Johnson Controls (JCI): Price Target and June Short Interest Disclosure

Johnson Controls (JCI) : 10 Wall Street analysts covering Johnson Controls (JCI) believe that the average level the stock could reach for the short term is $49.7. The maximum price target given is $59 and the minimum target for short term is around $40, hence the standard deviation is calculated at $5.4.

Johnson Controls (JCI) stated loss of 1,397,344 shares or 4.6% in the short interest. The short interest registered from 30,686,293 on June 15,2016 to 29,288,949 on June 30,2016. In terms of floated shares, the shorted positions stood at 4.5%. The stock has been averaging 5,574,519 shares daily in trading and would need 5 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Credit Suisse upgrades its view on Johnson Controls (NYSE:JCI) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. The rating by the firm was issued on May 24, 2016.


Johnson Controls (NYSE:JCI): On Thursdays trading session , Opening price of the stock was $44.57 with an intraday high of $44.78. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $44.12. However, the stock managed to close at $44.13, a loss of 0.16% for the day. On the previous day, the stock had closed at $44.2. The total traded volume of the day was 4,230,058 shares.

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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