Johnson & Johnson (JNJ) Given “Outperform” Rating at Leerink Swann

Leerink Swann reiterated their outperform rating on shares of Johnson & Johnson (NYSE:JNJ) in a research note issued to investors on Wednesday morning, The Fly reports. They currently have a $160.00 price target on the stock, down from their previous price target of $175.00. Leerink Swann also issued estimates for Johnson & Johnson’s FY2018 earnings at $8.15 EPS, Q1 2019 earnings at $2.27 EPS and Q3 2019 earnings at $2.12 EPS. The analysts noted that the move was a valuation call.

Several other analysts have also recently commented on JNJ. Vetr upgraded shares of Johnson & Johnson from a hold rating to a buy rating and set a $147.14 target price for the company in a research report on Wednesday, December 20th. JPMorgan Chase cut shares of Johnson & Johnson from an overweight rating to a neutral rating in a research report on Tuesday, January 2nd. Royal Bank of Canada reiterated a buy rating on shares of Johnson & Johnson in a research report on Tuesday, January 9th. Wells Fargo reiterated an outperform rating and set a $160.00 target price (up previously from $155.00) on shares of Johnson & Johnson in a research report on Friday, January 12th. Finally, Credit Suisse Group set a $154.00 price target on shares of Johnson & Johnson and gave the company a hold rating in a report on Monday, January 22nd. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $142.98.

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Shares of Johnson & Johnson stock opened at $127.72 on Wednesday. The firm has a market cap of $350,226.03, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 2.08 and a beta of 0.74. Johnson & Johnson has a 52 week low of $121.11 and a 52 week high of $148.32. 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 (NYSE:JNJ) last issued its earnings results on Tuesday, April 17th. The company reported $2.06 EPS for the quarter, beating the consensus estimate of $2.00 by $0.06. The company had revenue of $20.01 billion during the quarter, compared to analysts’ expectations of $19.50 billion. Johnson & Johnson had a net margin of 1.58% and a return on equity of 30.05%. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.83 EPS. sell-side analysts forecast that Johnson & Johnson will post 8.11 EPS for the current year.

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

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

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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.

The Fly

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