#4 - Johnson & Johnson (NYSE:JNJ)
No list of pharmaceutical stocks would seem complete without Johnson & Johnson (NYSE: JNJ) on the list. Like Pfizer, JNJ was one of the big winners in the Covid-19 vaccine race. And one of the recent news items driving the stock is the company’s application to provide booster shots for its vaccine. A decision is expected later in October.
This could be the catalyst that JNJ stock needs to break it out of the doldrums. So far, the stock is flat in 2021. However, JNJ stock is trading in the middle of its 52-week range and analysts give the stock a 20% upside from its current level.
Of course, Johnson & Johnson also has a number of its products currently in the market. And investors shouldn’t forget that Johnson & Johnson is part of the elite Dividend Kings club. The company has increased its dividend every year for the last 59 years. And currently, it sports a dividend yield of 2.67%.
About Johnson & Johnson
Johnson & Johnson is a holding company, which engages in the research, development, manufacture, and sale of products in the healthcare field. It operates through the Innovative Medicine and MedTech segments. The Innovative Medicine segment focuses on immunology, infectious diseases, neuroscience, oncology, cardiovascular and metabolism, and pulmonary hypertension.
Read More - Current Price
- $145.39
- Consensus Rating
- Hold
- Ratings Breakdown
- 6 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $173.27 (19.2% Upside)
