Johnson & Johnson stock price target cut to $145 from $149 at Raymond James

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Johnson & Johnson tops estimates for fourth quarter

Johnson & Johnson said Tuesday it had net income of $3.04 billion, or $1.12 a share, in the fourth quarter, after a loss of $10.713 billion, or $3.99 a share, in the year-earlier period. Excluding charges, the company said it had EPS of $1.97, ahead of the FactSet consensus of $1.95. Sales rose 1% to $20.4 billion, also ahead of the FactSet consensus of $20.2 billion. The consumer goods giant said it expects 2019 sales of $80.4 billion to $81.2 billion, and adjusted EPS of $8.50 to $8.65. Shares were slightly higher premarket, but have fallen 11.8% in the last 12 months, while the S&P 500 has fallen 5.7%.

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