Johnson Controls International PLC (NYSE:JCI) had its price objective decreased by research analysts at Morgan Stanley from $51.00 to $46.00 in a research note issued to investors on Monday. The brokerage currently has an “overweight” rating on the auto parts company’s stock. Morgan Stanley’s price objective suggests a potential upside of 17.44% from the company’s current price.

Several other equities research analysts have also issued reports on JCI. Zacks Investment Research upgraded shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th. Cowen and Company restated a “buy” rating and set a $52.00 price target on shares of Johnson Controls International PLC in a research note on Thursday, April 27th. ValuEngine lowered shares of Johnson Controls International PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. JMP Securities started coverage on shares of Johnson Controls International PLC in a research note on Monday, June 19th. They set an “outperform” rating and a $54.00 price target for the company. Finally, BidaskClub upgraded shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Johnson Controls International PLC currently has an average rating of “Buy” and an average target price of $50.43.

Johnson Controls International PLC (NYSE JCI) traded up 1.749% during trading on Monday, hitting $39.855. The stock had a trading volume of 3,805,610 shares. The firm’s market capitalization is $37.16 billion. The firm has a 50 day moving average price of $42.58 and a 200-day moving average price of $42.13. Johnson Controls International PLC has a 1-year low of $38.54 and a 1-year high of $48.97.

Johnson Controls International PLC (NYSE:JCI) last posted its earnings results on Thursday, July 27th. The auto parts company reported $0.71 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.71. Johnson Controls International PLC had a negative net margin of 0.43% and a positive return on equity of 11.74%. The firm had revenue of $7.67 billion for the quarter, compared to analysts’ expectations of $7.72 billion. During the same quarter last year, the firm earned $1.07 EPS. The company’s quarterly revenue was up 48.8% compared to the same quarter last year. On average, equities research analysts expect that Johnson Controls International PLC will post $2.61 EPS for the current year.

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In other news, CEO Alex A. Molinaroli sold 6,335 shares of Johnson Controls International PLC stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $41.96, for a total transaction of $265,816.60. Following the completion of the sale, the chief executive officer now directly owns 1,296,407 shares of the company’s stock, valued at approximately $54,397,237.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. FNY Managed Accounts LLC bought a new stake in Johnson Controls International PLC during the first quarter worth about $100,000. Bessemer Group Inc. increased its stake in Johnson Controls International PLC by 5.5% in the second quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock worth $110,000 after buying an additional 133 shares in the last quarter. Grove Bank & Trust increased its stake in Johnson Controls International PLC by 57.7% in the second quarter. Grove Bank & Trust now owns 2,693 shares of the auto parts company’s stock worth $117,000 after buying an additional 985 shares in the last quarter. First PREMIER Bank increased its stake in Johnson Controls International PLC by 366.2% in the second quarter. First PREMIER Bank now owns 3,361 shares of the auto parts company’s stock worth $146,000 after buying an additional 2,640 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. increased its stake in Johnson Controls International PLC by 4.2% in the second quarter. Bbva Compass Bancshares Inc. now owns 3,714 shares of the auto parts company’s stock worth $161,000 after buying an additional 150 shares in the last quarter. 85.23% of the stock is 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.

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

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