Johnson Controls International PLC (JCI) Downgraded by UBS AG

Johnson Controls International PLC (NYSE:JCI) was downgraded by stock analysts at UBS AG from a “positive” rating to a “neutral” rating in a report issued on Wednesday.

JCI has been the subject of a number of other research reports. Citigroup Inc. reiterated a “buy” rating and issued a $50.00 price objective (up previously from $47.00) on shares of Johnson Controls International PLC in a research note on Monday, October 9th. Cowen and Company reiterated an “outperform” rating and issued a $48.00 price objective on shares of Johnson Controls International PLC in a research note on Monday, August 21st. Zacks Investment Research upgraded Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. Robert W. Baird reduced their price objective on Johnson Controls International PLC from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, November 10th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $45.00 price objective (down previously from $50.00) on shares of Johnson Controls International PLC in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company. Johnson Controls International PLC has an average rating of “Hold” and an average price target of $47.79.

Shares of Johnson Controls International PLC (JCI) opened at $35.89 on Wednesday. The firm has a market capitalization of $33,408.00, a P/E ratio of 13.79, a P/E/G ratio of 0.97 and a beta of 0.94. Johnson Controls International PLC has a 52 week low of $35.62 and a 52 week high of $46.17. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.77 and a current ratio of 1.04.

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 for the quarter, hitting the consensus estimate of $0.87. Johnson Controls International PLC had a return on equity of 11.91% and a net margin of 6.32%. The firm had revenue of $8.14 billion during the quarter, compared to analysts’ expectations of $8.10 billion. During the same quarter in the previous year, the business earned $1.21 earnings per share. The firm’s revenue was up 30.1% compared to the same quarter last year. analysts forecast that Johnson Controls International PLC will post 2.8 EPS for the current year.

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In related news, VP Jeffrey M. Williams sold 1,955 shares of the company’s stock in a transaction on Wednesday, October 11th. The stock was 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 SEC, which is available at this link. Corporate insiders own 1.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. grew its holdings in Johnson Controls International PLC by 5.5% in the second quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock valued at $110,000 after purchasing an additional 133 shares during the last quarter. Harfst & Associates Inc. grew its holdings in Johnson Controls International PLC by 16.9% in the second quarter. Harfst & Associates Inc. now owns 2,691 shares of the auto parts company’s stock valued at $116,000 after purchasing an additional 389 shares during the last quarter. Perigon Wealth Management LLC grew its holdings in Johnson Controls International PLC by 171.7% in the second quarter. Perigon Wealth Management LLC now owns 2,663 shares of the auto parts company’s stock valued at $116,000 after purchasing an additional 1,683 shares during the last quarter. Grove Bank & Trust grew its holdings in Johnson Controls International PLC by 57.7% in the second quarter. Grove Bank & Trust now owns 2,693 shares of the auto parts company’s stock valued at $117,000 after purchasing an additional 985 shares during the last quarter. Finally, Archford Capital Strategies LLC grew its holdings in Johnson Controls International PLC by 5,344.7% in the second quarter. Archford Capital Strategies LLC now owns 8,167 shares of the auto parts company’s stock valued at $124,000 after purchasing an additional 8,017 shares during the last quarter. 85.98% of the stock is currently owned by institutional investors.

Johnson Controls International PLC Company Profile

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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