Johnson Controls Inc. Reaches New 12-Month High at $52.50 (JCI)
Johnson Controls (NYSE:JCI)’s share price reached a new 52-week high on Monday, Analyst Ratings Network.com reports. The company traded as high as $52.50 and last traded at $51.21, with a volume of 4,564,632 shares traded. The stock had previously closed at $51.59.
A number of research firms have recently commented on JCI. Analysts at Ned Davis Research downgraded shares of Johnson Controls from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 30th. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Johnson Controls in a research note to investors on Friday, December 13th. They now have a $55.00 price target on the stock, up previously from $50.00. Finally, analysts at Citigroup Inc. cut their EPS estimates on shares of Johnson Controls in a research note on Thursday. They now have a “buy” rating and a $204.00 price target on the stock. They previously had a “neutral” rating and a $52.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $59.00.
Johnson Controls has a 52-week low of $30.30 and a 52-week high of $51.90. The stock has a 50-day moving average of $50.6 and a 200-day moving average of $43.86. The company has a market cap of $35.073 billion and a price-to-earnings ratio of 30.17.
Johnson Controls (NYSE:JCI) last announced its earnings results 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. On average, analysts predict that Johnson Controls will post $3.27 earnings per share for the current fiscal year.
Johnson Controls, Inc (NYSE:JCI) manufactures, installs and services automatic temperature regulation systems for buildings.
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