Johnson Controls Given Consensus Recommendation of “Hold” by Brokerages (NYSE:JCI)
Johnson Controls (NYSE:JCI) has received an average rating of “Hold” from the seventeen brokerages that are presently covering the stock, American Banking & Market News reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $54.15.
Shares of Johnson Controls (NYSE:JCI) opened at 48.65 on Wednesday. Johnson Controls has a one year low of $39.42 and a one year high of $52.50. The stock’s 50-day moving average is $48.83 and its 200-day moving average is $48.02. The company has a market cap of $32.405 billion and a price-to-earnings ratio of 32.81.
Johnson Controls (NYSE:JCI) last released its earnings data on Friday, July 18th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.83 by $0.01. The company had revenue of $10.80 billion for the quarter, compared to the consensus estimate of $10.82 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, analysts predict that Johnson Controls will post $3.17 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 2nd. Stockholders of record on Friday, September 5th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Wednesday, September 3rd.
A number of analysts have recently weighed in on JCI shares. Analysts at Stifel Nicolaus initiated coverage on shares of Johnson Controls in a research note on Thursday, August 21st. They set a “buy” rating and a $58.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Johnson Controls in a research note on Monday, July 21st. They now have a $52.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Johnson Controls in a research note on Monday, July 21st. They now have a $51.00 price target on the stock, up previously from $50.00.
Johnson Controls, Inc (NYSE:JCI) manufactures, installs and services automatic temperature regulation systems for buildings.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.