Johnson & Johnson's stock value has jumped 12% after the company reported strong fourth-quarter earnings.
The company reported earnings per share of $2.35, which beat analyst expectations of $2.29. Revenue also came in above expectations, at $23.7 billion.
The strong earnings were driven by growth in the company's pharmaceutical and medical device businesses. The company's pharmaceutical sales grew by 6.3%, while its medical device sales grew by 4.2%.
The company also announced that it is raising its dividend by 5%, to $1.05 per share.
Johnson & Johnson is a large and well-established company with a long history of paying dividends. The company's stock is considered to be a safe investment, and it is often held by investors who are looking for income and stability.
The recent increase in Johnson & Johnson's stock value is a sign that investors are confident in the company's future. The company's strong earnings and its decision to raise its dividend are both positive signs for investors.
There are several benefits to investing in Johnson & Johnson, including:
There are a few common mistakes that investors should avoid when investing in Johnson & Johnson, including:
Johnson & Johnson is one of the largest healthcare companies in the world. The company's stock is often compared to other healthcare stocks, such as Pfizer, Merck, and AbbVie.
The following table compares Johnson & Johnson's stock performance to that of other healthcare stocks over the past year:
Company | Stock Price (1-Year) | Total Return (1-Year) |
---|---|---|
Johnson & Johnson | $175.00 | 12.0% |
Pfizer | $53.00 | 25.0% |
Merck | $92.00 | 18.0% |
AbbVie | $136.00 | 20.0% |
As you can see, Johnson & Johnson's stock has performed well over the past year, but it has not performed as well as some other healthcare stocks. This is likely due to the fact that Johnson & Johnson is a more diversified company than other healthcare stocks and has a lower exposure to the pharmaceutical industry.
Analysts are generally positive on Johnson & Johnson's stock. The following table summarizes the analyst recommendations for Johnson & Johnson's stock:
Analyst | Recommendation | Target Price |
---|---|---|
Goldman Sachs | Buy | $190.00 |
Morgan Stanley | Buy | $185.00 |
Citigroup | Buy | $180.00 |
As you can see, the majority of analysts recommend buying Johnson & Johnson's stock. The average target price for Johnson & Johnson's stock is $185.00, which implies a potential upside of 7.5% from the current price.
Johnson & Johnson is a large and well-established company with a long history of paying dividends. The company's stock is considered to be a safe investment, and it is often held by investors who are looking for income and stability.
The recent increase in Johnson & Johnson's stock value is a sign that investors are confident in the company's future. The company's strong earnings and its decision to raise its dividend are both positive signs for investors.
For more information on Johnson & Johnson, please visit the company's website at www.jnj.com.
Quarter | Revenue | Earnings per Share |
---|---|---|
Q4 2022 | $23.7 billion | $2.35 |
Period | Stock Price | Total Return |
---|---|---|
1-Year | $175.00 | 12.0% |
5-Year | $145.00 | 25.0% |
10-Year | $100.00 | 50.0% |
Analyst | Recommendation | Target Price |
---|---|---|
Goldman Sachs | Buy | $190.00 |
Morgan Stanley | Buy | $185.00 |
Citigroup | Buy | $180.00 |
Company | Stock Price (1-Year) | Total Return (1-Year) |
---|---|---|
Johnson & Johnson | $175.00 | 12.0% |
Pfizer | $53.00 | 25.0% |
Merck | $92.00 | 18.0% |
AbbVie | $136.00 | 20.0% |
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