Johnson Controls Inc (JCI): Today's Featured Automotive Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Johnson Controls ( JCI) pushed the Automotive industry higher today making it today's featured automotive winner. The industry as a whole closed the day down 0.6%. By the end of trading, Johnson Controls rose $0.54 (1.1%) to $51.45 on average volume. Throughout the day, 4,370,436 shares of Johnson Controls exchanged hands as compared to its average daily volume of 4,044,800 shares. The stock ranged in a price between $51.09-$51.70 after having opened the day at $51.41 as compared to the previous trading day's close of $50.91. Other companies within the Automotive industry that increased today were: Dorman Products ( DORM), up 3.2%, China Automotive Systems ( CAAS), up 3.1%, Motorcar Parts of America ( MPAA), up 2.2% and Hyster-Yale Materials Handling Inc Class A ( HY), up 2.0%.

Johnson Controls, Inc. is engaged in building efficiency, automotive experience, and power solutions businesses worldwide. Johnson Controls has a market cap of $34.5 billion and is part of the consumer goods sector. The company has a P/E ratio of 29.5, above the S&P 500 P/E ratio of 17.7. Shares are up 66.0% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Johnson Controls a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Johnson Controls as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Spartan Motors ( SPAR), down 4.8%, Marine Products Corporation ( MPX), down 4.1%, Quantum Fuel Systems Technologies Worldwide ( QTWW), down 2.7% and Accuride ( ACW), down 2.2% , were all laggards within the automotive industry with Icahn ( IEP) being today's automotive industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the automotive industry could consider Consumer Discretionary Sel Sec SPDR ( XLY) while those bearish on the automotive industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

AMD Rises Above the Competition; Loan Losses Mount for Big Banks -- ICYMI

AMD Rises Above the Competition; Loan Losses Mount for Big Banks -- ICYMI

McKesson Internal Review Clears Senior Management of Wrongdoing on Opioids

McKesson Internal Review Clears Senior Management of Wrongdoing on Opioids

Starbucks Surprises Wall Street With U.S. Sales Up a Paltry 2%

Starbucks Surprises Wall Street With U.S. Sales Up a Paltry 2%

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb

Why Nashville, Denver, LA Should Reconsider Bids for Amazon HQ2

Why Nashville, Denver, LA Should Reconsider Bids for Amazon HQ2