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What Are The Chances Of Johnson & Johnson. (JNJ) Being A Good Investment?

Johnson & Johnson (NYSE:JNJ) has a beta value of 0.60 and has seen 7.12 million shares traded in the last trading session. The company, currently valued at $427.21B, closed the last trade at $164.97 per share which meant it lost -$1.31 on the day or -0.79% during that session. The JNJ stock price is -13.17% off its 52-week high price of $186.69 and 5.61% above the 52-week low of $155.72. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.05 million shares traded. The 3-month trading volume is 6.94 million shares.

The consensus among analysts is that Johnson & Johnson (JNJ) is an Overweight stock at the moment, with a recommendation rating of 2.40. 0 analysts rate the stock as a Sell, while 3 rate it as Overweight. 12 out of 21 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $2.52.

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Johnson & Johnson (NYSE:JNJ) trade information

Sporting -0.79% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 09/20/22 when the JNJ stock price touched $164.97 or saw a rise of 1.59%. Year-to-date, Johnson & Johnson shares have moved -3.57%, while the 5-day performance has seen it change 2.26%. Over the past 30 days, the shares of Johnson & Johnson (NYSE:JNJ) have changed -2.56%. Short interest in the company has seen 13.61 million shares shorted with days to cover at 1.91.

Wall Street analysts have a consensus price target for the stock at $187.66, which means that the shares’ value could jump 12.09% from current levels. The projected low price target is $165.00 while the price target rests at a high of $215.00. In that case, then, we find that the current price level is -30.33% off the targeted high while a plunge would see the stock gain -0.02% from current levels.

Johnson & Johnson (JNJ) estimates and forecasts

Figures show that Johnson & Johnson shares have underperformed across the wider relevant industry. The company’s shares have lost -6.18% over the past 6 months, with this year growth rate of 2.55%, compared to 10.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are -3.10% and 6.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be 1.50%.

12 analysts offering their estimates for the company have set an average revenue estimate of $23.49 billion for the current quarter. 12 have an estimated revenue figure of $24.12 billion for the next quarter concluding in Dec 2022.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 5.70% over the past 5 years. Earnings growth for 2022 is a modest 44.70% while over the next 5 years, the company’s earnings are expected to increase by 4.07%.

JNJ Dividends

Johnson & Johnson is expected to release its next earnings report between April 18 and April 22 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 4.52 at a share yield of 2.74%. The company’s dividend yield has gone up over the past 12 months.

Johnson & Johnson (NYSE:JNJ)’s Major holders

Insiders own 0.09% of the company shares, while shares held by institutions stand at 70.32% with a share float percentage of 70.38%. Investors are also buoyed by the number of investors in a company, with Johnson & Johnson having a total of 4,535 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 238.14 million shares worth more than $42.21 billion. As of Mar 30, 2022, Vanguard Group, Inc. (The) held 9.05% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 200.8 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $35.59 billion and represent 7.63% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Mar 30, 2022, the former fund manager holds about 2.88% shares in the company for having 75.91 million shares of worth $13.45 billion while later fund manager owns 57.61 million shares of worth $10.21 billion as of Mar 30, 2022, which makes it owner of about 2.19% of company’s outstanding stock.

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