Argus Research Downgrades Johnson Controls Inc to Hold

Brokerage firm Argus Research Downgrades its rating on Johnson Controls Inc(JCI). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the stock financial advisor at Argus Research was issued on Feb 14, 2017 in a research report to their Investors and Clients.

Johnson Controls Inc (JCI) shares turned negative on Wednesdays trading session with the shares closing down -0.46 points or -1.08% at a volume of 43,87,719. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $42.494. The peak price level was also seen at $42.494 while the days lowest was $41.925. Finally the shares closed at $42.17. The 52-week high of the shares is $46.17 while the 52-week low is $30.99131. According to the latest information available, the market cap of the company is $39,585 M.

Johnson Controls Inc(JCI) last announced its earnings results on Feb 1, 2017 for Fiscal Year 2017 and Q1.Company reported revenue of $7.096B. Analysts had an estimated revenue of $7.150B. Earnings per share were $0.53. Analysts had estimated an EPS of $0.52.

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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