Johnson Controls International PLC (JCI) Lowered to Strong Sell at BidaskClub

Johnson Controls International PLC (NYSE:JCI) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.

Other research analysts also recently issued research reports about the stock. TheStreet upgraded shares of Johnson Controls International PLC from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Gabelli upgraded shares of Johnson Controls International PLC from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Friday, July 28th. Cowen and Company reiterated a “buy” rating and issued a $52.00 price target on shares of Johnson Controls International PLC in a research note on Thursday, April 27th. Royal Bank Of Canada reiterated a “hold” rating and issued a $43.00 price target (down previously from $48.00) on shares of Johnson Controls International PLC in a research note on Friday, July 28th. Finally, ValuEngine downgraded shares of Johnson Controls International PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $50.43.

Johnson Controls International PLC (NYSE:JCI) traded up 1.03% during midday trading on Friday, reaching $37.27. 2,186,139 shares of the company were exchanged. The company’s market capitalization is $34.75 billion. Johnson Controls International PLC has a 52 week low of $36.74 and a 52 week high of $48.97. The firm has a 50-day moving average price of $41.46 and a 200-day moving average price of $41.75.

Johnson Controls International PLC (NYSE:JCI) last issued its quarterly earnings results 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. Johnson Controls International PLC had a negative net margin of 0.43% and a positive return on equity of 11.74%. The company had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $7.72 billion. During the same quarter in the previous year, the firm earned $1.07 earnings per share. The firm’s quarterly revenue was up 48.8% on a year-over-year basis. Equities research analysts anticipate that Johnson Controls International PLC will post $2.61 earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in the stock. American International Group Inc. boosted its position in shares of Johnson Controls International PLC by 0.8% in the first quarter. American International Group Inc. now owns 467,845 shares of the auto parts company’s stock valued at $19,706,000 after buying an additional 3,499 shares in the last quarter. Busey Trust CO purchased a new position in shares of Johnson Controls International PLC during the first quarter valued at about $2,994,000. Bank of New York Mellon Corp boosted its position in shares of Johnson Controls International PLC by 19.2% in the first quarter. Bank of New York Mellon Corp now owns 9,214,364 shares of the auto parts company’s stock valued at $388,108,000 after buying an additional 1,483,178 shares in the last quarter. PGGM Investments boosted its position in shares of Johnson Controls International PLC by 15.7% in the first quarter. PGGM Investments now owns 1,091,359 shares of the auto parts company’s stock valued at $45,968,000 after buying an additional 148,000 shares in the last quarter. Finally, Financial Counselors Inc. boosted its position in shares of Johnson Controls International PLC by 2.8% in the first quarter. Financial Counselors Inc. now owns 21,317 shares of the auto parts company’s stock valued at $898,000 after buying an additional 586 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors.

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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