In Case You Missed It, Johnson & Johnson Is Undergoing a Major Business Transformation
Healthcare conglomerate Johnson & Johnson (NYSE: JNJ) is what you might call a staple stock. It's a common holding for growth, value, and income investors given that many of the products it sells are inelastic. In other words, you can't determine when you get sick, or what ailment you develop, meaning there's always demand for medical devices, pharmaceuticals, and some of J&J's consumer health products, regardless of how well or poorly the U.S. economy is performing.
Johnson & Johnson is also revered for its pristine credit rating -- it and Microsoft are the only two publicly traded companies to hold Standard & Poor's highest credit rating, AAA -- and the fact that it's increased its dividend for 55 consecutive years. You can count on two hands how many companies have a longer active streak. This consistency is why investors, young and old, have bought Johnson & Johnson in their investment portfolios and simply forgotten about it.
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Source: Fool.com
Johnson & Johnson Stock
The stock is one of the favorites of our community with 42 Buy predictions and 1 Sell predictions.
With a target price of 187 € there is a positive potential of 25.52% for Johnson & Johnson compared to the current price of 148.98 €.
