Wolfe Research Initiates Coverage on Johnson Controls International PLC (NYSE:JCI)

Wolfe Research started coverage on shares of Johnson Controls International PLC (NYSE:JCI) in a research report sent to investors on Tuesday, July 11th. The brokerage issued a market perform rating on the auto parts company’s stock.

A number of other analysts also recently issued reports on the company. Morgan Stanley reissued an overweight rating and set a $51.00 price objective (up from $50.00) on shares of Johnson Controls International PLC in a research report on Monday, July 10th. Zacks Investment Research downgraded Johnson Controls International PLC from a hold rating to a sell rating in a research report on Tuesday, July 4th. BidaskClub raised Johnson Controls International PLC from a sell rating to a hold rating in a research report on Thursday, June 29th. JMP Securities began coverage on Johnson Controls International PLC in a research report on Monday, June 19th. They issued an outperform rating and a $54.00 target price for the company. Finally, ValuEngine downgraded Johnson Controls International PLC from a buy rating to a hold rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $50.43.

Johnson Controls International PLC (JCI) traded down 0.57% during trading on Tuesday, hitting $38.67. 2,936,758 shares of the stock traded hands. Johnson Controls International PLC has a 52-week low of $38.51 and a 52-week high of $49.83. The stock’s market cap is $36.06 billion. The stock has a 50 day moving average price of $42.07 and a 200-day moving average price of $41.96.

Johnson Controls International PLC (NYSE:JCI) last issued its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.71 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.71. The firm had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $7.72 billion. Johnson Controls International PLC had a positive return on equity of 11.74% and a negative net margin of 0.43%. The company’s quarterly revenue was up 48.8% on a year-over-year basis. During the same period last year, the company earned $1.07 EPS. On average, analysts anticipate that Johnson Controls International PLC will post $2.61 EPS for the current fiscal year.

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Large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Johnson Controls International PLC by 2.3% in the second quarter. Vanguard Group Inc. now owns 63,619,905 shares of the auto parts company’s stock worth $2,758,559,000 after buying an additional 1,457,941 shares in the last quarter. Dodge & Cox boosted its stake in shares of Johnson Controls International PLC by 83.5% in the second quarter. Dodge & Cox now owns 57,851,274 shares of the auto parts company’s stock worth $2,508,431,000 after buying an additional 26,319,624 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of Johnson Controls International PLC by 0.9% in the second quarter. Lazard Asset Management LLC now owns 11,337,622 shares of the auto parts company’s stock worth $491,599,000 after buying an additional 105,806 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Johnson Controls International PLC by 31.3% in the first quarter. OppenheimerFunds Inc. now owns 11,209,265 shares of the auto parts company’s stock worth $472,135,000 after buying an additional 2,670,778 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Johnson Controls International PLC by 19.7% in the second quarter. Ameriprise Financial Inc. now owns 10,564,756 shares of the auto parts company’s stock worth $458,142,000 after buying an additional 1,736,815 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

About Johnson Controls International PLC

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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