Cowen Reiterates “Hold” Rating for Johnson Controls International plc Ordinary Share (JCI)

Johnson Controls International plc Ordinary Share (NYSE:JCI)‘s stock had its “hold” rating reiterated by stock analysts at Cowen in a research note issued to investors on Wednesday. They currently have a $42.00 target price on the auto parts company’s stock. Cowen’s price objective points to a potential upside of 10.35% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. TheStreet raised shares of Johnson Controls International plc Ordinary Share from a “c” rating to a “b” rating in a research report on Thursday, November 9th. Oppenheimer reaffirmed a “buy” rating and issued a $45.00 target price (down previously from $50.00) on shares of Johnson Controls International plc Ordinary Share in a research report on Friday, November 10th. JMP Securities set a $50.00 target price on shares of Johnson Controls International plc Ordinary Share and gave the stock a “buy” rating in a research report on Monday, October 23rd. UBS Group started coverage on shares of Johnson Controls International plc Ordinary Share in a research report on Monday, January 22nd. They issued a “buy” rating for the company. Finally, Vertical Group reaffirmed a “hold” rating on shares of Johnson Controls International plc Ordinary Share in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. Johnson Controls International plc Ordinary Share has an average rating of “Hold” and a consensus target price of $46.50.

Shares of Johnson Controls International plc Ordinary Share (NYSE JCI) traded up $0.44 during midday trading on Wednesday, reaching $38.06. 1,350,000 shares of the company were exchanged, compared to its average volume of 6,620,000. Johnson Controls International plc Ordinary Share has a 52 week low of $34.51 and a 52 week high of $44.37. The stock has a market cap of $34,840.00, a price-to-earnings ratio of 24.24, a P/E/G ratio of 1.24 and a beta of 0.81. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.80 and a current ratio of 1.11.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last posted its earnings results on Wednesday, January 31st. The auto parts company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Johnson Controls International plc Ordinary Share had a net margin of 5.92% and a return on equity of 11.73%. The business had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.19 billion. During the same quarter in the previous year, the firm posted $0.53 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. equities research analysts predict that Johnson Controls International plc Ordinary Share will post 2.79 earnings per share for the current year.

Johnson Controls International plc Ordinary Share declared that its Board of Directors has authorized a stock repurchase program on Thursday, December 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the auto parts company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

In other news, CEO George Oliver bought 27,300 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The stock was bought at an average price of $36.80 per share, with a total value of $1,004,640.00. Following the acquisition, the chief executive officer now owns 634,732 shares of the company’s stock, valued at approximately $23,358,137.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP William C. Jackson bought 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average cost of $36.00 per share, with a total value of $720,000.00. Following the acquisition, the vice president now directly owns 286,842 shares in the company, valued at approximately $10,326,312. The disclosure for this purchase can be found here. Insiders purchased a total of 59,300 shares of company stock valued at $2,161,560 in the last ninety days. 0.43% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of JCI. Hotchkis & Wiley Capital Management LLC boosted its holdings in Johnson Controls International plc Ordinary Share by 31.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 11,885,205 shares of the auto parts company’s stock worth $478,855,000 after buying an additional 2,812,690 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Johnson Controls International plc Ordinary Share by 5.9% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 45,423,316 shares of the auto parts company’s stock worth $1,830,106,000 after purchasing an additional 2,537,865 shares in the last quarter. Epoch Investment Partners Inc. lifted its stake in Johnson Controls International plc Ordinary Share by 19.8% in the 3rd quarter. Epoch Investment Partners Inc. now owns 10,168,668 shares of the auto parts company’s stock worth $409,696,000 after purchasing an additional 1,681,470 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in Johnson Controls International plc Ordinary Share by 6,763.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,595,353 shares of the auto parts company’s stock worth $64,277,000 after purchasing an additional 1,572,110 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Johnson Controls International plc Ordinary Share by 8.6% in the 3rd quarter. American Century Companies Inc. now owns 14,430,474 shares of the auto parts company’s stock worth $581,404,000 after purchasing an additional 1,141,974 shares in the last quarter. 89.61% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Cowen Reiterates “Hold” Rating for Johnson Controls International plc Ordinary Share (JCI)” was published by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://www.americanbankingnews.com/2018/02/07/cowen-reiterates-hold-rating-for-johnson-controls-international-plc-ordinary-share-jci.html.

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.

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

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

Leave a Reply