Johnson Controls International PLC (JCI) Hits New 12-Month Low Following Analyst Downgrade

Johnson Controls International PLC (NYSE:JCI) shares reached a new 52-week low during trading on Monday after Zacks Investment Research downgraded the stock from a hold rating to a sell rating. The company traded as low as $36.19 and last traded at $36.93, with a volume of 13793600 shares changing hands. The stock had previously closed at $38.51.

A number of other brokerages also recently issued reports on JCI. Citigroup Inc. reaffirmed 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 report on Monday, October 9th. Robert W. Baird reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Johnson Controls International PLC in a research report on Monday, August 28th. JMP Securities set a $50.00 price objective on shares of Johnson Controls International PLC and gave the stock a “buy” rating in a research report on Monday, October 23rd. Gabelli raised shares of Johnson Controls International PLC from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Friday, July 28th. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $48.00 price objective on shares of Johnson Controls International PLC in a research report on Monday, August 21st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $47.79.

In other Johnson Controls International PLC news, VP Jeffrey M. Williams sold 1,955 shares of Johnson Controls International PLC 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in JCI. Dodge & Cox lifted its stake in Johnson Controls International PLC by 83.5% during the 2nd quarter. Dodge & Cox now owns 57,851,274 shares of the auto parts company’s stock valued at $2,508,431,000 after acquiring an additional 26,319,624 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Johnson Controls International PLC by 144.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,877,880 shares of the auto parts company’s stock valued at $211,505,000 after purchasing an additional 2,879,948 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Johnson Controls International PLC by 31.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 11,885,205 shares of the auto parts company’s stock valued at $478,855,000 after purchasing an additional 2,812,690 shares during the period. Capital World Investors lifted its stake in shares of Johnson Controls International PLC by 4.7% in the 2nd quarter. Capital World Investors now owns 42,405,917 shares of the auto parts company’s stock valued at $1,838,721,000 after purchasing an additional 1,917,892 shares during the period. Finally, Strs Ohio acquired a new position in shares of Johnson Controls International PLC in the 2nd quarter valued at $77,094,000. Institutional investors and hedge funds own 85.98% of the company’s stock.

The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.56. The company has a market cap of $34,271.04, a P/E ratio of 14.15, a PEG ratio of 0.98 and a beta of 0.94.

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 consensus estimate of $0.87. Johnson Controls International PLC had a net margin of 6.32% and a return on equity of 11.91%. The firm had revenue of $8.14 billion during the quarter, compared to analysts’ expectations of $8.10 billion. During the same period in the previous year, the business posted $1.21 EPS. The business’s revenue was up 30.1% compared to the same quarter last year. equities research analysts predict that Johnson Controls International PLC will post 2.84 earnings per share for the current fiscal year.

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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.

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