Stock Update (NYSE:JCI): Hillary Clinton calls Johnson Controls-Tyco inversion ‘outrageous’

[Reuters] – “These efforts to shirk U.S. tax obligations leave American taxpayers holding the bag while corporations juice more revenues and profits ,” Clinton said in a statement. Johnson Controls announced on Monday a plan to buy Tyco for $16.5 billion, which the companies said will save $500 million in taxes in the first three years and an additional $150 million a year through tax synergies. Read more on this. Johnson Controls Inc. (JCI) , with a current market cap of $22.16B, started the session at $35.62. During today’s session, JCI traded between $33.86 to $36.00 with its 52-week range being $33.62 to $54.52. JCI shares are currently priced at 9.35x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 9.65x forward p/e ratio. And for passive income investors, the company pays shareholders $1.16 per share annually in dividends, yielding 3.26%. In a review of the consensus earnings estimate this quarter, 21 sell-side analysts are looking at $0.82 per share, which would be $0.03 better than the year-ago quarter and a $0.01 sequential decrease. Investors should also note that the full-year EPS estimate of $3.77 is a $0.35 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.27 Billion. If reported, that would be a 13.12% 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. When considering if the stock is under or overvalued, the average price target is $50.12, which is 40.71% above where the stock opened this morning. See more in (NYSE:JCI) Similar Articles: 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 Company Update (NYSE:JCI): Johnson Controls marks 50 years being listed on the New York Stock Exchange