UBS Maintains Johnson Controls Inc to Buy with Price Target $51.00

Brokerage firm UBS Maintains its rating on Johnson Controls Inc(NYSE:JCI). In a research note issued to the investors, the brokerage major Lowers the price-target to $51.00 per share. The shares have been rated Buy. The rating by UBS was issued on Sep 16, 2016.

In a different note, On Sep 21, 2016, UBS said it Maintains its rating on Johnson Controls Inc. In the research note, the firm Raises the price-target to $51.00 per share. The shares have been rated ‘Buy’ by the firm. On Sep 9, 2016, Atlantic Equities said it Assumes its rating on Johnson Controls Inc. The shares have been rated ‘Overweight’ by the firm. On Sep 8, 2016, Macquarie said it Maintains its rating on Johnson Controls Inc. In the research note, the firm Raises the price-target to $43.00 per share. The shares have been rated ‘Outperform’ by the firm. On Sep 6, 2016, RBC Capital said it Assumes its rating on Johnson Controls Inc. The shares have been rated ‘Sector Perform’ by the firm. On Aug 23, 2016, Credit Suisse said it Maintains its rating on Johnson Controls Inc. The shares have been rated ‘Outperform’ by the firm. On Aug 22, 2016, Credit Suisse said it Maintains its rating on Johnson Controls Inc. The shares have been rated ‘Outperform’ by the firm.

Johnson Controls Inc (JCI) made into the market gainers list on Thursdays trading session with the shares advancing 0.92% or 0.41 points. Due to strong positive momentum, the stock ended at $44.96, which is also near the day’s high of $45.35. The stock began the session at $44.93 and the volume stood at 48,41,285 shares. The 52-week high of the shares is $48.97 and the 52 week low is $33.62. The company has a current market capitalization of $28,673 M and it has 63,77,45,890 shares in outstanding.

Johnson Controls Inc(JCI) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $9.52B. Analysts had an estimated revenue of $9.62B. Earnings per share were $1.07. Analysts had estimated an EPS of $1.03.

Several Insider Transactions has been reported to the SEC. On Aug 23, 2016, R Bruce Mcdonald (Exec VP & Vice Chairman) sold 98,166 shares at $44.95 per share price.Also, 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.

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