The shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) has been pegged with a rating of Mkt Perform by Raymond James in its latest research note that was published on December 20th, 2018. Raymond James wasnâ€™t the only research firm that published a report of Telefonaktiebolaget LM Ericsson (publ), with other equities research analysts also giving their opinion on the stock. Argus advised investors in its research note published on October 19th, 2018, to Buy the ERIC stock. The stock had earned Neutral rating from Credit Suisse when it published its report on September 19th, 2018. The stock was given Overweight rating by JP Morgan in its report released on September 5th, 2018. BofA/Merrill was of a view that ERIC is Neutral in its latest report on July 25th, 2018. Raymond James thinks that ERIC is worth Underperform rating. This was contained in the firmâ€™s report on July 20th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 5 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $9.91. The price of the stock the last time has raised by 54.14% from its Week high price while it is raised higher than its 52-Week low price. A look at the stockâ€™s other technical shows that its 14-day RSI now stands at 55.35.
The shares of the company added by 0.21% during the trading session on Tuesday, reaching a low of $9.54 while ending the day at $9.68. During the trading session, a total of 12.53 million shares were traded which represents a -119.1% decline from the average session volume which is 5.72M shares. ERIC had ended its last session trading at 9.66. Telefonaktiebolaget LM Ericsson (publ) currently has a market cap of $32.48B while its P/E earnings growth sits at 1.43, with a beta of 0.53. Telefonaktiebolaget LM Ericsson (publ) debt-to-equity ratio currently stands at 0.38, while its quick ratio hovers at 1.20. ERIC 52-week low price stands at $6.28 while its 52-week high price is $9.89.
The company in its last quarterly report recorded -$0.05 earnings per share which is below the $0.14 predicted by most analysts. The Telefonaktiebolaget LM Ericsson (publ) generated $7,210.42 million in revenue during the last quarter, which is slightly higher than the $6,833.70 million predicted by analysts. In the second quarter last year, the firm recorded $0.12 earnings per share. Compared to the same quarter last year, the firmâ€™s revenue was up by 340%. Telefonaktiebolaget LM Ericsson (publ) has the potential to record -0.21 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Barclays published a research note on January 23rd, 2019 where it informed investors and clients that Johnson & Johnson (NYSE:JNJ) is now rated as Equal Weight. Their price target on the stock stands at $135. Argus also rated JNJ as Upgrade on October 19th, 2018, with its price target of $115 suggesting that JNJ could surge by 4.81% from its current share price. Even though the stock has been trading at $136.52/share, analysts expect it to surge higher by 1.10% to reach $145.00/share. It started the day trading at $140.70 and traded between $137.56 and $138.02 throughout the trading session.
A look at its technical shows that JNJâ€™s 50-day SMA is 136.67 while its 200-day SMA stands at 135.45. The stock has a high of $148.99 for the year while the low is $118.62. The companyâ€™s P/E ratio currently sits at 24.60, while the P/B ratio is 6.19. At the moment, only of Johnson & Johnson shares were sold short. The companyâ€™s average trading volume currently stands at 6.68M shares, which means that the short-interest ratio is just 1.96 days. Over the past seven days, the company moved, with its shift of 1.81%. Looking further, the stock has raised 6.69% over the past 90 days while it gained 3.10% over the last six months.
The change in the stockâ€™s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more JNJ shares, increasing its portfolio by +3.89% during the last quarter. This move now sees The Vanguard Group Inc purchasing 8,138,759 shares in the last quarter, thus it now holds 217,616,214 shares of JNJ, with a total valuation of $30,420,570,555. SSgA Funds Management Inc meanwhile sold more JNJ shares in the recently filed quarter, changing its stake to $21,202,831,515 worth of shares. BlackRock Fund Advisors followed the path by increasing its JNJ portfolio by +4.38% in the quarter. This means that BlackRock Fund Advisors bought 5,228,489 shares in the last quarter and now controls 124,523,965 shares of the JNJ stock, with the valuation hitting $17,407,205,067.
Similarly, Geode Capital Management LLC increased its Johnson & Johnson shares by +8.15% during the recently filed quarter. After buying 2,741,351 shares in the last quarter, the firm now controls 36,364,874 shares of Johnson & Johnson which are valued at $5,083,445,736. In the same vein, Northern Trust Investments Inc increased its Johnson & Johnson shares by during the most recent reported quarter. The firm bought 1,202,514 shares during the quarter which increased its stakes to 34,815,401 shares and is now valued at $4,866,844,906. Following these latest developments, around 0.10% of Johnson & Johnson stocks are owned by institutional investors and hedge funds.