Johnson Controls International PLC (NYSE:JCI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

According to Zacks, “Johnson Controls’ adjusted earnings and revenues came in line with the Zacks Consensus Estimate in the fourth-quarter of fiscal 2017. The frequent business divestitures are adversely impacting its revenues and profits. The company has agreed to pay $14.4 million to settle U.S. regulatory charges for its violation of the Foreign Corrupt Practices Act, which will add to its expenses. Also, negative foreign currency translations and volatile commodity prices are few other headwinds the company is facing. Moreover, in the last six months, Johnson Controls’ shares have underperformed in the industry it belongs to.”

JCI has been the subject of several other research reports. Citigroup Inc. reiterated a “buy” rating and set a $50.00 target price (up previously from $47.00) on shares of Johnson Controls International PLC in a research report on Monday, October 9th. Cowen and Company restated an “outperform” rating and set a $48.00 price target on shares of Johnson Controls International PLC in a report on Monday, August 21st. Robert W. Baird cut their price target on Johnson Controls International PLC from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $45.00 price target (down previously from $50.00) on shares of Johnson Controls International PLC in a report on Friday. Finally, Vertical Research cut Johnson Controls International PLC from a “buy” rating to a “hold” rating in a report on Friday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $47.79.

Johnson Controls International PLC (NYSE JCI) traded down $0.93 during trading hours on Tuesday, hitting $36.00. The company had a trading volume of 11,405,100 shares, compared to its average volume of 5,089,346. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.04 and a quick ratio of 0.77. Johnson Controls International PLC has a 12-month low of $35.85 and a 12-month high of $46.17. The stock has a market capitalization of $34,271.04, a PE ratio of 14.15, a P/E/G ratio of 0.98 and a beta of 0.94.

Johnson Controls International PLC (NYSE:JCI) last released its earnings results on Thursday, November 9th. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.87. Johnson Controls International PLC had a return on equity of 11.91% and a net margin of 6.32%. The firm had revenue of $8.14 billion during the quarter, compared to analysts’ expectations of $8.10 billion. During the same quarter last year, the business posted $1.21 earnings per share. The firm’s revenue was up 30.1% on a year-over-year basis. research analysts predict that Johnson Controls International PLC will post 2.84 EPS for the current 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 stock was sold at an average price of $41.43, for a total transaction of $80,995.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.50% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. increased 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 purchasing an additional 133 shares during the period. Harfst & Associates Inc. increased 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 purchasing an additional 389 shares during the period. Perigon Wealth Management LLC increased 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 purchasing an additional 1,683 shares during the period. Grove Bank & Trust increased 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 purchasing an additional 985 shares during the period. Finally, Archford Capital Strategies LLC increased 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 purchasing an additional 8,017 shares during the period. Institutional investors own 85.98% of the company’s stock.

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.

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

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