Zacks Investment Research upgraded shares of Johnson Controls International PLC (NYSE:JCI) from a sell rating to a hold rating in a report released on Monday, September 11th.
According to Zacks, “Johnson Controls is investing in the Chinese market as it anticipates significant growth opportunities therein. This will lead to top and bottom line improvement. For fiscal 2017, the company expects to generate strong earnings based on integration and productivity savings. Also, the company actively undertakes acquisitions and mergers in order to provide its customers with world-class technologies through strong complementary brands and channels. However, the company underperformed the industry it belongs to in the last six months. The company has been divesting several businesses, which are resulting in a decline of its revenues and profits due to high separation costs. Also, spinning-out of its automotive seating and interiors business and foreign currency headwinds are affecting the financial results of the company.”
A number of other equities research analysts also recently weighed in on the stock. Morgan Stanley reissued an overweight rating and issued a $51.00 price target (up from $50.00) on shares of Johnson Controls International PLC in a report on Monday, July 10th. JMP Securities initiated coverage on shares of Johnson Controls International PLC in a research note on Monday, June 19th. They set an outperform rating and a $54.00 price objective for the company. ValuEngine lowered shares of Johnson Controls International PLC from a buy rating to a hold rating in a research note on Friday, June 2nd. Robert W. Baird reaffirmed a buy rating and set a $50.00 price objective on shares of Johnson Controls International PLC in a research note on Monday, August 28th. Finally, Cowen and Company reaffirmed an outperform rating and set a $52.00 price objective on shares of Johnson Controls International PLC in a research note on Friday, May 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $49.13.
Shares of Johnson Controls International PLC (NYSE JCI) opened at 39.98 on Monday. The stock has a 50 day moving average of $39.03 and a 200 day moving average of $41.28. Johnson Controls International PLC has a 1-year low of $36.74 and a 1-year high of $46.86. The firm’s market cap is $37.28 billion.
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, meeting the Zacks’ consensus estimate of $0.71. The firm had revenue of $7.67 billion during the quarter, compared to analyst estimates 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%. Johnson Controls International PLC’s revenue was up 48.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 EPS. Equities research analysts anticipate that Johnson Controls International PLC will post $2.61 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This article was posted by BBNS and is the property of of BBNS. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://baseballnewssource.com/markets/johnson-controls-international-plc-jci-upgraded-to-hold-by-zacks-investment-research/1633565.html.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, September 25th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, September 22nd. This represents a $1.00 annualized dividend and a dividend yield of 2.52%. Johnson Controls International PLC’s payout ratio is currently -196.08%.
Several large investors have recently added to or reduced their stakes in JCI. CHICAGO TRUST Co NA lifted its stake in Johnson Controls International PLC by 0.5% in the 2nd quarter. CHICAGO TRUST Co NA now owns 7,679 shares of the auto parts company’s stock valued at $333,000 after acquiring an additional 36 shares in the last quarter. First Interstate Bank lifted its stake in Johnson Controls International PLC by 0.9% in the 2nd quarter. First Interstate Bank now owns 7,069 shares of the auto parts company’s stock valued at $307,000 after acquiring an additional 62 shares in the last quarter. Stanley Laman Group Ltd. lifted its stake in Johnson Controls International PLC by 0.6% in the 2nd quarter. Stanley Laman Group Ltd. now owns 11,410 shares of the auto parts company’s stock valued at $495,000 after acquiring an additional 63 shares in the last quarter. Banced Corp lifted its stake in Johnson Controls International PLC by 0.7% in the 2nd quarter. Banced Corp now owns 11,954 shares of the auto parts company’s stock valued at $519,000 after acquiring an additional 84 shares in the last quarter. Finally, River Wealth Advisors LLC lifted its stake in Johnson Controls International PLC by 1.1% in the 2nd quarter. River Wealth Advisors LLC now owns 11,070 shares of the auto parts company’s stock valued at $480,000 after acquiring an additional 117 shares in the last quarter. Institutional investors and hedge funds own 86.08% 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Johnson Controls International PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Controls International PLC and related companies with our FREE daily email newsletter.