Short Term Price Target on Mead Johnson Nutrition Company (MJN)

Mead Johnson Nutrition Company (NYSE:MJN) : Currently there are 6 street experts covering Mead Johnson Nutrition Company (NYSE:MJN) stock. The most bullish and bearish price target for the stock is $89 and $70 respectively for the short term. The average price target of all the analysts comes to $80.67. The estimated standard deviation from the target is $6.89.

Shares of Mead Johnson Nutrition Company rose by 2.42% in the last five trading days and 9.9% for the last 4 weeks. Mead Johnson Nutrition Company is up 5.97% in the last 3-month period. Year-to-Date the stock performance stands at 16.15%. Also, Brokerage firm Citigroup maintains its rating on Mead Johnson Nutrition Company (NYSE:MJN). As per the latest information, the brokerage house raises the price target to $100 per share from a prior target of $85. The shares have been rated Buy. The rating by the firm was issued on April 18, 2016.

Mead Johnson Nutrition Company (NYSE:MJN) has an average broker rating of 2.64, which is interpreted as a Hold, as rated by 11 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 considers that the stock is a Sell.

Mead Johnson Nutrition Company (NYSE:MJN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $88.00 and $87.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $92.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $90.75, notching a gain of 3.54% for the day. The total traded volume was 3,423,080 . The stock had closed at $87.65 on the previous day.

In an insider trading activity, The officer (SVP and President, Asia), of Mead Johnson Nutrition Co, Stratton Christoper Richard had unloaded 33,730 shares at $86.68 per share in a transaction on May 2, 2016. The total value of transaction was $2,923,716. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Mead Johnson Nutrition Company (Mead Johnson) is a global pediatric nutrition company. The Company manufactures, distributes and sells infant formulas, childrens nutrition and other nutritional products. Its product portfolio includes routine and specialty infant formulas, childrens milks and milk modifiers, dietary supplements for pregnant and breastfeeding mothers, pediatric vitamins, and products for pediatric metabolic disorders. The Company operates through three segments: Asia, Latin America and North America/Europe. The Companys Enfa family of brands, including Enfamil infant formula, is a brand franchise in pediatric nutrition. Its product portfolio addresses a range of nutritional needs for infants, children and expectant and nursing mothers. The Company markets its portfolio of more than 70 products to mothers, healthcare professionals and retailers in more than 50 countries in Asia, North America, Latin America and Europe.

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