Johnson Controls International PLC (JCI) Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Johnson Controls International PLC (NYSE:JCI) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

According to Zacks, “Johnson Controls’ adjusted earnings and revenues came in line with the Zacks Consensus Estimate in the fourth-quarter of fiscal 2017. The frequent business divestitures are adversely impacting its revenues and profits. The company has agreed to pay $14.4 million to settle U.S. regulatory charges for its violation of the Foreign Corrupt Practices Act, which will add to its expenses. Also, negative foreign currency translations and volatile commodity prices are few other headwinds the company is facing. Moreover, in the last six months, Johnson Controls’ shares have underperformed in the industry it belongs to.”

Several other equities research analysts have also recently weighed in on the company. Citigroup Inc. reissued a buy rating and issued a $50.00 price objective (up from $47.00) on shares of Johnson Controls International PLC in a research report on Monday, October 9th. Oppenheimer Holdings, Inc. reissued a buy rating and issued a $50.00 price objective (down from $52.00) on shares of Johnson Controls International PLC in a research report on Tuesday, October 31st. Robert W. Baird reissued a buy rating and issued a $50.00 price objective on shares of Johnson Controls International PLC in a research report on Monday, August 28th. JMP Securities set a $50.00 price objective on Johnson Controls International PLC and gave the company a buy rating in a research report on Monday, October 23rd. Finally, Gabelli raised Johnson Controls International PLC from a hold rating to a buy rating and set a $51.00 price objective for the company in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company’s stock. Johnson Controls International PLC currently has an average rating of Hold and a consensus target price of $47.79.

Shares of Johnson Controls International PLC (JCI) opened at $36.39 on Tuesday. The stock has a market capitalization of $33,160.00, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 0.96 and a beta of 0.94. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.56. Johnson Controls International PLC has a 12-month low of $34.51 and a 12-month high of $46.17.

Johnson Controls International PLC (NYSE:JCI) last posted its quarterly earnings data on Thursday, November 9th. The auto parts company reported $0.87 earnings per share for the quarter, meeting the consensus estimate of $0.87. Johnson Controls International PLC had a return on equity of 11.91% and a net margin of 6.32%. The company had revenue of $8.14 billion during the quarter, compared to analysts’ expectations of $8.10 billion. During the same period in the prior year, the business earned $1.21 earnings per share. Johnson Controls International PLC’s revenue for the quarter was up 30.1% compared to the same quarter last year. equities analysts forecast that Johnson Controls International PLC will post 2.8 EPS for the current fiscal year.

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In other news, VP Jeffrey M. Williams sold 1,955 shares of the firm’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $41.43, for a total value of $80,995.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.48% of the company’s stock.

Several large investors have recently made changes to their positions in JCI. Dodge & Cox increased 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 valued at $2,508,431,000 after buying an additional 26,319,624 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Johnson Controls International PLC by 144.1% in the second quarter. The Manufacturers Life Insurance Company now owns 4,877,880 shares of the auto parts company’s stock valued at $211,505,000 after buying an additional 2,879,948 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Johnson Controls International PLC by 31.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 11,885,205 shares of the auto parts company’s stock valued at $478,855,000 after buying an additional 2,812,690 shares in the last quarter. Capital World Investors increased its stake in shares of Johnson Controls International PLC by 4.7% in the second quarter. Capital World Investors now owns 42,405,917 shares of the auto parts company’s stock valued at $1,838,721,000 after buying an additional 1,917,892 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Johnson Controls International PLC in the second quarter valued at $77,094,000. Institutional investors own 85.98% of the company’s stock.

Johnson Controls International PLC Company Profile

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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