Johnson Controls International’s (JCI) Hold Rating Reaffirmed at Barclays

Johnson Controls International (NYSE:JCI)‘s stock had its “hold” rating reaffirmed by stock analysts at Barclays in a research report issued on Sunday, AnalystRatings.com reports. They presently have a $43.00 price objective on the stock. Barclays‘s price target indicates a potential upside of 1.13% from the company’s current price.

JCI has been the subject of a number of other reports. Argus upped their price target on shares of Johnson Controls International from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday. ValuEngine downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. upped their price target on shares of Johnson Controls International from $37.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, Credit Suisse Group upped their price target on shares of Johnson Controls International from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Friday. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $42.22.

JCI traded up $0.23 on Friday, reaching $42.52. The company had a trading volume of 4,832,903 shares, compared to its average volume of 5,578,074. The company has a fifty day moving average of $42.94 and a 200-day moving average of $41.26. The company has a market capitalization of $34.92 billion, a P/E ratio of 15.02, a PEG ratio of 1.77 and a beta of 0.94. The company has a current ratio of 1.41, a quick ratio of 1.19 and a debt-to-equity ratio of 0.32. Johnson Controls International has a one year low of $28.30 and a one year high of $44.82.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.02. Johnson Controls International had a net margin of 22.38% and a return on equity of 9.02%. The company had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.42 billion. During the same period in the prior year, the company earned $0.93 EPS. Johnson Controls International’s revenue was up 1.5% on a year-over-year basis. Research analysts predict that Johnson Controls International will post 1.95 EPS for the current year.

In other Johnson Controls International news, VP Jeffrey M. Williams sold 52,655 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $42.91, for a total transaction of $2,259,426.05. Following the completion of the sale, the vice president now directly owns 94,506 shares of the company’s stock, valued at $4,055,252.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jeffrey M. Williams sold 37,986 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $44.29, for a total transaction of $1,682,399.94. Following the sale, the vice president now directly owns 132,492 shares of the company’s stock, valued at $5,868,070.68. The disclosure for this sale can be found here. Insiders have sold 177,702 shares of company stock valued at $7,716,908 over the last ninety days. Insiders own 0.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of JCI. Putnam Investments LLC increased its holdings in Johnson Controls International by 10.1% in the second quarter. Putnam Investments LLC now owns 6,598,243 shares of the company’s stock worth $272,573,000 after buying an additional 606,217 shares during the last quarter. Prudential Financial Inc. grew its holdings in Johnson Controls International by 254.1% during the second quarter. Prudential Financial Inc. now owns 3,988,710 shares of the company’s stock valued at $164,774,000 after purchasing an additional 2,862,413 shares during the last quarter. Schafer Cullen Capital Management Inc grew its holdings in Johnson Controls International by 24.1% during the second quarter. Schafer Cullen Capital Management Inc now owns 3,971,119 shares of the company’s stock valued at $164,960,000 after purchasing an additional 770,038 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Johnson Controls International by 4.9% in the third quarter. Great West Life Assurance Co. Can now owns 3,808,049 shares of the company’s stock worth $167,292,000 after acquiring an additional 179,223 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of Johnson Controls International by 13,437.3% in the second quarter. Nuveen Asset Management LLC now owns 3,103,696 shares of the company’s stock worth $128,213,000 after acquiring an additional 3,080,769 shares during the last quarter. 92.05% of the stock is owned by institutional investors.

About Johnson Controls International

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. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.

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Analyst Recommendations for Johnson Controls International (NYSE:JCI)

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