Johnson & Johnson (NYSE:JNJ) Given Price Target Of $125


As per Johnson & Johnson (NYSE:JNJ)’s news release on 2016-07-18, its shareholders will get cash dividend of $0.8 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-23 and 2016-09-06, respectively.

The stock will commence trading ex-dividend from 2016-08-19, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Johnson & Johnson (NYSE:JNJ) disbursed $0.8 in dividend compared to distribution of $0.8, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 6.8841%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Johnson & Johnson (NYSE:JNJ) to attain a price target of $125. It is an average estimate figure given by 13 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $142. The low price range is set at $93 for next year while the arithmetic mean is seen at 2.26.

Eyeing Earnings Johnson & Johnson (NYSE:JNJ) is likely to post quarterly numbers around 2016-10-11 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $1.63 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Johnson & Johnson (NYSE:JNJ) earnings came at $1.74 suggesting a deviation of $0.07. The brokerages targeted EPS of $1.67 for the quarter.

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