JNJ is currently trading at $173.95
It appears they will be reporting $9.80/share in earnings for the past year.
Estimate for next full year is $10.39
$9.80 works out to an earnings yield of 5.6%
$10.39 works out to an earnings yield of 6.0%
There are a number of professional analyst following this stock.
Most are recommending it as a Buy (1 hold).
Price target ranges between $161 to $215.
So, current price is within range.
An average price target of $189 represents a 9% appreciation in price.
To me, that’s not a very strong Buy.
However, I already own shares, 1.2% of total portfolio, so will Hold for now.