,186% compared to the typical volume of 413 put options.
Several analysts have recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of Mead Johnson Nutrition CO from $82.00 to $92.00 in a research note on Wednesday, July 23rd. They now have a “market perform” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Mead Johnson Nutrition CO in a research note on Wednesday, July 23rd. They now have a $109.00 price target on the stock, up previously from $105.00. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Mead Johnson Nutrition CO in a research note on Wednesday, July 23rd. They now have a $105.00 price target on the stock, up previously from $97.00. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $99.78.
Shares of Mead Johnson Nutrition CO (NYSE:MJN) traded down 1.52% on Wednesday, hitting $93.93. 2,535,759 shares of the company’s stock traded hands. Mead Johnson Nutrition CO has a 1-year low of $73.23 and a 1-year high of $98.36. The stock has a 50-day moving average of $93.99 and a 200-day moving average of $88.31. The company has a market cap of $18.989 billion and a P/E ratio of 29.27.
Mead Johnson Nutrition CO (NYSE:MJN) last announced its earnings results 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. On average, analysts predict that Mead Johnson Nutrition CO will post $3.72 earnings per share for the current fiscal year.
Mead Johnson Nutrition Company (NYSE:MJN) is a global pediatric nutrition company.
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