Stock To Watch: Johnson & Johnson (NYSE:JNJ)


The leading market experts have placed a mean price target of $126.39 on Johnson & Johnson (NYSE:JNJ) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.57 a share for the upcoming quarter and $6.69 for the current fiscal. Technical View The technical analysis of Johnson & Johnson Common Stock plainly substantiates that the 50-day moving average of Johnson & Johnson Common Stock is $120.43, and stock is hovering 4.26 or +3.54% distant from $120.43. It is noted that the 200-day MA is $110.97, and Johnson & Johnson Common Stock stock is $13.72 or +12.37% off from this point. Johnson & Johnson (NYSE:JNJ) 52-week high is $126.07 and the 52-week low is $81.79. This explains if the stock moves $-1.38, it will post a 52-week high. In event of $+52.45% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Johnson & Johnson Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Johnson & Johnson (NYSE:JNJ) ratio came in at 23.24. The stock last ended the trading session at $124.69 and registered a market cap of $342.98B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Johnson & Johnson (NYSE:JNJ) PEG ratio is at 2.86.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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