This Auto Parts Stock is Driving Higher

by Sam Collins | March 12, 2013 1:28 am

This Auto Parts Stock is Driving Higher

Johnson Controls (NYSE: JCI[1]) — This company supplies building controls and energy management systems, automotive seating, and batteries.

Global vehicle sales projections indicate a 3.4% rise in overall revenues in fiscal year (FY) 2013, ending in September, and adjusted earnings are expected to increase from $2.59 in FY 2012 to $2.67 in FY 2013. The stock has a dividend yield of 2.3%.

JCI was up recently on reports that it is exploring the sale of its automotive electronics unit. The story that broke last week vaulted the stock from a consolidation with a series of strong volume days. The trading target for JCI is $38-$40.

03 12 13 jci 300x201 This Auto Parts Stock is Driving Higher
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chart key 300x84 This Auto Parts Stock is Driving Higher[2]

Endnotes:
  1. JCI: http://studio-5.financialcontent.com/investplace/quote?Symbol=JCI
  2. [Image]: http://investorplace.com/wp-content/uploads/2011/04/chart-key.gif

Source URL: http://investorplace.com/2013/03/trade-of-the-day-johnson-controls-nyse-jci/
Short URL: http://invstplc.com/1fpD5Wg