Johnson & Johnson (NYSE:JNJ) price on Thursday, August 26, fall -0.53% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $173.30.
A look at the stock’s price movement, the close in the last trading session was $174.23, moving within a range at $173.05 and $174.72. The beta value (5-Year monthly) was 0.71 while the PE ratio in trailing twelve months stood at 26.06. Turning to its 52-week performance, $179.92 and $133.65 were the 52-week high and 52-week low respectively. Overall, JNJ moved 0.65% over the past month.
Johnson & Johnson’s market cap currently stands at around $454.00 billion, with investors looking forward to this quarter’s earnings report slated for Oct 19, 2021. The company has a Forward Dividend ratio of 4.24, with its dividend yield at 2.45%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $2.36, which has seen fiscal year 2021 EPS growth forecast to increase to $9.67 and about $10.44 for fiscal year 2022. Per the data, EPS growth is expected to be 20.40% for 2021 and 8.00% for the next financial year.
Analysts have a consensus estimate of $23.81 billion for the company’s revenue for the quarter, with a low and high estimate of $23.26 billion and $24.22 billion respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $94.44 billion, representing a 14.40% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that JNJ is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
18 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 10 recommend JNJ as a Buy and 3 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 2.93, with JNJ’s current price about -1.08% and 1.63% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.03, while 7-day volatility ratio is 1.01% and 0.99% in the 30-day chart. Further, Johnson & Johnson (JNJ) has a beta value of 0.70, and an average true range (ATR) of 1.93. Analysts have given the company’s stock an average 52-week price target of $189.20, forecast between a low of $160.00 and high of $215.00. Looking at the price targets, the low is 7.67% off current price level while to achieve the yearly target high, price needs to move -24.06%. Nonetheless, investors will most likely welcome a -9.64% jump to $190.00 which is the analysts’ median price.
In the market, a comparison of Johnson & Johnson (JNJ) and its peers suggest the former has performed considerably weaker. Data shows JNJ’s intraday price has changed -0.53% in last session and 13.79% over the past year. Comparatively, The Procter & Gamble Company (PG) has moved -0.18% on the day and only 2.91% in the past 12 months. Moreover, Rogers Corporation (ROG) is also down -2.21% in trading on the day while keeping a an uptrend of 75.78% over the past year. If we look at the PE ratio, we find that Johnson & Johnson’s ratio stands at 26.06 compared to The Procter & Gamble Company’s 25.92. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.58% and -0.54% respectively in the last trading.
If we refocus on Johnson & Johnson (NYSE:JNJ), historical trading data shows that trading volumes averaged 6.12 million over the past 3 months. The company’s latest data on shares outstanding shows there are 2.67 billion shares.
The 0.08% of Johnson & Johnson’s shares are in the hands of company insiders while institutional holders own 69.50% of the company’s shares. Current price change has pushed the stock 10.12% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the JNJ stock continues to rise going into the next quarter.