Johnson Controls International PLC (JCI) Receives Average Recommendation of “Hold” from Analysts

Johnson Controls International PLC (NYSE:JCI) has been given an average rating of “Hold” by the twenty-two analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $48.15.

A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. BidaskClub downgraded shares of Johnson Controls International PLC from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Morgan Stanley dropped their target price on shares of Johnson Controls International PLC from $51.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday, August 7th. TheStreet upgraded shares of Johnson Controls International PLC from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Finally, Wolfe Research assumed coverage on shares of Johnson Controls International PLC in a research note on Tuesday, July 11th. They issued a “market perform” rating on the stock.

Johnson Controls International PLC (NYSE:JCI) traded down 0.64% during mid-day trading on Wednesday, hitting $42.14. The company had a trading volume of 4,778,245 shares. The stock’s market capitalization is $39.29 billion. The stock has a 50 day moving average price of $40.78 and a 200-day moving average price of $41.20. Johnson Controls International PLC has a 1-year low of $36.74 and a 1-year high of $46.17.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Monday, September 25th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, September 22nd. This represents a $1.00 annualized dividend and a dividend yield of 2.37%. Johnson Controls International PLC’s dividend payout ratio (DPR) is presently -196.08%.

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In other Johnson Controls International PLC news, VP Jeffrey M. Williams sold 1,955 shares of Johnson Controls International PLC stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $41.43, for a total value of $80,995.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.50% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CHICAGO TRUST Co NA increased its holdings in Johnson Controls International PLC by 0.5% in the second quarter. CHICAGO TRUST Co NA now owns 7,679 shares of the auto parts company’s stock valued at $333,000 after buying an additional 36 shares in the last quarter. First Interstate Bank grew its position in shares of Johnson Controls International PLC by 0.9% in the second quarter. First Interstate Bank now owns 7,069 shares of the auto parts company’s stock valued at $307,000 after purchasing an additional 62 shares during the period. Stanley Laman Group Ltd. grew its position in shares of Johnson Controls International PLC by 0.6% in the second quarter. Stanley Laman Group Ltd. now owns 11,410 shares of the auto parts company’s stock valued at $495,000 after purchasing an additional 63 shares during the period. Banced Corp grew its position in shares of Johnson Controls International PLC by 0.7% in the second quarter. Banced Corp now owns 11,954 shares of the auto parts company’s stock valued at $519,000 after purchasing an additional 84 shares during the period. Finally, River Wealth Advisors LLC grew its position in shares of Johnson Controls International PLC by 1.1% in the second quarter. River Wealth Advisors LLC now owns 11,070 shares of the auto parts company’s stock valued at $480,000 after purchasing an additional 117 shares during the period. 86.04% of the stock is 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.

Analyst Recommendations for Johnson Controls International PLC (NYSE:JCI)

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