Johnson Controls International PLC (NYSE:JCI) was downgraded by research analysts at Susquehanna Bancshares Inc from a “positive” rating to a “neutral” rating in a research note issued to investors on Wednesday. They presently have a $49.00 price target on the auto parts company’s stock, up from their prior price target of $48.00. Susquehanna Bancshares Inc’s price target would suggest a potential upside of 35.58% from the company’s current price.
Other analysts have also recently issued research reports about the stock. Morgan Stanley set a $48.00 price objective on shares of Johnson Controls International PLC and gave the stock an “overweight” rating in a report on Monday, October 2nd. TheStreet raised shares of Johnson Controls International PLC from a “c” rating to a “b” rating in a report on Thursday, July 27th. BidaskClub cut shares of Johnson Controls International PLC from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Zacks Investment Research upgraded shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and set a $50.00 target price (down from $52.00) on shares of Johnson Controls International PLC in a research report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $47.79.
Johnson Controls International PLC (JCI) traded up $0.41 during mid-day trading on Wednesday, reaching $36.14. 5,557,100 shares of the company’s stock were exchanged, compared to its average volume of 5,150,104. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.56. Johnson Controls International PLC has a 12 month low of $34.51 and a 12 month high of $46.17. The firm has a market capitalization of $33,540.00, a PE ratio of 13.69, a P/E/G ratio of 0.96 and a beta of 0.94.
Johnson Controls International PLC (NYSE:JCI) last released its quarterly earnings data on Thursday, November 9th. The auto parts company reported $0.87 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.87. Johnson Controls International PLC had a net margin of 6.32% and a return on equity of 11.91%. The company had revenue of $8.14 billion for the quarter, compared to analysts’ expectations of $8.10 billion. During the same quarter last year, the company earned $1.21 earnings per share. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. equities analysts predict that Johnson Controls International PLC will post 2.8 EPS for the current year.
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In other Johnson Controls International PLC news, VP Jeffrey M. Williams sold 1,955 shares of the firm’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $41.43, for a total value of $80,995.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.48% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Honeywell International Inc. lifted its holdings in Johnson Controls International PLC by 216.7% in the third quarter. Honeywell International Inc. now owns 950,200 shares of the auto parts company’s stock valued at $38,284,000 after acquiring an additional 650,200 shares during the period. Federated Investors Inc. PA raised its stake in shares of 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 worth $3,184,000 after buying an additional 57,764 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of Johnson Controls International PLC during the 2nd quarter worth $4,338,000. Oppenheimer & Co. Inc. raised its stake in shares of 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 worth $8,449,000 after buying an additional 22,960 shares during the last quarter. Finally, First National Trust Co. raised its stake in shares of 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 worth $1,139,000 after buying an additional 3,482 shares during the last quarter. 85.98% of the stock is owned by institutional investors.
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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