Company Update (NYSE:JCI): Johnson Controls recognizes key suppliers for excellence in execution and leadership

[PR Newswire] – MILWAUKEE, Feb. 2, 2016 /PRNewswire/ — Johnson Controls is honoring 11 suppliers at its sixth annual Supplier Excellence Awards ceremony. The company recognized its suppliers, which excelled in providing … Read more on this. Johnson Controls Inc. (JCI) , with a current market cap of $22.85B, started trading this morning at $34.70. During today’s session, JCI traded between $34.41 to $35.36 with the price of the stock fluctuating between $33.62 to $54.52 over the last 52 weeks. Johnson Controls (JCI) shares are currently priced at 9.31x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 9.47x earnings multiple for the same period. The company pays shareholders $1.16 per share in dividend income per year, for a current yield of 3.23%. According to a consensus of 17 analysts, the earnings estimate of $0.82 per share would be $0.09 better than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $3.76 which would be a $0.34 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.03 Billion. If reported, that would be a 1.85% decrease over the year-ago quarter. In terms of ratings, Oppenheimer Initiated JCI at Outperform (Jan 7, 2016). Previously, Nomura upgraded JCI from Neutral to Buy. Given all the information above, we should disclose to readers that the average price target is $46.44, which is 33.83% above than it opened this morning. See more in (NYSE:JCI) Similar Articles: Stock Update: Johnson Controls Inc (NYSE:JCI) – Johnson Controls reports double digit 2016 first quarter adjusted earnings per share improvement Market Update: Johnson Controls Inc (NYSE:JCI) – Johnson Controls announces First Quarter 2016 Earnings Conference Call Webcast Market Update: Johnson Controls Inc (NYSE:JCI) – Johnson Controls Announces New Automotive Company to be Named Adient