Johnson Controls (JCI) has been under a strong bear grip, hence the stock is down -2.78% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.14% in the past 1 week. The stock has risen by 2.11% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.41% in the past 4 weeks.
Johnson Controls Inc. is up 6.26% in the last 3-month period. Year-to-Date the stock performance stands at 16.43%. The stock has recorded a 20-day Moving Average of 0.12% and the 50-Day Moving Average is 1.84%.
Johnson Controls (NYSE:JCI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.73 and $44.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.03, notching a gain of 0.09% for the day. The total traded volume was 6,037,936 . The stock had closed at $44.99 on the previous day.
Also, Major Brokerage house, Morgan Stanley maintains its ratings on Johnson Controls (NYSE:JCI). In the latest research report, Morgan Stanley raises the target price from $50 per share to $52 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on August 1, 2016.
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.