Johnson Controls International PLC (JCI) Earns Overweight Rating from Morgan Stanley

Johnson Controls International PLC (NYSE:JCI)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Morgan Stanley in a report issued on Monday, July 10th. They currently have a $51.00 target price on the auto parts company’s stock, up from their previous target price of $50.00. Morgan Stanley’s target price indicates a potential upside of 30.20% from the stock’s current price.

JCI has been the subject of a number of other reports. BidaskClub upgraded shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Cowen and Company reissued an “outperform” rating and set a $52.00 price target on shares of Johnson Controls International PLC in a research report on Friday, May 19th. Goldman Sachs Group, Inc. (The) lowered shares of Johnson Controls International PLC from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $48.00 to $44.00 in a research report on Monday, March 13th. Zacks Investment Research raised shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. Finally, JMP Securities initiated coverage on shares of Johnson Controls International PLC in a report on Monday, June 19th. They set an “outperform” rating and a $54.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $50.70.

Shares of Johnson Controls International PLC (NYSE:JCI) traded down 0.73% during mid-day trading on Monday, hitting $39.17. 6,439,660 shares of the company traded hands. Johnson Controls International PLC has a 1-year low of $38.54 and a 1-year high of $48.97. The firm’s 50 day moving average price is $42.58 and its 200-day moving average price is $42.12. The stock’s market capitalization is $36.52 billion.

Johnson Controls International PLC (NYSE:JCI) last released its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.71 earnings per share for the quarter, meeting 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 business had revenue of $7.67 billion for the quarter, compared to analysts’ expectations of $7.72 billion. During the same period last year, the business earned $1.07 EPS. The company’s revenue was up 48.8% compared to the same quarter last year. On average, equities research analysts forecast that Johnson Controls International PLC will post $2.61 EPS for the current year.

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In other Johnson Controls International PLC news, CEO Alex A. Molinaroli sold 6,335 shares of Johnson Controls International PLC stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $41.96, for a total transaction of $265,816.60. Following the sale, the chief executive officer now owns 1,296,407 shares of the company’s stock, valued at approximately $54,397,237.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.48% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Investors Inc. PA boosted its position in shares of Johnson Controls International PLC by 368.6% in the second quarter. Federated Investors Inc. PA now owns 73,435 shares of the auto parts company’s stock valued at $3,184,000 after buying an additional 57,764 shares during the last quarter. Tocqueville Asset Management L.P. boosted its position in shares of Johnson Controls International PLC by 5.4% in the second quarter. Tocqueville Asset Management L.P. now owns 840,520 shares of the auto parts company’s stock valued at $36,445,000 after buying an additional 42,715 shares during the last quarter. Pax World Management LLC boosted its position in shares of Johnson Controls International PLC by 17.1% in the second quarter. Pax World Management LLC now owns 87,836 shares of the auto parts company’s stock valued at $3,809,000 after buying an additional 12,836 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Johnson Controls International PLC by 1.0% in the second quarter. State Board of Administration of Florida Retirement System now owns 1,316,700 shares of the auto parts company’s stock valued at $57,092,000 after buying an additional 13,270 shares during the last quarter. Finally, GCA Investment Management LLC boosted its position in shares of Johnson Controls International PLC by 20.0% in the second quarter. GCA Investment Management LLC now owns 598,967 shares of the auto parts company’s stock valued at $25,971,000 after buying an additional 100,000 shares during the last quarter. 84.23% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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