In a report released yesterday, Lorenzo Biasio from Credit Suisse maintained a Hold rating on Johnson & Johnson (JNJ – Research Report), with a price target of $179.00. The company’s shares closed last Thursday at $171.31.
According to TipRanks.com, Biasio is a 4-star analyst with an average return of 6.7% and a 58.9% success rate. Biasio covers the Healthcare sector, focusing on stocks such as Edwards Lifesciences, Coherus Biosciences, and Intuitive Surgical.
Johnson & Johnson has an analyst consensus of Moderate Buy, with a price target consensus of $189.17, which is an 11.2% upside from current levels. In a report issued on July 8, Morgan Stanley also maintained a Hold rating on the stock with a $174.00 price target.
Johnson & Johnson’s market cap is currently $449.2B and has a P/E ratio of 24.81.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JNJ in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Johnson & Johnson provides healthcare products across three segments: Consumer, Pharmaceutical, and Medical Devices. The Consumer segment includes products used in the baby care, oral care, beauty, over-the-counter pharmaceutical, women’s health, and wound care markets. The Pharmaceutical segment focuses on therapeutic areas such as immunology, infectious diseases ad vaccines, neuroscience, oncology, cardiovascular and metabolism, and pulmonary hypertension. The Medical Devices segment offers products used in the orthopedic, surgery, cardiovascular, diabetes care, and eye health fields. The company was founded by Robert Wood Johnson I, James Wood Johnson and Edward Mead Johnson Sr. in 1886 and is headquartered in New Brunswick, NJ.
Read More on JNJ:
- Cummins (CMI) Gets a Hold Rating from Barclays
- CNH Industrial (CNHI) Gets a Buy Rating from Barclays
- Barclays Keeps a Hold Rating on Caterpillar (CAT)
- Seagate Tech (STX) Receives a Rating Update from a Top Analyst
- Analysts Offer Insights on Financial Companies: W. R. Berkley Corporation (WRB) and Alpine Income Property Trust Inc (PINE)