JNJ Have Been Given Their Q3 Earnings By Analysts

JNJ
JNJ

Quite a few stock analysts have already provided estimates into the earnings of JNJ in a 20th April research report. D. Antalffy, one of the major analysts for the firm has predicted that the company would be earning an EPS of $2.36 for this quarter, which is quite a reduction from the previous estimate of $2.59. The company also has a rating of outperform with a price target of $200 on its shares. 

The Quarterly Estimates Of JNJ

JNJ previously updated its quarterly report on the 19th of April. The EPS reported by the company over the period was $2.59, with the consensus estimate set at $2.34. The return on equity for the company was 34.64%, with a 21.01% net margin. The revenue generated by the company over the period was $22.30 billion, which was less than the analyst sum of $22 billion. 

There have been quite a few research equities that have commented on the stocks of JNJ. Morgan Stanley has already increased the price target of the firm from $178 to $187 with a rating of overweight in a 27th January research report.

JPMorgan Chase & Co has also increased the target price of the company from $157 to $175 with a rating of neutral in a 27th January research report. Credit Suisse Group has also increased the price target of the company from $168 to $193 with a rating of outperform in a 27th January research report. 

One of the research analysts has already given the stocks of this company a rating of sell, while three others have given it a rating of hold. Close to eleven others have issued the company a rating of buy. Currently, JNJ has a buy rating with a $180.69 consensus target. 

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