Mead Johnson Nutrition CO (NYSE:MJN) plunged -0.09% during previous trade, a total of 1.50M shares exchanged hands compared with its average trading volume of 2.45M shares whereas its relative volume is 0.36. The stock has a market capitalization of $16.29B along with 183.40M outstanding shares. Stock’s intraday price range hit the peak level of $88.89 and touched the lowest level of $88.74.
Most recently Mead Johnson Nutrition CO (NYSE:MJN)’s price target was revised on 02/10/17 and according to 9 analysts stock’s price will reach at $88.89 during 52 weeks with standard deviation of 7.89 Stock’s minimum price target estimates has been figured out at $75 while the maximum price target forecast is established at $95, if we look at the price target with an optimistic approach it has upside potential of 70% from its latest closing price of $88.75.
Historically, if we look at price target revisions, two weeks ago Mead Johnson Nutrition CO (NYSE:MJN)’s price target was revised on 02/10/17 by the analysts, however the bullish price estimates of the stock set at $90 while the bearish estimates kept at $75 over the next one year. Stock’s 52-week target was retained at $83.25, the estimates indicates a standard deviation of 7.89.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 3. ABR value is precisely based on brokerage recommendations, where out of 7 brokerage recommendations 0 rate Mead Johnson Nutrition CO (NYSE:MJN) stock a Strong Buy, 0 rate the stocks of the company a Buy, 7 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 4/3/17 the stock of Mead Johnson Nutrition CO (NYSE:MJN) downgraded by Wells Fargo from Outperform to Market Perform. However previously on 3/6/17 it was downgraded by Citigroup from Buy to Neutral. A research note issued on 3/6/17 the stock was downgraded by Credit Suisse from Outperform to Neutral.
Mead Johnson Nutrition CO (NYSE:MJN) performance over the past one year soared 7.54% whereas its year to date (YTD) performance indicated a bullish trend of 26.02%. During the last six months the stock climbed 10.77%. Quarterly performance of the company shows optimistic momentum of 24.82% while its last one month trend is positive with 1.28%. Stock’s weekly performance expressed down trend of -0.64%.
The company’s price sits 1.31% above from its 50-day moving average of $88.41 and 10.32% far from the stock’s 200-day moving average which is $79.22. Mead Johnson Nutrition CO (NYSE:MJN)’s shares are currently trading -4.49% away from the 52-week high price of $92.92 and +28.76% far from the 52-week low price of $68.93.
According to consensus agreement of 10 analysts Mead Johnson Nutrition CO (NYSE:MJN) will report earnings per share of $0.8 in their quarterly report and it is expected to announce the company’s results on 4/27/17. For the current quarter the company has high EPS estimates of $0.85 in contradiction of low EPS estimates of $0.72. However a year ago for the same quarter the company has reported $0.87 EPS. Current year EPS projections for Mead Johnson Nutrition CO (NYSE:MJN) set at $3.22 according to the sentiments of 14 analysts, while its lowest earnings estimates are $3.14 and highest earnings estimates are $3.3.
According to 8 analysts, Mead Johnson Nutrition CO (NYSE:MJN)’s revenue estimates for the current quarter are $911.79M meanwhile the company has high revenue estimates of $940M in contradiction of low revenue estimates of $897M. For the current year the company’s revenue estimates are $3.65B compared to low analyst estimates of $3.59B and high estimates of $3.69B according to the projection of 13 analysts.