Johnson Controls’s Neutral Rating Reaffirmed at Zacks (JCI)
Johnson Controls (NYSE:JCI)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued to clients and investors on Thursday, AR Network reports. They currently have a $49.00 price target on the stock. Zacks‘s target price would suggest a potential upside of 7.06% from the stock’s previous close.
Zacks’ analyst wrote, “Earnings at Johnson Controls rose 52% to $0.64 per share in second-quarter fiscal 2014, missing the Zacks Consensus Estimate by a penny. Revenues went up 4% year over year to $10.5 billion, lagging the Zacks Consensus Estimate of $10.7 billion. Revenues benefited from growth across Automotive Experience and Power Solutions segments partially offset by lower Building Efficiency revenues Johnson Controls expects earnings per share in the band of $3.10 to $3.15 for the year. The company is poised to benefit from the recent acquisitions and partnerships. However, high competition and pressure to reduce prices are the downsides. As a result, we are maintaining our Neutral recommendation on the stock.”
A number of other analysts have also recently weighed in on JCI. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Johnson Controls in a research note on Tuesday. They now have a $52.00 price target on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of Johnson Controls in a research note on Wednesday, February 19th. They set an “outperform” rating and a $65.00 price target 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 on Tuesday, February 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $61.13.
Shares of Johnson Controls (NYSE:JCI) traded down 1.49% on Thursday, hitting $45.77. 6,061,097 shares of the company’s stock traded hands. Johnson Controls has a 1-year low of $34.29 and a 1-year high of $52.50. The stock has a 50-day moving average of $46.9 and a 200-day moving average of $47.76. The company has a market cap of $30.393 billion and a price-to-earnings ratio of 24.74.
Johnson Controls (NYSE:JCI) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.65 by $0.01. The company had revenue of $10.50 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter last year, the company posted $0.42 earnings per share. Johnson Controls’s revenue was up 3.6% compared to the same quarter last year. Analysts expect that Johnson Controls will post $3.23 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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