By
Tolu Ajiboye
April 5th, 2024
Johnson & Johnson (JNJ) stock rose by 4.20% on April 9 to hit $143.26. The rise coincided with the positive ratings by different analysts like Citigroup. They believe the stock may reach $163.
Johnson & Johnson (NYSE: JNJ) stock opened the day with the bulls ready to push more upwards. The stock rose by $5.78, which is approximately 4.20%, on April 9 to clinch slightly above $143. The pre-market price stands at $142, which means that JNJ stock started to fall. And now it is trading 0.88% down.
Just to compare, according to the sources, on Tuesday JNJ shares dropped by 1.63%, to ratify at $137.48. The total sum of shares that were traded in the recent session is 11,314,546. It continued to point out that the average exchange volume remained unchanged at 10.85 million shares.
In order to assess the current and prospective value of JNJ shares, it is prudent to consider the 52-week price high and low. Using that analogy, JNJ shares are low by 11.02% from the high point of 52 weeks and a whopping 25.94% from the lows. This is because the 52-week all-time high stands at $154.50 and with an all-time low of $109.16.
Besides that, traders and investors may also consider the Average True Range. Using a 14-day ATR, JNJ shares are scoring 7.29, at the time of reporting.
As the shares jumped higher in market price, the firm’s enterprise value leapt to $376.93 billion, hence a price to earnings ratio of about 24.42. In addition, in the past five business days, the shares rose by 4.84% but grew by 0.76% in the past 30 business days.
Despite the recent rise, the stock value fell 5.17% during the past quarter. However, its output experienced an uptick of about 3.24% during the past six months. On the other hand, the annual output of the stock rose by 0.98%.
Wall Street Ratings of Johnson & Johnson (JNJ) Stock Market
On average, Johnson & Johnson shares got an overweight proposal from 19 brokerage firms. In detail, Zero Equity Research analysts rated the stock with a selling strategy, five of them gave a hold signal, eleven of them pushed the purchase tip button, three of them gave overweight advice, and none gave the shares under the overweight category.
The JNJ shares received an average price goal of one year at $156.88.
According to Citigroup, Johnson & Johnson (JNJ) stock is signaling a buy. On the best side of all is that the stocks have an operating margin of +26.24 and a gross margin of +66.95. The current net margin of the stocks stands at +18.41.