Analyst Revises Johnson & Johnson (NYSE:JNJ) Stock Target


Johnson & Johnson (NYSE:JNJ) mean price target is revealed at $126.76 by Thomson Reuters. The group followed the stock recommendations given by experts in the First Call poll. Also, it is possible that the firm may list per share earnings of $1.58 in the coming quarter and $6.69 for the ongoing fiscal. The market cap of Johnson & Johnson Common Stock was $323.52B after the equity closed at $118.63 in last trading day.

What The Valuation Says?

The price/earnings ratio is listed in the group of ratios that are used for stock valuation. Commonly entitled as P/E ratio, it aids investors know where the firm positions in the market. It is a consequent when share’s latest price is divided by per-share earnings. Johnson & Johnson (NYSE:JNJ) has a P/E ratio of 22.04. Investors can ascertain how the stock is doing in the industry by assessing Price-to-Earnings Growth ratio.

In common, a high P/E proposes that investors are predicting higher earnings surge in the future compared to firms with a lower P/E ratio. A low P/E can direct either that a firm may currently be underrated or that the firm is doing extremely well comparative to its past trends. When a firm has no earnings or is recording losses, in both circumstances P/E will be stated as “N/A.” Though it is likely to compute a negative P/E, it is not the common convention.

Johnson & Johnson (NYSE:JNJ) PEG ratio sits at 2.71. A low PEG ratio presents an investment opportunity to the resourceful traders and investors. The stocks with a reading in between 0 and 1 are undervalued equities. A reading of 1 and 2 denotes fairly priced stocks.

Technical Perspective

The technical study of Johnson & Johnson Common Stock visibly elucidates that the 50-day MA of Johnson & Johnson Common Stock is $121.42, and stock is trading $-3.17 points away or -2.61% from 50-day moving average of $121.42. It is trading $2.54 or +2.20% away 200-day moving average of $115.71. Johnson & Johnson (NYSE:JNJ) 52-week high is $126.07 and the 52-week low is $89.90. This represents that if the equity moves $-7.82 points upside on the chart, it will hit a 52-week high. On the other hand, if it plunges +31.54%, then the share price can log a new 52-week low.

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