Johnson & Johnson [NYSE: JNJ] jumped around 0.16 points on Tuesday, while shares priced at $159.69 at the close of the session, up 0.10%.
Compared to the average trading volume of 6.57M shares, JNJ reached a trading volume of 4755744 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Johnson & Johnson [JNJ]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for JNJ shares is $172.16 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on JNJ stock is a recommendation set at 2.26. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Daiwa Securities have made an estimate for Johnson & Johnson shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 23, 2024. While these analysts kept the previous recommendation, Goldman raised their target price to Neutral. The new note on the price target was released on May 30, 2024, representing the official price target for Johnson & Johnson stock. Previously, the target price had yet another raise to $170, while HSBC Securities analysts kept a Buy rating on JNJ stock. On December 13, 2023, analysts decreased their price target for JNJ shares from 170 to 163.
The Average True Range (ATR) for Johnson & Johnson is set at 1.89, with the Price to Sales ratio for JNJ stock in the period of the last 12 months amounting to 4.44. The Price to Book ratio for the last quarter was 5.37, with the Price to Cash per share for the same quarter was set at 10.58. Price to Free Cash Flow for JNJ in the course of the last twelve months was 18.93 with Quick ratio for the last quarter at 0.85.
How has JNJ stock performed recently?
Johnson & Johnson [JNJ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.42. With this latest performance, JNJ shares dropped by -4.15% in over the last four-week period, additionally plugging by 4.86% over the last 6 months – not to mention a rise of 1.30% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for JNJ stock in for the last two-week period is set at 38.19, with the RSI for the last a single of trading hit 30.03, and the three-weeks RSI is set at 44.05 for Johnson & Johnson [JNJ]. The present Moving Average for the last 50 days of trading for this stock 162.50, while it was recorded at 160.24 for the last single week of trading, and 155.88 for the last 200 days.
Johnson & Johnson [JNJ]: Deeper insight into the fundamentals
Johnson & Johnson’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.85 and a Current Ratio set at 1.07.
Earnings analysis for Johnson & Johnson [JNJ]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for JNJ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Johnson & Johnson go to 3.10%.
Insider trade positions for Johnson & Johnson [JNJ]
There are presently around $72.67%, or 72.73%% of JNJ stock, in the hands of institutional investors. The top three institutional holders of JNJ stocks are: VANGUARD GROUP INC with ownership of 229.04 million shares, which is approximately 9.5109%. BLACKROCK INC., holding 198.19 million shares of the stock with an approximate value of $$28.97 billion in JNJ stocks shares; and BLACKROCK INC., currently with $$19.45 billion in JNJ stock with ownership which is approximately 5.5266%.
