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Johnson & Johnson (NYSE:JNJ) continued gains for an eighth straight session, because the inventory closed 1.08% greater at $164.10 on Friday.
The New-Jersey primarily based healthcare large gained 2.44% within the previous seven sessions. Overall the inventory has gained about 3.6% to this point this yr in comparison with a 17% rise within the broader S&P 500 Index.
JNJ is up 2% over the previous one month. The inventory closed 0.57% greater on Thursday at $162.35.
Looking at Seeking Alpha’s Quant ranking, JNJ has a HOLD ranking with a rating of three.26 out of 5. The firm has obtained A+ by way of profitability, whereas an F within the prospect of revisions.
Among the Wall Street analysts, 11 analysts have given JNJ a Buy and above. 12 analysts suggest to Hold the inventory, whereas none of them suggest Sell.
Seeking Alpha analysts are additionally bullish and have rated the pharmaceutical large a Buy.
Johnson & Johnson’s chemotherapy-free drug mixture received approval within the U.S. on Tuesday because the first-line of remedy for sufferers with EGFR-mutated superior lung most cancers pointing in direction of regained optimism within the inventory’s future.
JNJ additionally lately introduced plans to amass V-Wave, an organization which focuses on remedy choices for cardiovascular ailments for an upfront fee of $600M.
Seeking Alpha investor Leo Nelissen was bullish on JNJ and famous that the corporate is regaining momentum with sturdy development in its MedTech section, pushed by new merchandise and strategic acquisitions.
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Source: Seekingalpha