Jefferies Group Analysts Give Johnson & Johnson (JNJ) a $153.00 Price Target

Johnson & Johnson (NYSE:JNJ) has been assigned a $153.00 price objective by analysts at Jefferies Group in a report issued on Friday. The brokerage presently has a “buy” rating on the stock. Jefferies Group’s price target points to a potential upside of 17.30% from the stock’s previous close.

JNJ has been the subject of several other research reports. Vetr lowered Johnson & Johnson from a “hold” rating to a “sell” rating and set a $124.55 price target for the company. in a research note on Thursday, April 5th. JPMorgan Chase lowered Johnson & Johnson from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 2nd. Zacks Investment Research upgraded Johnson & Johnson from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Wednesday. BTIG Research restated a “sell” rating and issued a $110.00 price target on shares of Johnson & Johnson in a research note on Wednesday, January 24th. Finally, TheStreet lowered Johnson & Johnson from an “a” rating to a “c+” rating in a research note on Monday, March 26th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $144.03.

NYSE JNJ opened at $130.43 on Friday. The stock has a market cap of $347,784.63, a price-to-earnings ratio of 17.87, a P/E/G ratio of 2.06 and a beta of 0.74. Johnson & Johnson has a fifty-two week low of $120.95 and a fifty-two week high of $148.32. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.51.



Johnson & Johnson (NYSE:JNJ) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.02. The business had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.08 billion. Johnson & Johnson had a return on equity of 29.00% and a net margin of 1.70%. The company’s revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the business posted $1.58 EPS. analysts forecast that Johnson & Johnson will post 8.11 EPS for the current year.

In other Johnson & Johnson news, VP Paulus Stoffels sold 155,342 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $129.86, for a total transaction of $20,172,712.12. Following the completion of the sale, the vice president now directly owns 357,906 shares in the company, valued at approximately $46,477,673.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.22% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of JNJ. Vanguard Group Inc. boosted its holdings in shares of Johnson & Johnson by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 200,450,985 shares of the company’s stock worth $26,517,661,000 after purchasing an additional 3,023,110 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Johnson & Johnson by 2.6% during the 2nd quarter. BlackRock Inc. now owns 174,073,764 shares of the company’s stock worth $23,028,219,000 after purchasing an additional 4,332,612 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Johnson & Johnson by 0.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 36,594,054 shares of the company’s stock worth $4,757,593,000 after purchasing an additional 130,437 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Johnson & Johnson by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 30,521,157 shares of the company’s stock worth $4,256,109,000 after purchasing an additional 939,488 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Johnson & Johnson by 5.9% during the 2nd quarter. FMR LLC now owns 27,237,648 shares of the company’s stock worth $3,603,268,000 after purchasing an additional 1,509,745 shares during the last quarter. Institutional investors own 67.24% of the company’s stock.

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Johnson & Johnson Company Profile

Johnson & Johnson, together with its subsidiaries, researches and develops, manufactures, and sells various products in the health care field worldwide. Its Consumer segment offers baby care products under the JOHNSON'S brand; oral care products under the LISTERINE brand; beauty products under the AVEENO, CLEAN & CLEAR, DABAO, JOHNSON'S Adult, LE PETITE MARSEILLAIS, NEUTROGENA, RoC, and OGX brands; over-the-counter medicines, including acetaminophen products under the TYLENOL brand; cold, flu, and allergy products under the SUDAFED brand; allergy products under the BENADRYL and ZYRTEC brands; ibuprofen products under the MOTRIN IB brand; and acid reflux products under the PEPCID brand.

Analyst Recommendations for Johnson & Johnson (NYSE:JNJ)

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