JNJ - Johnson & Johnson
Chart Events
Price Crosses Moving Average
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 143.26 |
| Open | 144.01 |
| Bid | 141.43 x 800 |
| Ask | 141.50 x 800 |
| Day's Range | 140.82 - 145.39 |
| 52 Week Range | 109.16 - 154.50 |
| Volume | 6,880,989 |
| Avg. Volume | 10,984,498 |
| Market Cap | 373.188B |
| Beta (5Y Monthly) | 0.66 |
| PE Ratio (TTM) | 25.14 |
| EPS (TTM) | 5.63 |
| Earnings Date | Apr 13, 2020 |
| Forward Dividend & Yield | 3.80 (2.76%) |
| Ex-Dividend Date | Feb 23, 2020 |
| 1y Target Est | 156.18 |
Fair Value
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As the product can detect positive results in five minutes and negative results in 13 minutes, much faster than any other available COVID-19 tests, Wall Street focus has locked in on ABT. Weighing in for Barclays, analyst Kristen Stewart believes the test will be performed on the ID NOW platform, an isothermal nucleic acid amplification technology, and thus offers advantages that go beyond its speed. “The system is easy to use with minimal training. The tests are CLIA waived, which is an advantage and allows for the placement in physician offices and urgent care offices. We estimate there are at least 15,000 systems in the United States, placed throughout physician offices, urgent care offices, and other healthcare facilities,” Stewart explained. 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The $97.89 average price target implies only slightly less upside potential than Stewart’s forecast. (See Abbott stock analysis on TipRanks)Johnson & Johnson (JNJ) Next up is a consumer goods and healthcare heavyweight, Johnson & Johnson, which is developing a vaccine against COVID-19. After the company identified a lead candidate, one analyst thinks JNJ is one of the names capable of fueling the stock market’s turnaround. With a lead experimental vaccine candidate selected, Kristen Stewart, who also covers ABT, points out that at the latest, JNJ can kick off Phase 1 human clinical studies by September 2020. According to management, the first doses of the vaccine could be available under Emergency Use Authorization (EUA) in early 2021. Adding to the good news, JNJ has significantly expanded its partnership with the Biomedical Advanced Research and Development Authority (BARDA), with both entities pledging more than $1 billion to co-fund the vaccine’s development and clinical testing. If that wasn’t enough, Stewart notes “BARDA and JNJ have provided additional funding to allow expansion of ongoing work to identify anti-viral treatments against COVID-19.” However, while JNJ has ramped up the scaling of manufacturing capacity and has a target of supplying more than 1 billion vaccine doses, there is a risk that the candidate won’t eventually receive approval. Having said that, Stewart argues the real goal is to develop an affordable vaccine “on a not-for-profit basis for emergency pandemic use.” She added, “Thus we would anticipate the cost it would charge for the vaccine would recoup the cost of development, cost of scaling up the manufacturing, and cost of production. Thus, we would not look at the vaccine as being a windfall or major positive from a financial perspective. 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Here's a roundup of top developments in the biotech space over the last 24 hours.Scaling The Peaks (Biotech Stocks Hitting 52-week Highs April 2)BELLUS Health Inc (NASDAQ: BLU)Down In The Dumps (Biotech Stocks Hitting 52-week Lows April 2) * BIOLASE Inc (NASDAQ: BIOL) * BioNano Genomics Inc (NASDAQ: BNGO) (priced $18 million common stock and warrant offering) * Celcuity Inc (NASDAQ: CELC) * China SXT Pharmaceuticals Inc (NASDAQ: SXTC) * Eloxx Pharmaceuticals Inc (NASDAQ: ELOX) * ENDRA Life Sciences Inc (NASDAQ: NDRA) * Eyepoint Pharmaceuticals Inc (NASDAQ: EYPT) * Madrigal Pharmaceuticals Inc (NASDAQ: MDGL) * Mediwound Ltd (NASDAQ: MDWD) * Merus NV (NASDAQ: MRUS) * Myokardia Inc (NASDAQ: MYOK) * Neovasc Inc (NASDAQ: NVCN) * Opko Health Inc. 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- Financial Times
Johnson & Johnson chief looks to the greater good
Since the start of the crisis, Alex Gorsky, Johnson & Johnson chief executive, has started every video call by asking his colleagues to talk about something positive in their lives. With a half billion dollar investment from Mr Gorsky, matched by the same amount from the US government to speed up the process, J&J’s researchers had come up with a drug they believed could be ready for human trials by September. The vaccine, Johnson & Johnson said, would be available on a not-for-profit basis.
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Bull of the Day: Regeneron Pharmaceuticals, Inc. (REGN)
Bull of the Day: Regeneron Pharmaceuticals, Inc. (REGN)
