In today’s recent session, 1,668,228 shares of the Johnson & Johnson (NYSE:JNJ) have been traded, and its beta is 0.72. Most recently the company’s share price was $163.84, and it changed around $0.45 or 0% from the last close, which brings the market valuation of the company to $431.26 Billion. JNJ at last check was trading at a discount to its 52-week high of $173.65, offering almost -5.99% off that amount. The share price’s 52-week low was $133.65, which indicates that the recent value has risen by an impressive 18.43% since then. We note from Johnson & Johnson’s average daily trading volume that its 10-day average is 7.29 Million shares, with the 3-month average coming to 8.15 Million.
Johnson & Johnson stock received a consensus recommendation rating of Overweight, based on a mean score of 1.9. If we narrow it down even further, the data shows that none out of 18 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 6 recommended JNJ as a Hold, whereas 10 deemed it a Buy, and no one rated it as Underweight. Johnson & Johnson is expected to report earnings per share of $2.33 for the current quarter.
Johnson & Johnson (NYSE:JNJ): Trading Information Today
Instantly JNJ has been showing a green trend so far today with a performance of 0.28% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $165.3 on Wednesday, Mar 31 increased the stock’s daily price by 0.94%. The company’s shares are currently up 0.04% year-to-date, but still down -0.0071 over the last five days. On the other hand, Johnson & Johnson (NYSE:JNJ) is 0.05% up in the 30-day period. We can see from the shorts that 17.04 Million shares have been sold at a short interest cover period of 2.09 day (s).
The consensus price target as assigned by Wall Street analysts is $184.25, which translates to bears needing to increase their stock price by 12.46% from its current value. Analyst projections state that JNJ is forecast to be at a low of $153 and a high of $201. In order for the stock price to hit the forecast high, the stock would need to surge +22.68% from its current level, while the stock would need to crash -6.62% from its current level to reach the projected low.
Johnson & Johnson (JNJ) projections and forecasts
Johnson & Johnson share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +11.73 percent over the past six months and at a 18.06% annual growth rate that is well above the industry average of 8.3%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +1.3% in revenue this quarter, and will report an increase of 37.7% in the next quarter. The year-over-year growth rate is expected to be 11.4%, up from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of $21.99 Billion in revenue for the current quarter. 13 analysts expect Johnson & Johnson to make $22.31 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $20.69 Billion and $17.61 Billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 6.3%. Forecasts for the next quarter put sales growth at 26.7%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -0.3%. Johnson & Johnson earnings are expected to decrease by -4.2% in 2021, but the outlook is positive 5.61% per year for the next five years.
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JNJ Dividend Yield
Johnson & Johnson’s next quarterly earnings report is expected to be released around April 20, 2021. The annual dividend yield of the stock is 2.47 percent and its annual dividend per share was $4.04. It is important to note, however, that the 2.47% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.62% per year.
Johnson & Johnson (NYSE:JNJ)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.08% of Johnson & Johnson shares, and 69.81% of them are in the hands of institutional investors. The stock currently has a share float of 69.87%. Johnson & Johnson stock is held by 4095 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Dec 30, 2020, it held 8.66% of the shares, which is about 227.95 Million shares worth $35.87 Billion.
Blackrock Inc., with 7.16% or 188.51 Million shares worth $29.67 Billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 74194846 shares worth $11.68 Billion, making up 2.82% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 52.75 Million shares worth around $8.3 Billion, which represents about 2% of the total shares outstanding.