Johnson Controls Inc. Sets New 1-Year High at $45.70 (JCI)
Johnson Controls (NYSE:JCI) set a new 52-week high during trading hours on Tuesday, AR Network reports. The company traded as high as $45.70 and last traded at $45.18, with a volume of 6,930,274 shares. The stock had previously closed at $42.82.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Johnson Controls in a research note to investors on Monday, October 21st. They now have a $47.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Johnson Controls from $41.00 to $42.00 in a research note to investors on Wednesday, October 16th. They now have an “equal weight” rating on the stock. Finally, analysts at Ned Davis Research upgraded shares of Johnson Controls from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.47.
Johnson Controls has a 52 week low of $24.75 and a 52 week high of $42.79. The stock has a 50-day moving average of $41.10 and a 200-day moving average of $36.97. The company has a market cap of $30.878 billion and a price-to-earnings ratio of 27.63.
Johnson Controls (NYSE:JCI) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.95 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.95. The company had revenue of $11.00 million for the quarter, compared to the consensus estimate of $10.96 million. During the same quarter last year, the company posted $0.77 earnings per share. Johnson Controls’s revenue was up 6.3% compared to the same quarter last year. Analysts expect that Johnson Controls will post $2.66 EPS for the current fiscal year.
Johnson Controls, Inc (NYSE:JCI) manufactures, installs and services automatic temperature regulation systems for buildings.
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