Johnson & Johnson Shares Worth a Look
Submitted by WSN_Staff on Wed, 03/16/2011 - 17:32.
Johnson & Johnson (NYSE:JNJ) is less than 2% away from its 52-week low, its shares ended the day at $57.66. Perhaps its time to take a look at the classic bellweather company.
Johnson & Johnson (JNJ) shares have traded between $56.86 and $66.20 over the past 12 months. J&J shares are now trading with a P/E Ratio of 12.2 and EPS of 4.78. In the past five trading sessions J&J has lost 4.5% and as a result pays out a 3.75% dividend yield.
| CO. | Current Price | Price Target | % Change |
| JNJ | $ 57.66 | $ 64.00 | 11.0% |
Equities research analysts at Piper Jaffray reiterated a “neutral” rating on shares of Johnson & Johnson (NYSE: JNJ) in a research note to investors last Friday. Separately, analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Johnson & Johnson in a research note to investors on Tuesday, February 8th. They now have a $64 price target on the stock.
The average consensus analyst price target on J&J is around $64. That implies a 11% gain in the next 12 months from today's closing price.
Johnson & Johnson's CEO is also making the news today for his high pay depsite a low year:
Bottom line: J&J should be considered if the market plunges its stock to a new 52-week low. Johnson & Johnson pays a 3.75% dividend yield and its massive market cap of $157.7 billion provides some safety from the volatile action of Wall Street.
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