William Blair Cuts Johnson Controls Inc (NYSE:JCI) Stock To a “Market Perform” Rating


Johnson Controls Inc (NYSE:JCI) Receives a Downgrade

The old rating for Johnson Controls Inc (NYSE:JCI) shares of a “Outperform” has been discontinued, as stock research analysts at William Blair downgraded the current rating for Johnson Controls Inc (NYSE:JCI) shares to a “Market Perform”.

From a total of 17 analysts covering Johnson Controls Inc. (NYSE:JCI) stock, 12 rate it a ”Buy”, 1 a “Sell”, and 9 a ”Hold”. This means that 55% of the ratings are positive. The highest target price is $68 while the lowest target price is $42. The mean of all analyst targets is $53.47 with a 21.18% above today’s ($45.46) stock price. Johnson Controls Inc. was the topic of 17 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Nomura upgraded shares on October 2 to “Buy” rating. William Blair upgraded JCI stock in a recent report from September 30 to “Outperform” rating. Finally, RBC Capital Markets maintained the stock with “Outperform” rating in a report issued on a July 27.

The stock closed the day at $45.46 during the previous session. It is down 11.16% since April 29, 2015 and is downtrending. It has underperformed by 10.96% the S&P500.

Johnson Controls, Inc. is a technology company. The company has a market cap of $29.44 billion. The Firm 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. It has 20.92 P/E ratio. The Firm operates in two divisions: Building Efficiency and Power Solutions.

According to Zacks Investment Research, “Johnson Controls, Inc. is a global market leader in automotive systems and facility management and control. In the automotive market, it is a major supplier of seating and interior systems, and batteries. For non-residential facilities, Johnson Controls provides building control systems and services, energy management and integrated facility management. (Company Press Release)” Get a free copy of the Zacks research report on Johnson Controls Inc (JCI).