News Trade12 - Deutsche Bank reaffirmed Buy rating on JNJ

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Deutsche Bank reaffirmed Buy rating on JNJ

Company shares of JNJ declined by about 0.02% during the Wednesday session, and hit $101.71. The trading volume of the stock settled at 8,155,043 shares. The stock’s 50-day moving average posted $100.71, and its 200-day moving average registered at $98.83. It posted a one-year low of $81.79, and a one-year high of $105.49. The market cap of the firm settled at $281.43 billion along with an 18.57 price-to-earnings (P/E) ratio. 

JNJ recently issued its financial earnings on January 26th. It posted a quarterly earnings per share (EPS) of $1.44, topping the analysts’ consensus estimate of $1.42 by $0.02. The company has earned about $17.80 billion during the quarter, compared to the consensus estimate of $17.88 billion. Amid the same period in the prior year, it has earned an EPS of $1.27. Its quarterly revenue tumbled 2.4%, compared to the same quarter in the previous year. Analysts are expecting the company to post an EPS of $6.52 for the current fiscal year. 


The company currently disclosed a dividend for the quarter, which will be paid on March 8th. Stockholders of record on February 23rd will be issued a dividend of $0.75. It suggests an annual dividend for the quarter of $3.00, and a 2.95% dividend yield. The ex-dividend date is settled on February 19th. It is an increased on the company’s prior quarterly dividend which posted $0.61.

A few analysts currently weigh in on the JNJ stock. BTIG Research reiterated a rating of “buy” and gave a target price of $115.00 on Wednesday. Vetr upgraded a rating of “hold” into a “buy” and issued a target price of $105.00 on January 4th. Credit Suisse reassigned a rating of “neutral” and assigned a target price of $110.00, which was previously up from $109.00 on November 4th. Atlantic Securities began coverage on JNJ shares on December 18th. It has restated a rating of “neutral” and set a target price of $95.00. Lastly, Zacks Investment Research lifted a rating of “sell” into a “hold” on January 15th.

One analyst of which gave a sell rating on the stock, ten have issued a rating of hold, and ten set a rating of buy. The average consensus rating of the stock settled at “Hold”, along with a $107.83 consensus target price. 

On the February 3rd transaction, VP Peter Fasolo sold 151,385 shares. The average price of the sold shares settled at $104.12, with a total transaction value of $15,762,206.20. After the acquisition, the president now owns 37,735 shares, worth $3,928,968.20. The transaction was disclosed in a legal Form 4 filing with the Securities and Exchange Commission (SEC). 


Many hedge funds made changes on the JNJ stock. EisnerAmper Wealth Management increased shares by about 1.0% in the fourth quarter. It now owns about 10,234 shares, valuing at $1,051,000 after purchasing an additional 101 shares amid the prior quarter. Renaissance Investment Group upgraded shares by about 7.0% in the fourth quarter. It now owns about 20,673 shares, with a total value of $2,123,000 after purchasing an additional 1,347 shares amid the prior quarter. EQIS Capital Management lifted shares of 212.6% in the fourth quarter. It now owns about 23,224 shares, totaling at $2,386,000 after purchasing an additional 15,795 shares amid the prior quarter. Stillwater Investment Management raised shares about 2.2% in the fourth quarter. It now owns about 31,216 shares, valuing at $3,206,000 after purchasing an additional 658 shares amid the prior quarter. Lastly, Assetmark increased shares by about 288.0% in the third quarter. It now owns about 87,528 shares, with a value of $8,171,000 after purchasing an additional 64,970 shares amid the prior quarter. 

As the Deutsche Bank reaffirmed “Buy” rating on JNJ, tons of investors will likely watch out for signals about this company stock. You too can earn bigger profits and execute better trades here at Trade12 by reading the latest market updates on our official website, Striving to become the best forex broker for you, Trade12 reviews daily market events essential to your trading activities to help you develop a keen understanding of what is forex and certain trends involving stocks, currencies, indices, commodities, and metals. With all the positive Trade12 feedback from clients, you will be assured that your trading account is safe and secured.

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