Short Term Price Target on Johnson Controls (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.

Johnson Controls Inc. has lost 1.62% in the last five trading days and dropped 0.45% in the last 4 weeks. Johnson Controls Inc. is up 13.79% in the last 3-month period. Year-to-Date the stock performance stands at 13.71%. Also, Equity analysts at the Brokerage firm Credit Suisse upgrades its rating on Johnson Controls (NYSE:JCI). The rating major has initiated the coverage with outperform rating on the shares. The rating by the firm was issued on May 24, 2016.

Johnson Controls (NYSE:JCI) : Zacks Investment Research ranks Johnson Controls (NYSE:JCI) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 1.96, which indicates as a Buy.

Johnson Controls (NYSE:JCI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.47 and $43.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.26, notching a gain of 2.38% for the day. The total traded volume was 7,661,637 . The stock had closed at $43.23 on the previous day.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chairman & CEO) of Johnson Controls Inc, Molinaroli Alex A had sold 67,790 shares worth of $2,536,024 in a transaction dated March 2, 2016. In this transaction, 67,790 shares were sold at $37.41 per share.

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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