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Johnson Controls (NYSE:JCI) target bumped up to $54.00, released a ratings update earlier today by Citigroup

Citigroup bumped up the target of Johnson Controls (NYSE:JCI) to $54.00 stating a possible upside of 0.18%.

Previously on Friday January 29, 2016, Robert W. Baird reported about Johnson Controls (NYSE:JCI) lowered the target price from $51.00 to $50.00. At the time, this indicated a possible upside of 0.42%.

Yesterday Johnson Controls (NYSE:JCI) traded -1.15% lower at $45.89. The company’s 50-day moving average is $43.82 and its 200-day moving average is $43.74. The last stock close price is up 3.70% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 2,686,366 shares of the stock were exchanged, down from an average trading volume of 6,862,580

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Johnson Controls (NYSE:JCI)

Johnson Controls has a 52 week low of $28.94 and a 52 week high of $48.97 The company’s market cap is currently $0.

In addition to Citigroup reporting its target price, a total of 14 firms have issued a report on the stock. The consensus target price is $48.07 with 5 firms rating the stock a strong buy, 4 firms rating the stock a buy, 9 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Johnson Controls (NYSE:JCI)

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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