Price Target Update on Johnson Controls (NYSE:JCI)

Johnson Controls (NYSE:JCI) : The consensus price target for Johnson Controls (NYSE:JCI) is $49.7 for the short term with a standard deviation of $5.4. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $59, however, the pessimist price target for the company is $40.

Other Equity analysts have also commented on the company shares. Credit Suisse upgrades their rating on the shares of Johnson Controls (NYSE:JCI). The current rating of the shares is Outperform. The rating by the firm was issued on May 24, 2016.

Johnson Controls (NYSE:JCI): stock turned positive on Thursday. Though the stock opened at $44.93, the bulls momentum made the stock top out at $45.04 level for the day. The stock recorded a low of $44.73 and closed the trading day at $44.99, in the green by 1.35%. The total traded volume for the day was 3,983,123. The stock had closed at $44.39 in the previous days trading.

The company shares have dropped -13.06% from its 1 Year high price. On Jul 6, 2015, the shares registered one year high at $51.85 and the one year low was seen on Jan 14, 2016. The 50-Day Moving Average price is $43.29 and the 200 Day Moving Average price is recorded at $39.27. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Molinaroli Alex A, officer (Chairman & CEO) of Johnson Controls Inc, had unloaded 67,790 shares at an average price of $37.41 in a transaction dated on March 2, 2016. The total value of the transaction was worth $2,536,024.

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.

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