Shares of Johnson Controls International PLC (NYSE:JCI) have earned an average recommendation of “Hold” from the seventeen research firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $38.45.
A number of research firms have recently commented on JCI. Zacks Investment Research reaffirmed a “hold” rating on shares of Johnson Controls International in a report on Tuesday, November 13th. Oppenheimer reduced their price objective on shares of Johnson Controls International from $44.00 to $39.00 and set an “outperform” rating for the company in a report on Wednesday, November 14th. ValuEngine raised shares of Johnson Controls International from a “sell” rating to a “hold” rating in a report on Friday. Citigroup reduced their price objective on shares of Johnson Controls International from $46.00 to $43.00 and set a “buy” rating for the company in a report on Friday, November 16th. Finally, OTR Global downgraded shares of Johnson Controls International to a “positive” rating in a report on Friday, January 18th.
A number of hedge funds have recently made changes to their positions in JCI. Atria Investments LLC lifted its holdings in Johnson Controls International by 19.1% during the 3rd quarter. Atria Investments LLC now owns 27,982 shares of the company’s stock valued at $979,000 after purchasing an additional 4,480 shares during the last quarter. Bank of Montreal Can lifted its holdings in Johnson Controls International by 26.5% during the 3rd quarter. Bank of Montreal Can now owns 1,125,275 shares of the company’s stock valued at $39,385,000 after purchasing an additional 235,826 shares during the last quarter. Deprince Race & Zollo Inc. lifted its holdings in Johnson Controls International by 2.4% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 670,229 shares of the company’s stock valued at $23,458,000 after purchasing an additional 15,820 shares during the last quarter. First Hawaiian Bank bought a new position in Johnson Controls International during the 3rd quarter valued at about $470,000. Finally, Nisa Investment Advisors LLC lifted its holdings in Johnson Controls International by 5.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 180,183 shares of the company’s stock valued at $6,306,000 after purchasing an additional 8,764 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.
NYSE JCI traded up $0.63 during midday trading on Tuesday, hitting $34.70. The company had a trading volume of 101,577 shares, compared to its average volume of 5,111,836. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 0.85. The firm has a market capitalization of $31.10 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 1.71 and a beta of 1.05. Johnson Controls International has a fifty-two week low of $28.30 and a fifty-two week high of $40.33.
Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Friday, February 1st. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The company had revenue of $5.46 billion for the quarter, compared to analyst estimates of $5.47 billion. Johnson Controls International had a net margin of 7.77% and a return on equity of 10.73%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the business posted $0.54 EPS. As a group, sell-side analysts expect that Johnson Controls International will post 1.81 earnings per share for the current fiscal year.
Johnson Controls International declared that its Board of Directors has initiated a stock repurchase plan on Thursday, November 8th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase up to 3.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.
Johnson Controls International Company Profile
Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.
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