Zacks Investment Research Lowers Johnson Controls International PLC (NYSE:JCI) to Sell

Zacks Investment Research lowered shares of Johnson Controls International PLC (NYSE:JCI) from a hold rating to a sell rating in a research report released on Tuesday morning.

According to Zacks, “Johnson Controls’ has been divesting several businesses, which are resulting in a decline of its revenues and profits due to high separation costs. Recently in Mar, it has signed an agreement to sell-off its Scott Safety business. Also, spinning-out of its automotive seating and interiors business and foreign currency headwinds are affecting the financial results of the company. Moreover, commodity pricing fluctuations and settlement charges are the other concerns Johnson Controls has been facing of late. Its shares have also underperformed the Zacks categorized Industrial Products-Services market over the last one year.”

Several other equities research analysts also recently commented on JCI. J P Morgan Chase & Co initiated coverage on Johnson Controls International PLC in a report on Monday, March 6th. They set a neutral rating and a $44.00 target price on the stock. Goldman Sachs Group, Inc. (The) downgraded Johnson Controls International PLC from a buy rating to a neutral rating and dropped their target price for the company from $48.00 to $44.00 in a report on Monday, March 13th. Susquehanna Bancshares Inc upgraded Johnson Controls International PLC from a neutral rating to a positive rating and raised their target price for the company from $47.00 to $49.00 in a report on Monday, March 20th. They noted that the move was a valuation call. HSBC Holdings plc initiated coverage on Johnson Controls International PLC in a report on Friday, March 31st. They set a buy rating and a $50.00 target price on the stock. Finally, Cowen and Company reiterated a buy rating and set a $52.00 target price on shares of Johnson Controls International PLC in a report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $50.93.

Johnson Controls International PLC (NYSE:JCI) opened at 43.16 on Tuesday. The stock’s 50 day moving average price is $41.99 and its 200-day moving average price is $42.10. Johnson Controls International PLC has a 12 month low of $39.16 and a 12 month high of $48.97. The firm’s market capitalization is $40.49 billion.

Johnson Controls International PLC (NYSE:JCI) last announced its earnings results on Thursday, April 27th. The auto parts company reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. The business had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $7.09 billion. Johnson Controls International PLC had a positive return on equity of 11.97% and a negative net margin of 1.69%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the business posted $0.86 EPS. On average, analysts forecast that Johnson Controls International PLC will post $2.63 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Zacks Investment Research Lowers Johnson Controls International PLC (NYSE:JCI) to Sell” was originally posted by WKRB News and is the sole property of of WKRB News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://www.wkrb13.com/markets/2284962/zacks-investment-research-lowers-johnson-controls-international-plc-nysejci-to-sell.html.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 7th. Shareholders of record on Wednesday, June 28th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.32%. The ex-dividend date was Monday, June 26th. Johnson Controls International PLC’s payout ratio is currently -194.70%.

In other news, CEO Alex A. Molinaroli sold 6,335 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $41.96, for a total value of $265,816.60. Following the sale, the chief executive officer now owns 1,296,407 shares of the company’s stock, valued at approximately $54,397,237.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.48% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the company. First National Bank & Trust Co. of Newtown increased its stake in Johnson Controls International PLC by 0.4% in the first quarter. First National Bank & Trust Co. of Newtown now owns 11,025 shares of the auto parts company’s stock worth $464,000 after buying an additional 42 shares in the last quarter. Beese Fulmer Investment Management Inc. increased its stake in Johnson Controls International PLC by 0.3% in the first quarter. Beese Fulmer Investment Management Inc. now owns 15,327 shares of the auto parts company’s stock worth $646,000 after buying an additional 42 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Johnson Controls International PLC by 1.0% in the first quarter. Quadrant Capital Group LLC now owns 6,918 shares of the auto parts company’s stock worth $285,000 after buying an additional 70 shares in the last quarter. Capstone Asset Management Co. increased its stake in Johnson Controls International PLC by 0.3% in the first quarter. Capstone Asset Management Co. now owns 79,892 shares of the auto parts company’s stock worth $3,365,000 after buying an additional 217 shares in the last quarter. Finally, Sky Investment Group LLC increased its stake in Johnson Controls International PLC by 0.5% in the first quarter. Sky Investment Group LLC now owns 49,806 shares of the auto parts company’s stock worth $2,098,000 after buying an additional 251 shares in the last quarter. 84.13% of the stock is currently owned by institutional investors.

Johnson Controls International PLC Company Profile

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.

Get a free copy of the Zacks research report on Johnson Controls International PLC (JCI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Johnson Controls International PLC (NYSE:JCI)

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2284962/zacks-investment-research-lowers-johnson-controls-international-plc-nysejci-to-sell.html

Receive News & Ratings for Johnson Controls International PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Controls International PLC and related companies with MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.