Of 20 brokerages covering Johnson & Johnson stock, eight have Buy or Strong Buy ratings and the rest rate the shares at Hold. At a share trading price of around $165.10, the upside potential based on a median price target of $181.90 is about 10.2%. At the high target of $215.00, the upside potential is 30.2%.
Third-quarter revenue is forecast at $23.5 billion, down 2.2% sequentially and up 0.6% year over year. Adjusted EPS are expected to come in at $2.50, down 3.4% sequentially and by 3.8% year over year. For the full 2022 fiscal year, analysts expect EPS of $10.05, up 2.5%, on sales of $95.26 billion, up 1.6%.
The shares trade at 16.4 times expected 2022 EPS, 15.6 times estimated 2023 earnings of $10.57 and 15.0 times estimated 2024 earnings of $11.00 per share. The stock’s 52-week range is $155.72 to $186.69. The company pays an annual dividend of $4.52 (yield of 2.78%). Total shareholder return for the past year was 5.5%.
Lockheed Martin
Over the past 12 months, shares of Lockheed Martin Corp. (NYSE: LMT) have added about 9.7%, but they are down 13.6% since posting a 52-week high in early March and down 5.6% since mid-September. The defense giant’s second-quarter results were disappointing, to put it mildly. Sales were down nearly 10% year over year, and operating profit was down more than 10%. The company blamed supply chain issues and contract negotiation timing. Will an expected turnaround materialize in the third quarter?
Just five of 20 brokerages have a Buy or Strong Buy rating, compared to 13 that rate the shares at Hold. At a share price of around $396.10, the upside potential based on a median price target of $448.50 is 13.2%. At the high price target of $539.00, the upside potential is 36.1%.
Third-quarter revenue is forecast at $16.69 billion, up about 8.1% sequentially and 3.9% higher year over year. Adjusted EPS are expected to come in at $6.73, up 6.5% sequentially but down 2.9% year over year. For the full 2022 fiscal year, Lockheed is expected to post EPS of $26.71, down 2.8%, on sales of $65.32 billion, down 2.6%.
Lockheed stock trades at 14.8 times expected 2022 EPS, 14.1 times estimated 2023 earnings of $27.97 and 13.8 times estimated 2024 earnings of $28.66 per share. Shares have traded in a 52-week range of $324.23 to $479.99, and Lockheed pays an annual dividend of $12.00 (yield of 2.96%). Total shareholder return over the past 12 months was 12.1%.
Originally posted at 24/7 Wall St.
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