Johnson Controls Receives Average Rating of “Buy” from Analysts (NYSE:JCI)
Shares of Johnson Controls (NYSE:JCI) have received an average rating of “Buy” from the twenty analysts that are currently covering the stock, Analyst Ratings Network reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $61.13.
Johnson Controls (NYSE:JCI) opened at 45.77 on Friday. Johnson Controls has a 52-week low of $34.29 and a 52-week high of $52.50. The stock’s 50-day moving average is $46.9 and its 200-day moving average is $47.76. The company has a market cap of $30.393 billion and a P/E ratio of 24.37.
Johnson Controls (NYSE:JCI) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts predict that Johnson Controls will post $3.18 earnings per share for the current fiscal year.
JCI has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Johnson Controls in a research note on Thursday. They now have a $52.00 price target on the stock. Separately, analysts at Wells Fargo & Co. downgraded shares of Johnson Controls in a research note on Thursday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Johnson Controls in a research note on Thursday. They now have a $49.00 price target on the stock.
Johnson Controls, Inc (NYSE:JCI) manufactures, installs and services automatic temperature regulation systems for buildings.
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