Johnson Controls (NYSE:JCI) had its target price lifted by Guggenheim from $44.00 to $47.00 in a research note released on Wednesday morning, AnalystRatingsNetwork.com reports. They currently have a buy rating on the stock.
JCI has been the subject of a number of other recent research reports. Analysts at Morgan Stanley raised their price target on shares of Johnson Controls from $42.00 to $45.00 in a research note to investors on Monday. They now have an overweight rating on the stock. Separately, analysts at Zacks reiterated a neutral rating on shares of Johnson Controls in a research note to investors on Saturday, July 20th. They now have a $42.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Johnson Controls from $41.00 to $45.00 in a research note to investors on Friday, July 19th. They now have a buy rating on the stock.
Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $41.00.
Shares of Johnson Controls (NYSE: JCI) traded down 1.09% during mid-day trading on Wednesday, hitting $40.7801. Johnson Controls has a one year low of $23.75 and a one year high of $41.50. The stock’s 50-day moving average is currently $37.23. The company has a market cap of $27.894 billion and a P/E ratio of 26.60.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Wednesday, September 4th.
Johnson Controls, Inc (NYSE: JCI) manufactures, installs and services automatic temperature regulation systems for buildings.