Johnson Controls Inc (JCI) was Resumed by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 50 from a previous price target of $48 . RBC Capital Mkts advised their investors in a research report released on Sep 6, 2016.
On the company’s financial health, Johnson Controls Inc reported $1.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $1.03. The company had revenue of $9516.00 million for the quarter, compared to analysts expectations of $9633.18 million. The company’s revenue was down -1.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.91 EPS.
Johnson Controls Inc opened for trading at $43.96 and hit $45.04 on the upside on Thursday, eventually ending the session at $45.04, with a gain of 2.64% or 1.16 points. The heightened volatility saw the trading volume jump to 87,49,587 shares. Company has a market cap of $28,724 M.
In a different news, on Aug 23, 2016, R Bruce Mcdonald (Exec VP & Vice Chairman) sold 98,166 shares at $44.95 per share price. According to the SEC, on Mar 3, 2016, Alex A Molinaroli (Chairman & CEO) sold 67,790 shares at $37.41 per share price. On Nov 30, 2015, Simon Davis (VP, Chief Human Resources Ofcr) sold 1,300 shares at $45.92 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.