Johnson Controls International plc Ordinary Share (NYSE:JCI)‘s stock had its “outperform” rating restated by analysts at Cowen and Company in a research note issued to investors on Friday. They currently have a $52.00 price objective on the auto parts company’s stock. Cowen and Company’s target price indicates a potential upside of 24.49% from the stock’s previous close.

Several other research analysts have also weighed in on the company. Zacks Investment Research upgraded Johnson Controls International plc Ordinary Share from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. HSBC Holdings plc assumed coverage on Johnson Controls International plc Ordinary Share in a report on Friday, March 31st. They set a “buy” rating and a $50.00 target price on the stock. Susquehanna Bancshares Inc upgraded Johnson Controls International plc Ordinary Share from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $47.00 to $49.00 in a report on Monday, March 20th. They noted that the move was a valuation call. Goldman Sachs Group Inc lowered Johnson Controls International plc Ordinary Share from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $48.00 to $44.00 in a report on Monday, March 13th. Finally, JPMorgan Chase & Co. assumed coverage on Johnson Controls International plc Ordinary Share in a report on Monday, March 6th. They set a “neutral” rating and a $44.00 target price on the stock. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $50.82.

Analyst Recommendations for Johnson Controls International plc Ordinary Share (NYSE:JCI)

Johnson Controls International plc Ordinary Share (NYSE:JCI) opened at 42.60 on Friday. The company’s 50-day moving average price is $41.73 and its 200 day moving average price is $42.52. Johnson Controls International plc Ordinary Share has a 52-week low of $39.16 and a 52-week high of $48.97. The firm’s market capitalization is $39.96 billion.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last posted its earnings results on Thursday, April 27th. The auto parts company reported $0.50 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. The firm had revenue of $7.24 billion for the quarter, compared to analyst estimates of $7.09 billion. Johnson Controls International plc Ordinary Share had a positive return on equity of 13.43% and a negative net margin of 2.07%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 earnings per share. Equities analysts predict that Johnson Controls International plc Ordinary Share will post $2.63 earnings per share for the current fiscal year.

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In related news, CEO Alex A. Molinaroli sold 6,335 shares of Johnson Controls International plc Ordinary Share stock in a transaction dated 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 $54,397,237.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its stake in Johnson Controls International plc Ordinary Share by 72.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 52,726,629 shares of the auto parts company’s stock worth $2,453,370,000 after buying an additional 22,191,201 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Johnson Controls International plc Ordinary Share by 6.9% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 40,120,022 shares of the auto parts company’s stock worth $1,652,544,000 after buying an additional 2,602,754 shares in the last quarter. State Street Corp increased its stake in Johnson Controls International plc Ordinary Share by 7.0% in the fourth quarter. State Street Corp now owns 39,420,646 shares of the auto parts company’s stock worth $1,623,742,000 after buying an additional 2,562,228 shares in the last quarter. Dodge & Cox bought a new stake in Johnson Controls International plc Ordinary Share during the fourth quarter worth about $1,310,860,000. Finally, Davis Selected Advisers increased its stake in Johnson Controls International plc Ordinary Share by 2.2% in the fourth quarter. Davis Selected Advisers now owns 14,906,750 shares of the auto parts company’s stock worth $614,009,000 after buying an additional 316,685 shares in the last quarter. 82.75% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International plc Ordinary Share 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.

12 Month Chart for NYSE:JCI

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