Stock Update: Mead Johnson Nutrition Company (NYSE:MJN) – Mead Johnson to Present at the Deutsche Bank 2016 Global Consumer Conference

[Business Wire] – Mead Johnson Nutrition Company announced today that it will present at the Deutsche Bank Global Consumer Conference in Paris, France on Wednesday, June 15, 2016. Speaking on behalf of the company will be Kasper Jakobsen, president and chief executive officer, and Michel Cup, executive vice president and chief financial officer. Read more on this. Mead Johnson Nutrition Company (MJN) , with a current market cap of $15.61B, started the session at $83.60. Today, shares have traded between $83.33 and $84.18 per share and has traded between $65.53 and $93.07 over the past year. MJN shares are currently priced at 23.82x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 22.64x forward p/e ratio. The company pays shareholders $1.65 per share annually in dividends, yielding 1.98%. In a review of the consensus earnings estimate this quarter, 12 sell-side analysts are looking at $0.79 per share, which would be $0.03 better than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $3.51 which would be a $0.07 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $968.55 Million. If realized, that would be a 5.97% decrease over the year-ago quarter. In terms of ratings, Credit Suisse upgraded MJN from Neutral to Outperform (Mar 16, 2016). Previously, Nomura downgraded MJN from Buy to Neutral. The average price target for MJN shares by the analysts covering it is $88.45, which is 5.80% above where the stock opened. See more in (NYSE:MJN) Similar Articles: Market Update (NYSE:MJN): Mead Johnson Nutrition Reports Sequential Sales for First Quarter 2016 above Fourth Quarter 2015 on a Constant Dollar Basis; Reaffirms 2016 Sales and Non-GAAP EPS Guidance Stock Update: Mead Johnson Nutrition Company (NYSE:MJN) – Mead Johnson Schedules First Quarter 2016 Earnings Conference Call Market Update: Mead Johnson Nutrition Company (NYSE:MJN) – Morning Analysis on Processed & Packaged Goods Equities — Mead Johnson Nutrition, Kellogg, Treehouse Foods, and Flowers Foods