Johnson & Johnson (NYSE:JNJ) does about 7.15M shares in volume on a normal day but saw 7087018 shares change hands in Friday trading. The company now has a market cap of 355.34B USD. Its current market price is $147.52, marking a decrease of -0.85% compared to the previous close of $148.79. The 52 week high reached by this stock is $175.97 whilst the lowest price level in 52 weeks is $144.95.
Johnson & Johnson (JNJ) has a 20-day trading average at $154.50 and the current price is -16.17% off the 52-week high compared with 1.77% distance from its 52-week low. The 50-day simple moving average of the closing price is $157.24 and its 200-day simple moving average is $158.91. If we look at the stock’s price movements over the week, volatility stands at 1.27%, which decreases to 1.24% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 23.65 to suggest the stock is oversold.
The consensus objective for the share price is $176.33, suggesting that the stock has a potential upside of 16.34% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 13, 2023 when Wells Fargo downgraded the stock to “Equal Weight” and issued a price target of between $170 and $163. UBS upgraded the stock to “Buy” from Neutral on December 01, 2023 at a price target of $167-$180. RBC Capital Mkts initiated its price target at $178.
Johnson & Johnson (JNJ) stock is down -3.20% over the week and -8.43% over the past month. Its price is -5.88% year-to-date and -10.00% over the past year.
To reach the target analysts have set, the stock logically needs to grow 16.34 percent from here.
The company has a return on investment of 14.80% and return on equity of 18.57%. The price to earnings ratio (P/E ratio) amounts to 26.45 while the forward price to earnings ratio is 13.38. The beta has a value of 0.53. Price to book ratio is 5.16 and price to sales ratio is 3.82.
