Johnson Controls Coverage Initiated at FBR Capital Markets (JCI)
FBR Capital Markets assumed coverage on shares of Johnson Controls (NYSE:JCI) in a research note issued on Wednesday, Analyst Ratings Network.com reports. The firm set an “outperform” rating on the stock.
A number of other analysts have also recently weighed in on JCI. Analysts at Ned Davis Research upgraded shares of Johnson Controls from a “neutral” rating to a “buy” rating in a research note on Tuesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Johnson Controls in a research note on Friday, February 7th. They now have a $48.00 price target on the stock. Finally, analysts at UBS AG cut their price target on shares of Johnson Controls to $51.00 in a research note on Friday, January 24th. They now have a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $60.67.
Shares of Johnson Controls (NYSE:JCI) opened at 49.27 on Wednesday. Johnson Controls has a one year low of $30.58 and a one year high of $52.50. The stock’s 50-day moving average is $48.90 and its 200-day moving average is $45.83. The company has a market cap of $32.717 billion and a price-to-earnings ratio of 26.09.
Johnson Controls (NYSE:JCI) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.69 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.69. The company had revenue of $10.90 billion for the quarter, compared to the consensus estimate of $10.65 billion. During the same quarter last year, the company posted $0.52 earnings per share. Johnson Controls’s revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that Johnson Controls will post $3.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Wednesday, March 5th.
Johnson Controls, Inc (NYSE:JCI) manufactures, installs and services automatic temperature regulation systems for buildings.
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