Johnson Controls International PLC (NYSE:JCI) Price Target Cut to $46.00

Johnson Controls International PLC (NYSE:JCI) had its target price decreased by Morgan Stanley from $51.00 to $46.00 in a report released on Monday, August 7th. Morgan Stanley currently has an overweight rating on the auto parts company’s stock.

Other research analysts have also issued research reports about the company. Wolfe Research assumed coverage on Johnson Controls International PLC in a research report on Tuesday, July 11th. They issued a market perform rating for the company. TheStreet raised Johnson Controls International PLC from a c rating to a b rating in a research report on Thursday, July 27th. BidaskClub lowered Johnson Controls International PLC from a hold rating to a sell rating in a research report on Tuesday, August 1st. Atlantic Securities downgraded Johnson Controls International PLC from an overweight rating to a neutral rating in a research note on Friday, July 28th. Finally, JMP Securities assumed coverage on Johnson Controls International PLC in a research note on Monday, June 19th. They issued an outperform rating and a $54.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $50.43.

Shares of Johnson Controls International PLC (NYSE JCI) traded up 0.43% during midday trading on Monday, reaching $37.05. The company’s stock had a trading volume of 4,523,953 shares. Johnson Controls International PLC has a 52-week low of $36.74 and a 52-week high of $49.83. The stock’s market cap is $34.55 billion. The stock has a 50-day moving average price of $41.30 and a 200-day moving average price of $41.70.

Johnson Controls International PLC (NYSE:JCI) last announced its earnings results on Thursday, July 27th. The auto parts company reported $0.71 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.71. Johnson Controls International PLC had a positive return on equity of 11.74% and a negative net margin of 0.43%. The firm had revenue of $7.67 billion during the quarter, compared to analyst estimates of $7.72 billion. During the same quarter in the prior year, the company earned $1.07 EPS. The business’s revenue was up 48.8% compared to the same quarter last year. 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 company. Quadrant Capital Group LLC boosted its stake in Johnson Controls International PLC by 1.0% in the first quarter. Quadrant Capital Group LLC now owns 6,918 shares of the auto parts company’s stock worth $285,000 after buying an additional 70 shares in the last quarter. Kempner Capital Management Inc. boosted its stake in Johnson Controls International PLC by 9.0% in the first quarter. Kempner Capital Management Inc. now owns 25,222 shares of the auto parts company’s stock worth $1,062,000 after buying an additional 2,079 shares in the last quarter. SOL Capital Management CO boosted its stake in Johnson Controls International PLC by 2.3% in the first quarter. SOL Capital Management CO now owns 11,547 shares of the auto parts company’s stock worth $486,000 after buying an additional 262 shares in the last quarter. Spirit of America Management Corp NY boosted its stake in Johnson Controls International PLC by 47.6% in the first quarter. Spirit of America Management Corp NY now owns 10,853 shares of the auto parts company’s stock worth $457,000 after buying an additional 3,500 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its stake in Johnson Controls International PLC by 0.3% in the first quarter. Capstone Asset Management Co. now owns 79,892 shares of the auto parts company’s stock worth $3,365,000 after buying an additional 217 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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