Jefferies Group Reiterates “$153.00” Price Target for Johnson & Johnson (JNJ)

Jefferies Group set a $153.00 target price on Johnson & Johnson (NYSE:JNJ) in a research report released on Friday. The firm currently has a buy rating on the stock. Jefferies Group also issued estimates for Johnson & Johnson’s Q1 2018 earnings at $2.00 EPS and FY2018 earnings at $8.16 EPS.

Several other research firms have also recently weighed in on JNJ. Wells Fargo restated an outperform rating and issued a $160.00 price objective (up previously from $155.00) on shares of Johnson & Johnson in a research report on Friday, January 12th. Vetr upgraded shares of Johnson & Johnson from a hold rating to a buy rating and set a $150.89 price objective for the company in a research report on Thursday, January 11th. Credit Suisse Group set a $154.00 price objective on shares of Johnson & Johnson and gave the stock a hold rating in a research report on Monday, January 22nd. Royal Bank of Canada restated a buy rating on shares of Johnson & Johnson in a research report on Tuesday, January 9th. Finally, BTIG Research restated a sell rating and issued a $110.00 price objective on shares of Johnson & Johnson in a research report on Wednesday, January 24th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $144.03.

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JNJ stock opened at $131.76 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.41 and a quick ratio of 1.12. Johnson & Johnson has a fifty-two week low of $120.95 and a fifty-two week high of $148.32. The company has a market capitalization of $350,440.66, a P/E ratio of 18.05, a P/E/G ratio of 2.08 and a beta of 0.74.

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

In other Johnson & Johnson news, VP Paulus Stoffels sold 155,342 shares of Johnson & Johnson stock in a transaction on Thursday, February 15th. The shares were 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 owns 357,906 shares of the company’s stock, valued at approximately $46,477,673.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.22% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the company. Goodman Financial Corp acquired a new position in shares of Johnson & Johnson in the 4th quarter valued at $104,000. Harding Loevner LP acquired a new position in shares of Johnson & Johnson in the 2nd quarter valued at $106,000. Stelac Advisory Services LLC acquired a new position in Johnson & Johnson in the 4th quarter worth $108,000. IHT Wealth Management LLC boosted its stake in Johnson & Johnson by 46.4% in the 2nd quarter. IHT Wealth Management LLC now owns 10,942 shares of the company’s stock worth $122,000 after purchasing an additional 3,467 shares during the period. Finally, Mountain Capital Investment Advisors Inc acquired a new position in Johnson & Johnson in the 2nd quarter worth $124,000. 67.23% of the stock is owned by institutional investors.

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About Johnson & Johnson

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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