Johnson Controls International PLC (NYSE:JCI) received a $50.00 price objective from analysts at JMP Securities in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the auto parts company’s stock. JMP Securities’ price objective indicates a potential upside of 20.16% from the stock’s current price.

Several other equities analysts also recently issued reports on JCI. Citigroup Inc. reissued a “buy” rating and set a $50.00 price objective (up previously from $47.00) on shares of Johnson Controls International PLC in a research note on Monday, October 9th. Morgan Stanley set a $48.00 price target on shares of Johnson Controls International PLC and gave the stock an “overweight” rating in a research note on Monday, October 2nd. Cowen and Company reaffirmed a “buy” rating and set a $48.00 price target on shares of Johnson Controls International PLC in a research note on Wednesday, September 27th. Zacks Investment Research raised shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Finally, Robert W. Baird reissued a “buy” rating and issued a $50.00 price objective on shares of Johnson Controls International PLC in a research report on Monday, August 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $48.43.

Johnson Controls International PLC (NYSE JCI) traded down 0.02% during midday trading on Monday, hitting $41.61. The stock had a trading volume of 3,016,201 shares. The stock has a 50 day moving average of $40.46 and a 200 day moving average of $41.16. Johnson Controls International PLC has a 12 month low of $36.74 and a 12 month high of $46.17. The stock’s market cap is $38.80 billion.

Johnson Controls International PLC (NYSE:JCI) last issued its earnings results on Thursday, July 27th. The auto parts company reported $0.71 earnings per share for the quarter, hitting the 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 company had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.72 billion. During the same period in the prior year, the business posted $1.07 earnings per share. The firm’s revenue for the quarter was up 48.8% compared to the same quarter last year. Analysts expect that Johnson Controls International PLC will post $2.61 EPS for the current fiscal year.

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In other Johnson Controls International PLC news, VP Jeffrey M. Williams sold 1,955 shares of the firm’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $41.43, for a total transaction of $80,995.65. The sale 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 company insiders.

A number of hedge funds have recently made changes to their positions in JCI. Bessemer Group Inc. grew its holdings in Johnson Controls International PLC by 5.5% during the 2nd quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock worth $110,000 after acquiring an additional 133 shares in the last quarter. Harfst & Associates Inc. grew its holdings in Johnson Controls International PLC by 16.9% during the 2nd quarter. Harfst & Associates Inc. now owns 2,691 shares of the auto parts company’s stock worth $116,000 after acquiring an additional 389 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in Johnson Controls International PLC by 171.7% during the 2nd quarter. Perigon Wealth Management LLC now owns 2,663 shares of the auto parts company’s stock worth $116,000 after acquiring an additional 1,683 shares in the last quarter. Grove Bank & Trust grew its holdings in Johnson Controls International PLC by 57.7% during the 2nd quarter. Grove Bank & Trust now owns 2,693 shares of the auto parts company’s stock worth $117,000 after acquiring an additional 985 shares in the last quarter. Finally, Archford Capital Strategies LLC grew its holdings in Johnson Controls International PLC by 5,344.7% during the 2nd quarter. Archford Capital Strategies LLC now owns 8,167 shares of the auto parts company’s stock worth $124,000 after acquiring an additional 8,017 shares in the last quarter. 86.04% of the stock is owned by institutional investors.

About Johnson Controls International PLC

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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