Johnson Controls Inc (JCI) was Resumed by Morgan Stanley to “Overweight” and the brokerage firm has set the Price Target at $47. Morgan Stanley advised their investors in a research report released on Apr 13, 2016.
Many Wall Street Analysts have commented on Johnson Controls Inc. Shares were Reiterated by RBC Capital Mkts on Jan 26, 2016 to “Sector Perform” and Lowered the Price Target to $ 40 from a previous price target of $42 .Shares were Reiterated by Barclays on Jan 25, 2016 to “Overweight” and Lowered the Price Target to $ 47 from a previous price target of $52 .
On the company’s financial health, Johnson Controls Inc reported $0.82 EPS for the quarter, based on the information available during the earnings call on Jan 28, 2016. Analyst had a consensus estimate of $0.82. The company had revenue of $8929.00 million for the quarter, compared to analysts expectations of $9306.76 million. The company’s revenue was down -7.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.79 EPS.
Johnson Controls Inc opened for trading at $38.5 and hit $39.07 on the upside on Monday, eventually ending the session at $38.55, with a gain of 0.31% or 0.12 points. The heightened volatility saw the trading volume jump to 20,84,425 shares. Company has a market cap of $24,989 M.
In a different news, on Mar 3, 2016, Alex A Molinaroli (Chairman & CEO) sold 67,790 shares at $37.41 per share price. According to the SEC, on Nov 30, 2015, Simon Davis (VP, Chief Human Resources Ofcr) sold 1,300 shares at $45.92 per share price. On Nov 2, 2015, Brian J Cadwallader (VP, Secretary & Gen. Counsel) sold 28,628 shares at $45.01 per share price, according to the Form-4 filing with the securities and exchange commission.
Johnson Controls Inc. is a technology company. The Company provides products services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions. The Building Efficiency segment offers designing producing marketing and installing integrated heating ventilating and air conditioning (HVAC) systems building management systems controls security and mechanical equipment. The Power Solutions segment offers lead-acid automotive batteries for passenger cars light trucks and utility vehicles. The Company serves both automotive original equipment manufacturers (OEMs) and the general vehicle battery aftermarket. The Company also supplies advanced battery technologies to power start-stop hybrid and electric vehicles.