Johnson Controls Stock Rating Reaffirmed by Deutsche Bank (JCI)
Johnson Controls (NYSE:JCI)‘s stock had its “hold” rating reiterated by equities researchers at Deutsche Bank in a research report issued on Tuesday. They currently have a $52.00 target price on the stock, down from their previous target price of $53.00. Deutsche Bank’s price objective indicates a potential upside of 11.37% from the company’s current price.
The analysts wrote, “Johnson Controls provided a few more details of their Interiors divestiture. The JV is expected to be somewhat more profitable than we initially expected. JCI indicated that they expect the new division to achieve a 5-6% pretax margin ‘On Day 1′. This is better than we initially expected. Applying a 5% net margin to $7.5 bn of combined interiors business would imply $375 MM of net income for the JV, and $120-$130MM of equity earnings ($0.18-$0.20 EPS) for JCI on a run rate basis. “Our earnings model excluded earnings from Interiors starting in 2015, as we expected the business to be divested. So we are fine-tuning our F2015 estimates to reflect this change (our 2015 EPS est goes to $3.55 from $3.45). We maintain our Hold rating based on valuation.”
Johnson Controls (NYSE:JCI) opened at 46.69 on Tuesday. Johnson Controls has a one year low of $34.40 and a one year high of $52.50. The stock’s 50-day moving average is $45.97 and its 200-day moving average is $48.11. The company has a market cap of $31.009 billion and a P/E ratio of 23.03.
Johnson Controls (NYSE:JCI) last issued its quarterly earnings data 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. On average, analysts predict that Johnson Controls will post $3.14 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on JCI. Analysts at Wells Fargo & Co. downgraded shares of Johnson Controls in a research note on Thursday, April 24th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Johnson Controls in a research note on Thursday, April 24th. They now have a $49.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Johnson Controls in a research note on Tuesday, April 22nd. They now have a $52.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. Johnson Controls currently has a consensus rating of “Buy” and an average target price of $63.00.
Johnson Controls, Inc (NYSE:JCI) manufactures, installs and services automatic temperature regulation systems for buildings.
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