Johnson & Johnson (NYSE:JNJ) has been recommended as a long term growth stock according to analysts at Beta Research. With their stock price currently trading around $139.49, the firm has proven a solid track record of growth over the past few years. Investors might consider the stock as a long term growth candidate as the firm has yielded 11.20% earnings per share growth over the past 5 years and 2.00% revenue growth over that same time frame.
Long-term growth (LTG) is an investing strategy where a stock will (hopefully) grow in value for a relatively long period of time. Long-term growth should be considered to be a relative term, due to different styles and goals of investors, but the endgame is the same.
A “buy-and-hold” investor will consider long-term growth as a longer time period then a day trader will. The buy-and-hold strategy looks ahead farther into the future, giving short-term price swings less consideration as long as the fundamentals stay the same. A trader is looking more closely at a weekly, or shorter, time frame and is more interested in immediate price fluctuations.
Let’s take a look at how the stock has been performing recently. Over the past twelve months, Johnson & Johnson (NYSE:JNJ)’s stock was 21.07%. Over the last week of the month, it was -0.20%, 3.97% over the last quarter, and 10.12% for the past six months.
Over the past 50 days, Johnson & Johnson’s stock is -3.37% off of the high and 8.09% removed from the low. Their 52-Week High and Low are as follows: -3.37% (High), 27.60%, (Low).
Despite the past success, investors want to know where the stock is headed from here. Analysts covering the shares have a consensus short-term price target of $144.81 on the equity. Analysts have a consensus recommendation of 2.50 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.