Johnson Controls International PLC (JCI) Cut to “Neutral” at UBS AG

UBS AG downgraded shares of Johnson Controls International PLC (NYSE:JCI) from a positive rating to a neutral rating in a research note released on Wednesday morning, The Fly reports.

Several other brokerages have also recently commented on JCI. Morgan Stanley lowered 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 report on Monday, August 7th. BidaskClub cut shares of Johnson Controls International PLC from a sell rating to a strong sell rating in a report on Friday, August 18th. Zacks Investment Research raised shares of Johnson Controls International PLC from a sell rating to a hold rating in a report on Monday, September 11th. Oppenheimer Holdings, Inc. reaffirmed a buy rating and set a $50.00 target price (down from $52.00) on shares of Johnson Controls International PLC in a report on Tuesday, October 31st. Finally, Cowen and Company reaffirmed a buy rating and set a $48.00 target price on shares of Johnson Controls International PLC in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $47.79.

Johnson Controls International PLC (JCI) traded up $0.25 during trading on Wednesday, reaching $36.39. 5,009,461 shares of the company’s stock traded hands, compared to its average volume of 5,149,564. The company has a market cap of $33,160.00, a PE ratio of 13.75, a P/E/G ratio of 0.96 and a beta of 0.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.77 and a current ratio of 1.04. Johnson Controls International PLC has a 52-week low of $34.51 and a 52-week high of $46.17.

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

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In other Johnson Controls International PLC news, VP Jeffrey M. Williams sold 1,955 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The shares were 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 SEC, which is available at this link. Company insiders own 0.48% of the company’s stock.

Large investors have recently modified their holdings of the company. Honeywell International Inc. lifted its holdings in shares of Johnson Controls International PLC by 216.7% during the third quarter. Honeywell International Inc. now owns 950,200 shares of the auto parts company’s stock worth $38,284,000 after purchasing an additional 650,200 shares during the period. Federated Investors Inc. PA lifted its holdings in shares of Johnson Controls International PLC by 368.6% during the second quarter. Federated Investors Inc. PA now owns 73,435 shares of the auto parts company’s stock worth $3,184,000 after purchasing an additional 57,764 shares during the period. Nomura Holdings Inc. acquired a new position in shares of Johnson Controls International PLC during the second quarter worth $4,338,000. Oppenheimer & Co. Inc. lifted its holdings in shares of Johnson Controls International PLC by 13.4% during the second quarter. Oppenheimer & Co. Inc. now owns 194,832 shares of the auto parts company’s stock worth $8,449,000 after purchasing an additional 22,960 shares during the period. Finally, First National Trust Co. lifted its holdings in shares of Johnson Controls International PLC by 15.3% during the second quarter. First National Trust Co. now owns 26,265 shares of the auto parts company’s stock worth $1,139,000 after purchasing an additional 3,482 shares during the period. 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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