Johnson Controls International (NYSE:JCI) Receives Hold Rating from Barclays

Barclays reiterated their hold rating on shares of Johnson Controls International (NYSE:JCI) in a report published on Sunday morning, AnalystRatings.com reports. They currently have a $43.00 target price on the stock.

Several other research analysts have also weighed in on JCI. JPMorgan Chase & Co. boosted their price objective on shares of Johnson Controls International from $37.00 to $41.00 and gave the stock a neutral rating in a research note on Thursday, October 10th. ValuEngine lowered shares of Johnson Controls International from a buy rating to a hold rating in a research note on Thursday, August 1st. Argus boosted their price objective on shares of Johnson Controls International from $47.00 to $49.00 and gave the stock a buy rating in a research note on Friday, November 8th. Finally, Credit Suisse Group boosted their price objective on shares of Johnson Controls International from $44.00 to $45.00 and gave the stock a neutral rating in a research note on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Johnson Controls International has a consensus rating of Buy and a consensus price target of $42.22.

JCI stock traded up $0.33 during midday trading on Friday, hitting $42.18. The company’s stock had a trading volume of 482,712 shares, compared to its average volume of 5,301,055. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.37 and a quick ratio of 1.17. Johnson Controls International has a twelve month low of $28.30 and a twelve month high of $44.82. The company’s fifty day moving average price is $42.80 and its 200 day moving average price is $41.37. The stock has a market capitalization of $33.61 billion, a P/E ratio of 21.52, a PEG ratio of 1.72 and a beta of 0.94.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.02. The firm had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.42 billion. Johnson Controls International had a net margin of 23.67% and a return on equity of 8.04%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 EPS. Equities analysts expect that Johnson Controls International will post 2.54 EPS for the current fiscal year.

In related news, VP Robert M. Vanhimbergen sold 1,700 shares of Johnson Controls International stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $42.99, for a total transaction of $73,083.00. Following the completion of the sale, the vice president now owns 18,324 shares of the company’s stock, valued at approximately $787,748.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gretchen R. Haggerty bought 6,220 shares of Johnson Controls International stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average cost of $41.40 per share, with a total value of $257,508.00. Following the acquisition, the director now directly owns 12,860 shares in the company, valued at approximately $532,404. The disclosure for this purchase can be found here. Insiders have sold a total of 180,087 shares of company stock valued at $7,817,006 in the last ninety days. 0.50% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in JCI. Nuveen Asset Management LLC boosted its holdings in shares of Johnson Controls International by 13,437.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 3,103,696 shares of the company’s stock worth $128,213,000 after buying an additional 3,080,769 shares during the period. Prudential Financial Inc. boosted its holdings in shares of Johnson Controls International by 254.1% during the 2nd quarter. Prudential Financial Inc. now owns 3,988,710 shares of the company’s stock worth $164,774,000 after buying an additional 2,862,413 shares during the period. National Pension Service bought a new stake in shares of Johnson Controls International during the 2nd quarter worth about $45,311,000. APG Asset Management N.V. boosted its holdings in shares of Johnson Controls International by 61.5% during the 2nd quarter. APG Asset Management N.V. now owns 2,056,848 shares of the company’s stock worth $74,612,000 after buying an additional 783,200 shares during the period. Finally, Schafer Cullen Capital Management Inc boosted its holdings in shares of Johnson Controls International by 24.1% during the 2nd quarter. Schafer Cullen Capital Management Inc now owns 3,971,119 shares of the company’s stock worth $164,960,000 after buying an additional 770,038 shares during the period. 91.74% of the stock is owned by institutional investors and hedge funds.

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. 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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