Johnson Controls International (NYSE:JCI)‘s stock had its “hold” rating reissued by research analysts at Robert W. Baird in a research note issued to investors on Thursday. They currently have a $38.00 price target on the auto parts company’s stock. Robert W. Baird’s price objective indicates a potential upside of 10.88% from the company’s current price.
JCI has been the subject of several other reports. Zacks Investment Research cut Johnson Controls International from a “buy” rating to a “sell” rating in a research note on Wednesday, April 11th. Cowen cut Johnson Controls International from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $44.00 to $42.00 in a research note on Thursday, January 18th. ValuEngine cut Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Barclays assumed coverage on Johnson Controls International in a research note on Thursday, February 15th. They issued an “equal weight” rating and a $41.00 price objective for the company. Finally, Royal Bank of Canada cut Johnson Controls International from a “sector perform” rating to an “underperform” rating in a research note on Thursday, April 5th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $44.42.
Johnson Controls International stock opened at $34.27 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 0.80. Johnson Controls International has a one year low of $33.23 and a one year high of $44.37. The stock has a market capitalization of $31,497.44, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 1.13 and a beta of 0.86.
Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Johnson Controls International had a return on equity of 11.73% and a net margin of 5.92%. The company had revenue of $7.44 billion during the quarter, compared to analysts’ expectations of $7.19 billion. During the same period last year, the business posted $0.53 earnings per share. The firm’s revenue was up 4.8% compared to the same quarter last year. equities analysts predict that Johnson Controls International will post 2.78 earnings per share for the current year.
In related news, insider Rodney M. Rushing sold 14,199 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $37.88, for a total transaction of $537,858.12. Following the sale, the insider now directly owns 39,847 shares of the company’s stock, valued at $1,509,404.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.43% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of JCI. Cooke & Bieler LP acquired a new stake in Johnson Controls International during the fourth quarter worth about $101,521,000. Amundi Pioneer Asset Management Inc. acquired a new stake in Johnson Controls International during the fourth quarter worth about $46,142,000. Atlantic Trust Group LLC acquired a new stake in Johnson Controls International during the third quarter worth about $26,764,000. UBS Asset Management Americas Inc. grew its holdings in Johnson Controls International by 13.2% during the fourth quarter. UBS Asset Management Americas Inc. now owns 4,882,033 shares of the auto parts company’s stock worth $186,054,000 after acquiring an additional 569,204 shares during the period. Finally, Teachers Advisors LLC grew its holdings in Johnson Controls International by 23.1% during the fourth quarter. Teachers Advisors LLC now owns 1,914,066 shares of the auto parts company’s stock worth $72,945,000 after acquiring an additional 358,567 shares during the period. 91.06% of the stock is currently owned by hedge funds and other institutional investors.
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Johnson Controls International Company Profile
Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.
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