Johnson Controls International (NYSE:JCI) had its price objective increased by Royal Bank of Canada from $70.00 to $76.00 in a research report sent to investors on Thursday morning, The Fly reports. Royal Bank of Canada currently has a sector perform rating on the stock.
Other equities analysts have also recently issued reports about the company. Morgan Stanley raised their target price on Johnson Controls International from $85.00 to $87.00 and gave the company an overweight rating in a report on Thursday. Citigroup raised their target price on Johnson Controls International from $72.00 to $73.00 and gave the company a neutral rating in a report on Monday, August 2nd. Jefferies Financial Group initiated coverage on Johnson Controls International in a research note on Thursday, July 8th. They issued a buy rating and a $85.00 price objective for the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Johnson Controls International from $78.00 to $82.00 and gave the company a hold rating in a research note on Thursday. Finally, HSBC lifted their price objective on Johnson Controls International from $52.00 to $66.00 and gave the company a hold rating in a research note on Wednesday, August 4th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Johnson Controls International presently has a consensus rating of Buy and a consensus price target of $70.50.
Best Bank Stocks To Buy For 2023: Watsco, Inc.(WSO.B)
Watsco, Inc. (Watsco), incorporated on July 14, 1956, is a distributor of air conditioning, heating and refrigeration equipment and related parts and supplies (HVAC/R). The Company operates in the HVAC/R distribution industry in North America. As of December 31, 2014, the Company operated from 572 locations in 38 states in the United States, Canada, Mexico and Puerto Rico. The Company has market coverage on an export basis to Latin America and the Caribbean, through which it serves more than 50,000 contractors and dealers that service the replacement and new construction markets.
Watsco sells a line of products and maintains a mix of inventory to meet its customers’ needs. The products the Company distributes consist of: equipment, including residential central air conditioners ranging from 1-1/2 to five tons, gas, electric and oil furnaces ranging from 50,000 to 150,000 British thermal units (BTUs), commercial air conditioning and heating equipment and systems ranging from 1-1/2 to 25 tons and other specialized equipment; parts, including replacement compressors, evaporator coils, motors and other component parts, and supplies, including thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tape, adhesives and other ancillary supplies.
The Company also sells products to the refrigeration market. These products include condensing units, compressors, evaporators, valves, refrigerant, walk-in coolers and ice machines for industrial and commercial applications. The Company distributes products manufactured by Copeland Compressor Corporation, which is a subsidiary of Emerson Electric Co. (Emerson), E. I. Du Pont De Nemours and Company (DuPont), Mueller Industries, Inc., Owens Corning Insulating Systems, LLC and The Manitowoc Company, Inc. (Manitowoc).
- [By Shane Hupp]
Watsco Inc Class B (NYSE:WSO.B) declared a quarterly dividend on Monday, July 2nd, NASDAQ reports. Stockholders of record on Tuesday, July 17th will be given a dividend of 1.45 per share by the construction company on Tuesday, July 31st. This represents a $5.80 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Monday, July 16th.
Best Bank Stocks To Buy For 2023: Textainer Group Holdings Limited(TGH)
Textainer Group Holdings Limited (TGH), incorporated on December 2, 1993, is a holding company. The Company is involved in the purchase, ownership, management, leasing and disposal of a fleet of intermodal containers. The Company operates in three segments: Container Ownership, which owned containers accounting for approximately 80% of the Company’s fleet; Container Management, which managed containers on behalf of approximately 10 affiliated and unaffiliated container investors, providing acquisition, management and disposal services, and total managed containers accounted for approximately 20% of its fleet, and Container Resale, which sells containers from its fleet when they reach the end of their useful lives in marine service, and also purchases and leases or resells containers from shipping line customers, container traders and other sellers of containers. The Company is a lessor of intermodal containers based on fleet size, with a total fleet of approximately 2.1 million containers. The Company leases containers to approximately 360 shipping lines and other lessees. The Company is also a seller of used containers.
The Company’s subsidiaries include Textainer Equipment Management Limited (TEML), which provides container management, acquisition and disposal services to affiliated and unaffiliated container investors, and Textainer Limited (TL), which owns containers directly and through its subsidiaries, which include Textainer Marine Containers II Limited (TMCL II), Textainer Marine Containers III Limited (TMCL III), Textainer Marine Containers IV Limited (TMCL IV), TAP Funding Ltd. (TAP Funding) and TW Container Leasing Ltd. (TW). The Company leases containers under different types of leases, which include term leases, master leases, finance leases and spot leases. Term leases provide a customer with a specified number of containers for a specified period of time ranging from 3 to 5 years, with an associated set of pick-up and drop-off conditions. Term leases also include lifecycle leases, under which lessees will lease containers until they reach a pre-specified age, which is near the end of their useful lives. Master leases provide a framework of terms and conditions valid for a specified period of time, typically one year. Finance leases, which provide customers an alternative means for purchasing containers. Spot leases, which provide customers with containers for a relatively short lease period and fixed pick-up and drop-off locations.
The Company operates its business through a network of regional and area offices and independent depots. The Company maintains approximately four regional offices: Americas Region in Hackensack, New Jersey, the United States responsible for North and South America; European Region in New Malden, the United Kingdom responsible for Europe, the Mediterranean, the Middle East and Africa; North Asia Region in Yokohama, Japan responsible for Japan, South Korea and Taiwan, and South Asia Region in Singapore, responsible for Southeast Asia, the People’s Republic of China (PRC), including Hong Kong and Australia. The Company operates approximately 3,147,690 twenty foot equivalent unit (TEU).
The Company competes with Leased Assets Pool Company Limited.
- [By Joseph Griffin]
ValuEngine cut shares of Textainer Group (NYSE:TGH) from a sell rating to a strong sell rating in a research note released on Wednesday morning.
Several other equities research analysts have also commented on the company. Zacks Investment Research lowered Textainer Group from a buy rating to a hold rating in a research note on Wednesday, April 25th. Compass Point started coverage on Textainer Group in a research note on Monday, April 23rd. They set a neutral rating and a $17.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $20.67.
- [By Matthew DiLallo]
Last year was one that investors in Textainer Group Holdings (NYSE:TGH) will likely remember fondly as the container leasing company’s stock rocketed an eye-popping 188%. This year, however, has been a different story as shares are down nearly 30% since the beginning of the year, and more than 40% off their high. That sell-off might have investors wondering if now’s a good time to buy.
Best Bank Stocks To Buy For 2023: Retail Opportunity Investments Corp.(ROIC)
Retail Opportunity Investments Corp. (ROIC), incorporated on March 22, 2011, is an integrated, self-managed real estate investment trust (REIT). The Company’s primary business is the ownership, management and redevelopment of retail real estate properties. The Company specializes in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores. The Company’s portfolio consists of approximately 70 retail properties totaling over 8.6 million square feet of gross leasable area (GLA).
The Company focuses on leasing to retailers that provide necessity-based, non-discretionary goods and services, catering to the basic and daily needs of the surrounding community. The Company’s properties include Paramount Plaza, Santa Ana Downtown Plaza, Claremont Promenade, Sycamore Creek, Desert Springs Marketplace, Glendora Shopping Center, Cypress Center West, Harbor Place Center, Diamond Hills Plaza, Five Points Plaza, Peninsula Marketplace, Creekside Plaza, Moorpark Town Center, Ontario Plaza, Sunnyside Village Square, Johnson Creek, Four Corner Square and Warner Plaza Shopping Center. Its properties are located in Southern California, Northern California, Portland Metropolitan and Seattle Metropolitan.
- [By Steve Symington, Leo Sun, and Reuben Gregg Brewer]
But Exxon isn’t the only high-yield dividend stock our market has to offer. To that end, we asked three top Motley Fool investors to each find a dividend stock that pays even more than Exxon does. Read on to learn why they like Retail Opportunity Investments (NASDAQ:ROIC), Royal Dutch Shell (NYSE:RDS-A)(NYSE:RDS-B), and Seagate (NASDAQ:STX).
- [By Reuben Gregg Brewer]
Shares of real estate investment trust Retail Opportunity Investments Corp. (NASDAQ:ROIC) jumped 10% in January, according to data from S&P Global Market Intelligence. That beat the gain of about 8% from the S&P 500 Index, but it was a tad behind the broader REIT sector’s advance of a little under 12%.