How to Buy Johnson & Johnson Stock
Johnson & Johnson
Johnson & Johnson is a general drug manufacturer company located in New Jersey, United States, which is part of the Healthcare sector, and is traded under the ticker JNJ on the NYSE exchange.
Johnson & Johnson stock last closed at $152.65, up 1.01% from the previous day, and has decreased 12.89% in one year. It has underperformed other stocks in the Drug Manufacturers - General industry by 0.16 percentage points. Johnson & Johnson stock is currently +1.69% from its 52-week low of $150.11, and -18.23% from its 52-week high of $186.69.
As of Mar 24, 2023, there are 2.6B shares of JNJ outstanding. The market capitalization of JNJ is $397.54B. In the last 24 hours, 5.7M JNJ shares were traded.
How to Buy Johnson & Johnson Stock
Not sure how to invest in Johnson & Johnson stock? Here's how.
- Figure out where to buy Johnson & Johnson stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you figure out where to buy Johnson & Johnson stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Select your method of payment and add your details.
- Evaluate Johnson & Johnson stock: The Johnson & Johnson ticker symbol is JNJ. Is Johnson & Johnson stock a good investment? Should you buy shares of JNJ? How do JNJ's underlying business fundamentals look? Do top analysts think Johnson & Johnson is a good buy? Why has JNJ's stock price moved recently? (Hint: Our stock research website can help you understand if JNJ is a good stock to buy).
- Make your JNJ purchase: Decide if you will purchase JNJ shares at the current market price or use a limit order to purchase JNJ shares at a particular price.
- Watch your investment in JNJ: Create a watchlist to the latest updates on your investment in Johnson & Johnson stock.
Step 1: Figure out where to buy Johnson & Johnson stock
You need a brokerage account in order to access the NYSE market and buy JNJ stock.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've selected the best brokerage, you'll need to fill out some personal details so you can invest in JNJ stock today.
How to Open a New Account on eToro
- Click here to get started.
- Enter your personal data to open a new brokerage account.
- Submit your application by hitting the "Create Account" button.
Step 3: Deposit funds into your investment account
Now that you've filled out your info on one of the best stock trading apps, you can securely and quickly fund your account:
Watch the video below if you need help transferring money into your brokerage account.
Step 4: Evaluate Johnson & Johnson stock
After you have identified the best place to buy Johnson & Johnson stock, it's crucial to evaluate their stock before you buy, so you truly comprehend the risk as well as the upside.
Johnson & Johnson Metrics
Johnson & Johnson Overview
WallStreetZen was created to help average investors perform better fundamental analysis.
You can see all of the due diligence checks on JNJ's stock page.
Is JNJ stock undervalued?
Analysts use many financial metrics, analyses, models, and charts to gauge JNJ's fair value.
Using relative valuations measures:
- JNJ could be undervalued based on its P/E ratio of 22.35x, relative to Drug Manufacturers - General industry P/E ratio of 26.79x
- JNJ could be overvalued based on its P/B ratio of 5.18x, relative to Drug Manufacturers - General industry P/B ratio of 4.89x
- JNJ could be overvalued based on its PEG ratio of 1.21x
You can do more valuation analysis on JNJ's stock here.
JNJ Financial Health Overview
Passed Health Checks:
- There are more short-term assets than long-term liabilities on the JNJ balance sheet.
- Total JNJ debt is lower than 5 years ago, relative to shareholder equity.
- JNJ earnings of $22.00B is not sufficient to cover its interest payments.
- JNJ's operating cash flow of $21.19B allows it to safely service it's debt of $39.66B.
Failed Health Checks:
- JNJ has a relatively high debt to equity ratio of 1.44.
- There are more short-term liabilities than short-term assets on the JNJ balance sheet.
- JNJ profit margin has gone down from 22.3% to 18.9% in the past year.
Is Johnson & Johnson stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 12 sell side analysts who track JNJ, the consensus analyst rating on JNJ is a Buy
It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.
Latest JNJ Analyst Forecasts
Vamil Divan, a top 5% analyst from Guggenheim initiates coverage on JNJ with a hold rating and announces their JNJ price target of $161.00, on Mar 1, 2023.
Divan initiated his coverage on Johnson & Johnson with a Hold rating and a $161 price target.
Although he agrees with the company's decision to separate its Consumer Health Business,* and believes that the MedTech segment is showing "reasonable" signs of recovery, the analyst said he would like to see "more visibility on the outlook of the Pharma business given an upcoming series of patent expirations, including Stelara later this year."
In fact, Divan told investors that his 2025 Pharma sales estimate is below management's expectations.
The analyst also noted that he is below management's expectations for several pipeline assets, which he highlighted as "having $1B or $5B in peak annual sales potential."
* From here: On 2021/11/12, Johnson & Johnson announced its intent to separate its Consumer Health business, creating a new publicly-traded company.
Louise Chen, a bottom 5% analyst from Cantor Fitzgerald reiterates JNJ with a strong buy rating and maintains their JNJ price target from $215.00 to $215.00, on Feb 1, 2023.
Terence Flynn, a top 20% analyst from Morgan Stanley maintains JNJ with a hold rating and raises their JNJ price target from $176.00 to $180.00, on Jan 25, 2023.
Steve Chesney, a top 31% analyst from Atlantic Equities maintains JNJ with a hold rating and raises their JNJ price target from $160.00 to $168.00, on Jan 25, 2023.
David Risinger, a top 9% analyst from SVB Leerink maintains JNJ with a buy rating and lowers their JNJ price target from $194.00 to $186.00, on Jan 20, 2023.
You can dig deeper into what analysts are projecting on the Johnson & Johnson stock forecast page.
JNJ Trading Indicators
JNJ Performance Metrics
Last year, JNJ earnings were $17.94B. In the past 5 year, JNJ's earnings have gone up by 70.07% per year. This was faster than the Drug Manufacturers - General industry average of 25.43%.
Last year, JNJ revenue was $94.94B. In the past five year, JNJ's revenue has increased by 4.43% per year. This was slower than the Drug Manufacturers - General industry average of 8.32%.
Dive into JNJ's earnings and revenue performance here.
What are JNJ insiders up to?
In the last year, insiders at JNJ have bought more shares than they have sold.
James D. Swanson, Officer of JNJ, was the latest JNJ insider to sell. They sold $164,094.26 worth of JNJ stock on Mar 6, 2023.
Learn more about who owns JNJ shares here.
Can I rely on JNJ as an income stream?
Johnson & Johnson pays a dividend of 2.96%, compared to the Drug Manufacturers - General industry's average dividend yield of 3.16%. If you owned $1,000 worth of JNJ stock, you would have been paid $29.61 last year.
Johnson & Johnson dividend payments have consistently grown over the past decade and have remained stable.
Get more info about Johnson & Johnson dividend yield and history here.
What others are saying about JNJ
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Make your JNJ purchase
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally sufficient. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at an exact price, place a limit order.
Click the Open Trade button and your broker will place the order.
If you require more help with buying stocks on eToro, watch the helpful video below:
Step 6: Watch your investment in JNJ
Now that you own some JNJ stock, you'll want to stay up-to-date on your investment.
Create a watchlist to track your JNJ stock.
JNJ Feed
How to Buy Stock in Johnson & Johnson
To summarize, here are the 6 steps for buying Johnson & Johnson stock:
- Figure out where to buy Johnson & Johnson stock
- Open your brokerage account
- Deposit funds into your investment account
- Evaluate Johnson & Johnson stock
- Make your JNJ purchase
- Watch your investment in JNJ
If you require a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to monitor your investment in Johnson & Johnson, get started below.
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