Johnson Controls International PLC (NYSE:JCI)‘s stock had its “hold” rating reissued by equities research analysts at Royal Bank Of Canada in a note issued to investors on Friday. They presently have a $43.00 target price on the auto parts company’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 8.48% from the stock’s previous close.
JCI has been the topic of several other reports. BidaskClub upgraded Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Cowen and Company reiterated an “outperform” rating and issued a $52.00 target price on shares of Johnson Controls International PLC in a research note on Friday, May 19th. Gabelli upgraded Johnson Controls International PLC from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Friday. Atlantic Securities downgraded Johnson Controls International PLC from an “overweight” rating to a “neutral” rating in a research note on Friday. Finally, Zacks Investment Research upgraded Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $50.70.
Shares of Johnson Controls International PLC (JCI) opened at 39.64 on Friday. The stock’s market cap is $37.19 billion. The firm has a 50-day moving average price of $42.75 and a 200 day moving average price of $42.22. Johnson Controls International PLC has a 52-week low of $38.75 and a 52-week high of $50.65.
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 for the quarter, meeting 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 company had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $7.72 billion. During the same period last year, the business posted $1.07 EPS. The company’s revenue was up 48.8% on a year-over-year basis. Analysts expect that Johnson Controls International PLC will post $2.63 earnings per share for the current year.
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In related news, CEO Alex A. Molinaroli sold 6,335 shares of Johnson Controls International PLC stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $41.96, for a total transaction of $265,816.60. Following the completion of the transaction, the chief executive officer now directly owns 1,296,407 shares of the company’s stock, valued at $54,397,237.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.48% of the company’s stock.
A number of institutional investors have recently modified their holdings of JCI. CHICAGO TRUST Co NA boosted its position 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 worth $333,000 after buying an additional 36 shares during the period. First National Bank & Trust Co. of Newtown boosted its position in Johnson Controls International PLC by 0.4% in the first quarter. First National Bank & Trust Co. of Newtown now owns 11,025 shares of the auto parts company’s stock worth $464,000 after buying an additional 42 shares during the period. Beese Fulmer Investment Management Inc. boosted its position in Johnson Controls International PLC by 0.3% in the first quarter. Beese Fulmer Investment Management Inc. now owns 15,327 shares of the auto parts company’s stock worth $646,000 after buying an additional 42 shares during the period. Quadrant Capital Group LLC boosted its position 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 during the period. Finally, Banced Corp boosted its position in 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 worth $519,000 after buying an additional 84 shares during the period. 84.20% of the stock is owned by hedge funds and other 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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