Johnson Controls International PLC (JCI) Stock Rating Reaffirmed by Vertical Group

Vertical Group reiterated their hold rating on shares of Johnson Controls International PLC (NYSE:JCI) in a research report sent to investors on Friday morning.

Several other research firms have also recently issued reports on JCI. Oppenheimer Holdings, Inc. restated a buy rating and set a $50.00 target price (down previously from $52.00) on shares of Johnson Controls International PLC in a research note on Tuesday, October 31st. JMP Securities set a $50.00 target price on shares of Johnson Controls International PLC and gave the company a buy rating in a research note on Monday, October 23rd. Citigroup Inc. restated a buy rating and set a $50.00 target price (up previously from $47.00) on shares of Johnson Controls International PLC in a research note on Monday, October 9th. Cowen and Company restated a buy rating and set a $48.00 target price on shares of Johnson Controls International PLC in a research note on Thursday, November 9th. Finally, Morgan Stanley set a $48.00 target price on shares of Johnson Controls International PLC and gave the company an overweight rating in a research note on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. Johnson Controls International PLC has an average rating of Hold and an average target price of $47.79.

Johnson Controls International PLC (NYSE JCI) traded down $0.93 on Friday, reaching $36.00. 11,405,100 shares of the company’s stock traded hands, compared to its average volume of 5,089,346. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.56. The company has a market cap of $34,271.04, a PE ratio of 14.15, a P/E/G ratio of 0.98 and a beta of 0.94. Johnson Controls International PLC has a 1-year low of $35.85 and a 1-year high of $46.17.

Johnson Controls International PLC (NYSE:JCI) last posted its earnings results on Thursday, November 9th. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.87. The business had revenue of $8.14 billion for the quarter, compared to analysts’ expectations of $8.10 billion. Johnson Controls International PLC had a net margin of 6.32% and a return on equity of 11.91%. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.21 EPS. research analysts forecast that Johnson Controls International PLC will post 2.84 earnings per share for the current fiscal year.

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In other Johnson Controls International PLC news, VP Jeffrey M. Williams sold 1,955 shares of the stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $41.43, for a total transaction of $80,995.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.50% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Honeywell International Inc. grew its holdings in Johnson Controls International PLC by 216.7% during the 3rd quarter. Honeywell International Inc. now owns 950,200 shares of the auto parts company’s stock valued at $38,284,000 after buying an additional 650,200 shares in the last quarter. Federated Investors Inc. PA grew its holdings in Johnson Controls International PLC by 368.6% during the 2nd quarter. Federated Investors Inc. PA now owns 73,435 shares of the auto parts company’s stock valued at $3,184,000 after buying an additional 57,764 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in Johnson Controls International PLC during the 2nd quarter valued at approximately $4,338,000. Oppenheimer & Co. Inc. grew its holdings in Johnson Controls International PLC by 13.4% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 194,832 shares of the auto parts company’s stock valued at $8,449,000 after buying an additional 22,960 shares in the last quarter. Finally, First National Trust Co. grew its holdings in Johnson Controls International PLC by 15.3% during the 2nd quarter. First National Trust Co. now owns 26,265 shares of the auto parts company’s stock valued at $1,139,000 after buying an additional 3,482 shares in the last quarter. 85.98% of the stock is owned by institutional investors and hedge funds.

About Johnson Controls International PLC

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.

Analyst Recommendations for Johnson Controls International PLC (NYSE:JCI)

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