Johnson & Johnson (JNJ) Given New $160.00 Price Target at Jefferies Group LLC
Johnson & Johnson (NYSE:JNJ) had its price target lifted by Jefferies Group LLC from $157.00 to $160.00 in a note issued to investors on Monday. The firm presently has a “buy” rating on the stock. Jefferies Group LLC’s price objective points to a potential upside of 12.36% from the stock’s previous close. Jefferies Group also issued estimates for Johnson & Johnson’s FY2017 earnings at $7.27 EPS, FY2018 earnings at $8.18 EPS, FY2019 earnings at $8.96 EPS, FY2020 earnings at $9.69 EPS and FY2021 earnings at $10.58 EPS.
A number of other analysts have also recently commented on JNJ. Barclays PLC upped their price target on Johnson & Johnson from $140.00 to $148.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Cowen and Company restated an “outperform” rating and issued a $155.00 price target (up previously from $147.00) on shares of Johnson & Johnson in a research report on Wednesday. Morgan Stanley restated a “hold” rating and issued a $145.00 price target (up previously from $140.00) on shares of Johnson & Johnson in a research report on Wednesday. Argus upped their price target on Johnson & Johnson from $145.00 to $165.00 and gave the stock a “positive” rating in a research report on Wednesday. Finally, Wells Fargo & Company restated an “outperform” rating and issued a $155.00 price target (up previously from $149.00) on shares of Johnson & Johnson in a research report on Wednesday. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. Johnson & Johnson presently has a consensus rating of “Hold” and a consensus target price of $141.66.
Shares of Johnson & Johnson (JNJ) traded up 0.25% during midday trading on Monday, reaching $142.40. The company had a trading volume of 5,634,523 shares. The company’s 50-day moving average is $133.77 and its 200-day moving average is $130.75. The stock has a market capitalization of $382.20 billion, a PE ratio of 24.77 and a beta of 0.78. Johnson & Johnson has a 1-year low of $109.32 and a 1-year high of $143.62.
Johnson & Johnson (NYSE:JNJ) last posted its quarterly earnings data on Tuesday, October 17th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.10. The company had revenue of $19.65 billion during the quarter, compared to analysts’ expectations of $19.29 billion. Johnson & Johnson had a return on equity of 27.68% and a net margin of 21.28%. Johnson & Johnson’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.68 earnings per share. On average, equities research analysts forecast that Johnson & Johnson will post $7.27 EPS for the current year.
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In other Johnson & Johnson news, VP Paulus Stoffels sold 102,692 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $133.14, for a total transaction of $13,672,412.88. Following the transaction, the vice president now directly owns 230,342 shares in the company, valued at approximately $30,667,733.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.19% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harding Loevner LP purchased a new position in shares of Johnson & Johnson in the 2nd quarter valued at $106,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in shares of Johnson & Johnson by 29.9% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 870 shares of the company’s stock valued at $115,000 after acquiring an additional 200 shares during the period. Lenox Wealth Advisors Inc. increased its holdings in shares of Johnson & Johnson by 0.6% in the 2nd quarter. Lenox Wealth Advisors Inc. now owns 876 shares of the company’s stock valued at $116,000 after acquiring an additional 5 shares during the period. Mountain Capital Investment Advisors Inc purchased a new position in shares of Johnson & Johnson in the 2nd quarter valued at $124,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Johnson & Johnson by 241.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,190 shares of the company’s stock valued at $149,000 after acquiring an additional 841 shares during the period. Institutional investors own 65.90% of the company’s stock.
Johnson & Johnson Company Profile
Johnson & Johnson is a holding company, which is engaged in the research and development, manufacture and sale of a range of products in the healthcare field. It operates through three segments: Consumer, Pharmaceutical and Medical Devices. Its primary focus is products related to human health and well-being.
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