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Vaccine incoming! (JNJ)


Johnson & Johnson (JNJ)

I have been “stuck on Johnson & Johnson like Band-Aid’s stuck on me” after reports surfaced that the pharma giant would be prepping a COVID-19 vaccine. With $1 billion committed towards the development of a vaccine and expanding on its partnerships has seen others like Pfizer (PFE) join the fold to develop a vaccine.

Click logo to view Johnson & Johnson (JNJ) shares.
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Johnson & Johnson (JNJ) first quarter of 2020 earnings beat analyst’s expectations by some margin, with Revenues up 3.3%, an increase in Net Income and on Earnings Per Share (EPS) of $2.17. The company has also declared a $1.01 per share quarterly dividend, which is a 6.3% increase from the prior dividend.

The company has lowered its forward guidance for the rest of the year due to the coronavirus pandemic headwinds. Johnson & Johnson has also been in and out of court battling lawsuits. The latest being a "$750 million punitive damages verdict in a suit alleging its baby powder caused four people to develop mesothelioma, Johnson & Johnson is seeking a new trial or a reduced verdict.” – New Jersey Law Journal

Johnson & Johnson (JNJ) share overview:

  • Sector: Health Care
  • Market Cap of $391.76 Billion
  • Dividend Yield: 2.74%
  • Price/Earnings (LTM): 23.2x
  • Next Earnings: 16 July 2020
  • 52 Week Range low of $111.14 and $155.51 per share high.

Johnson & Johnson (JNJ) has declared a $1.01 per share dividend and the stock will go ex-dividend on the 22nd of Mary 2020 with the dividend payable date scheduled for the 9th of June 2020. For more details on other company’s dividends expected over the week, head on over to the Nasdaq Dividend Calendar.

Chart Life

The share price regained its losses from the coronavirus pandemic and has gained over 8% in value over the last year. The $143.21 per share support level will be watched closely as a possible lower entry point before a potential move higher. The share price is still trading above its 50-day simple moving average of the price (blue line) which supports a move higher for now.

The solid red line on the chart is the current price target expectations of the analyst on Johnson & Johnson (JNJ) at $161.43 per share.


jnj chart

Informed decisions

This is a sector and stock to watch, if any positive results are obtained from the development of a coronavirus vaccine, we might expect the share price to go into orbit.

Portfolio particulars

  • Portfolio Hold (Current)*
  • Portfolio Buy opportunity: Neutral**
  • WhatsTheBeef long term target price: Neutral.

Know your company: Johnson & Johnson (JNJ)

  • Johnson & Johnson is an American multinational corporation founded in 1886 that develops medical devices, pharmaceutical and consumer packaged goods.
  • Robert Wood Johnson joined his brothers, James Wood Johnson and Edward Mead Johnson, to create a line of ready-to-use surgical dressings in 1885. The company produced its earliest products in 1886.
  • Those products initially featured a logo that resembled the signature of James Wood Johnson, very similar to the logo used today.
  • Robert Wood Johnson's granddaughter, Mary Lea Johnson Richards, was the first baby to appear on a Johnson & Johnson baby powder label.

Click logo to view Johnson & Johnson (JNJ) shares.
on EasyEquities

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Source – EasyResearch, Johnson & Johnson, SeekingAlpha, Koyfin, Investor’s Business Daily, Wikipedia.

Take note – all stock data and pricing were taken on 12 May 2020 before the U.S. market close.

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Barry is a market analyst with GT247, with a wealth of experience in the investment markets. Now in his tenth year in the markets, Barry "The Beef" Dumas brings a combination of technical analysis and fundamental insights to the table

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