Johnson Controls Given Consensus Rating of “Hold” by Brokerages (NYSE:JCI)
Johnson Controls (NYSE:JCI) has earned a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the company, Analyst Ratings News reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $54.15.
Shares of Johnson Controls (NYSE:JCI) opened at 48.81 on Wednesday. Johnson Controls has a 52 week low of $39.42 and a 52 week high of $52.50. The stock’s 50-day moving average is $48.61 and its 200-day moving average is $48.05. The company has a market cap of $32.511 billion and a P/E ratio of 32.70.
Johnson Controls (NYSE:JCI) last issued its quarterly earnings data on Friday, July 18th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts expect that Johnson Controls will post $3.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 2nd. Investors of record on Friday, September 5th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Wednesday, September 3rd.
Several analysts have recently commented on the stock. 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.
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