Johnson Controls International’s (JCI) Hold Rating Reaffirmed at Barclays

Johnson Controls International (NYSE:JCI)‘s stock had its “hold” rating restated by Barclays in a report released on Sunday, AnalystRatings.com reports. They currently have a $43.00 price target on the stock. Barclays‘s target price would indicate a potential upside of 1.13% from the company’s previous close.

Several other equities analysts have also issued reports on JCI. JPMorgan Chase & Co. lifted their price objective on shares of Johnson Controls International from $37.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. ValuEngine lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Credit Suisse Group lifted their price objective on shares of Johnson Controls International from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Friday. Finally, Argus lifted their price objective on shares of Johnson Controls International from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $42.22.

Shares of NYSE:JCI traded up $0.23 during trading on Friday, reaching $42.52. 4,832,903 shares of the company were exchanged, compared to its average volume of 5,578,074. The firm has a market capitalization of $34.92 billion, a PE ratio of 15.02, a P/E/G ratio of 1.77 and a beta of 0.94. The business’s fifty day simple moving average is $42.94 and its 200-day simple moving average is $41.26. Johnson Controls International has a 12-month low of $28.30 and a 12-month high of $44.82. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.41 and a quick ratio of 1.19.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Thursday, November 7th. The company reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.02. The business had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.42 billion. Johnson Controls International had a net margin of 22.38% and a return on equity of 9.02%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company posted $0.93 earnings per share. On average, sell-side analysts anticipate that Johnson Controls International will post 1.95 EPS for the current fiscal year.

In other Johnson Controls International news, CEO George Oliver sold 11,207 shares of Johnson Controls International stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $42.07, for a total value of $471,478.49. Following the transaction, the chief executive officer now directly owns 887,198 shares of the company’s stock, valued at $37,324,419.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gretchen R. Haggerty purchased 6,220 shares of the business’s stock in a transaction on Monday, August 26th. The stock was purchased at an average cost of $41.40 per share, for a total transaction of $257,508.00. Following the completion of the acquisition, the director now directly owns 12,860 shares of the company’s stock, valued at approximately $532,404. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 177,702 shares of company stock worth $7,716,908. 0.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JCI. Moody National Bank Trust Division lifted its stake in shares of Johnson Controls International by 537.6% during the fourth quarter. Moody National Bank Trust Division now owns 848 shares of the company’s stock worth $25,000 after buying an additional 715 shares during the period. Horan Capital Advisors LLC. acquired a new position in Johnson Controls International during the first quarter valued at $25,000. Creative Financial Designs Inc. ADV lifted its position in Johnson Controls International by 155.6% during the first quarter. Creative Financial Designs Inc. ADV now owns 667 shares of the company’s stock valued at $25,000 after purchasing an additional 406 shares during the period. Garrett Wealth Advisory Group LLC acquired a new position in Johnson Controls International during the third quarter valued at $26,000. Finally, Ellis Investment Partners LLC acquired a new position in Johnson Controls International during the first quarter valued at $30,000. 92.05% of the stock is currently 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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