Johnson Controls International (NYSE:JCI) Earns Equal Weight Rating from Analysts at Barclays

Investment analysts at Barclays began coverage on shares of Johnson Controls International (NYSE:JCI) in a research note issued on Wednesday, Briefing.com Automated Import reports. The brokerage set an “equal weight” rating and a $39.00 price target on the stock. Barclays‘s target price would suggest a potential upside of 0.33% from the stock’s previous close.

Several other analysts have also weighed in on JCI. Zacks Investment Research upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Monday, May 20th. TheStreet upgraded shares of Johnson Controls International from a “c+” rating to a “b-” rating in a research note on Thursday, May 9th. Citigroup began coverage on shares of Johnson Controls International in a research note on Wednesday, June 5th. They set a “buy” rating and a $45.00 target price for the company. Credit Suisse Group began coverage on shares of Johnson Controls International in a research report on Monday, May 13th. They set a “neutral” rating and a $42.00 price target for the company. Finally, Cowen restated a “hold” rating and set a $32.00 price target (down previously from $38.00) on shares of Johnson Controls International in a research report on Friday, February 15th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $39.64.

Shares of NYSE:JCI opened at $38.87 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.80. The firm has a market capitalization of $35.12 billion, a P/E ratio of 13.73, a P/E/G ratio of 2.10 and a beta of 0.93. Johnson Controls International has a 12-month low of $28.30 and a 12-month high of $40.33.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, May 1st. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. Johnson Controls International had a net margin of 8.52% and a return on equity of 9.85%. The firm had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.79 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts predict that Johnson Controls International will post 1.93 earnings per share for the current year.

Johnson Controls International declared that its board has approved a stock repurchase program on Thursday, March 7th that permits the company to buyback $8.50 billion in shares. This buyback authorization permits the company to buy up to 26% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

In related news, VP Jeffrey M. Williams sold 4,166 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $39.50, for a total value of $164,557.00. Following the completion of the sale, the vice president now owns 194,406 shares of the company’s stock, valued at $7,679,037. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Oliver sold 11,481 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $38.90, for a total transaction of $446,610.90. Following the completion of the sale, the chief executive officer now directly owns 870,354 shares of the company’s stock, valued at approximately $33,856,770.60. The disclosure for this sale can be found here. Insiders have sold 186,865 shares of company stock valued at $7,308,261 in the last 90 days. Insiders own 0.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Chicago Partners Investment Group LLC lifted its holdings in Johnson Controls International by 0.7% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,742 shares of the company’s stock valued at $121,000 after acquiring an additional 20 shares during the last quarter. Founders Capital Management lifted its holdings in Johnson Controls International by 0.6% in the 4th quarter. Founders Capital Management now owns 4,351 shares of the company’s stock valued at $172,000 after acquiring an additional 27 shares during the last quarter. Founders Capital Management LLC lifted its holdings in Johnson Controls International by 0.8% in the 2nd quarter. Founders Capital Management LLC now owns 4,417 shares of the company’s stock valued at $196,000 after acquiring an additional 33 shares during the last quarter. CHICAGO TRUST Co NA lifted its holdings in Johnson Controls International by 0.5% in the 2nd quarter. CHICAGO TRUST Co NA now owns 7,679 shares of the company’s stock valued at $333,000 after acquiring an additional 36 shares during the last quarter. Finally, First National Bank & Trust Co. of Newtown lifted its holdings in Johnson Controls International by 0.4% in the 1st quarter. First National Bank & Trust Co. of Newtown now owns 11,025 shares of the company’s stock valued at $464,000 after acquiring an additional 42 shares during the last quarter. 91.05% of the stock is owned by institutional investors and hedge funds.

About Johnson Controls International

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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Analyst Recommendations for Johnson Controls International (NYSE:JCI)

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