Stifel Nicolaus lifted their price target on shares of Johnson Controls (NYSE:JCI) from $45.00 to $49.00 in a research note issued on Wednesday, AmericanBankingNews.com reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 8.77% from the company’s current price.
Shares of Johnson Controls (NYSE:JCI) remained flat at $45.05 during trading on Wednesday. The stock had a trading volume of 8,043,371 shares. Johnson Controls has a 1-year low of $24.75 and a 1-year high of $46.59. The stock has a 50-day moving average of $42. and a 200-day moving average of $39.02. The company has a market cap of $30.821 billion and a P/E ratio of 29.06.
Johnson Controls (NYSE:JCI) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.95 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.95. The company had revenue of $11.00 million for the quarter, compared to the consensus estimate of $10.96 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Analysts expect that Johnson Controls will post $3.24 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Robert W. Baird raised their price target on shares of Johnson Controls from $52.00 to $56.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Johnson Controls from $39.00 to $47.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Johnson Controls in a research note to investors on Wednesday. They now have a $47.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $44.87.
Johnson Controls, Inc (NYSE:JCI) manufactures, installs and services automatic temperature regulation systems for buildings.
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