Johnson Controls International plc Ordinary Share (JCI) Coverage Initiated at Barclays

Barclays began coverage on shares of Johnson Controls International plc Ordinary Share (NYSE:JCI) in a report issued on Thursday morning, MarketBeat Ratings reports. The brokerage issued an equal weight rating and a $41.00 price objective on the auto parts company’s stock.

Other equities analysts have also issued research reports about the company. TheStreet raised Johnson Controls International plc Ordinary Share from a c rating to a b rating in a research note on Thursday, November 9th. Oppenheimer reaffirmed a buy rating and issued a $45.00 price target (down previously from $50.00) on shares of Johnson Controls International plc Ordinary Share in a research note on Friday, November 10th. Cowen reaffirmed a buy rating and issued a $48.00 price target on shares of Johnson Controls International plc Ordinary Share in a research note on Thursday, November 9th. JMP Securities set a $50.00 price target on Johnson Controls International plc Ordinary Share and gave the company a buy rating in a research note on Monday, October 23rd. Finally, UBS Group started coverage on Johnson Controls International plc Ordinary Share in a research note on Monday, January 22nd. They issued a buy rating on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $46.08.

Johnson Controls International plc Ordinary Share (JCI) opened at $38.42 on Thursday. Johnson Controls International plc Ordinary Share has a 12 month low of $34.51 and a 12 month high of $44.37. The company has a market capitalization of $35,580.00, a price-to-earnings ratio of 24.47, a PEG ratio of 1.27 and a beta of 0.81. The company has a quick ratio of 0.80, a current ratio of 1.11 and a debt-to-equity ratio of 0.51.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last announced its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.03. Johnson Controls International plc Ordinary Share had a return on equity of 11.73% and a net margin of 5.92%. The business had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same quarter in the prior year, the company posted $0.53 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. sell-side analysts expect that Johnson Controls International plc Ordinary Share will post 2.79 earnings per share for the current year.

Johnson Controls International plc Ordinary Share announced that its board has initiated a stock buyback plan on Thursday, December 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the auto parts company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

In related news, CEO George Oliver purchased 27,300 shares of the business’s stock in a transaction on Friday, November 24th. The shares were bought at an average price of $36.80 per share, for a total transaction of $1,004,640.00. Following the acquisition, the chief executive officer now directly owns 634,732 shares in the company, valued at $23,358,137.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jeffrey M. Williams sold 27,734 shares of the company’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $40.00, for a total value of $1,109,360.00. Following the sale, the vice president now owns 201,961 shares in the company, valued at approximately $8,078,440. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. We Are One Seven LLC purchased a new stake in Johnson Controls International plc Ordinary Share during the 4th quarter worth about $463,000. HM Payson & Co. purchased a new stake in Johnson Controls International plc Ordinary Share during the 4th quarter worth about $3,937,000. Cullen Capital Management LLC increased its holdings in Johnson Controls International plc Ordinary Share by 0.4% during the 4th quarter. Cullen Capital Management LLC now owns 681,380 shares of the auto parts company’s stock worth $25,967,000 after purchasing an additional 2,480 shares during the period. Rodgers Brothers Inc. purchased a new stake in Johnson Controls International plc Ordinary Share during the 4th quarter worth about $332,000. Finally, GCA Investment Management LLC increased its holdings in Johnson Controls International plc Ordinary Share by 4.7% during the 4th quarter. GCA Investment Management LLC now owns 727,967 shares of the auto parts company’s stock worth $27,743,000 after purchasing an additional 33,000 shares during the period. Institutional investors own 89.19% of the company’s stock.

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Johnson Controls International plc Ordinary Share 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 Ordinary Share (NYSE:JCI)

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