Johnson Controls International (JCI) Given “Hold” Rating at Robert W. Baird

Johnson Controls International (NYSE:JCI)‘s stock had its “hold” rating reissued by analysts at Robert W. Baird in a research report issued on Thursday. They currently have a $38.00 target price on the auto parts company’s stock. Robert W. Baird’s price objective suggests a potential upside of 11.60% from the company’s current price.

A number of other brokerages also recently weighed in on JCI. UBS started coverage on shares of Johnson Controls International in a report on Monday, January 22nd. They issued a “buy” rating on the stock. Oppenheimer reaffirmed a “buy” rating and set a $45.00 price objective on shares of Johnson Controls International in a report on Thursday, February 1st. Royal Bank of Canada downgraded shares of Johnson Controls International from a “sector perform” rating to an “underperform” rating in a report on Thursday, April 5th. Cowen reaffirmed a “hold” rating and set a $36.00 price objective on shares of Johnson Controls International in a report on Monday. Finally, Barclays initiated coverage on shares of Johnson Controls International in a report on Thursday, February 15th. They set an “equal weight” rating and a $41.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $44.42.

Shares of NYSE:JCI traded down $0.39 during midday trading on Thursday, reaching $34.05. The company had a trading volume of 723,257 shares, compared to its average volume of 5,791,895. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.80 and a current ratio of 1.11. The company has a market capitalization of $31,756.76, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 1.14 and a beta of 0.86. Johnson Controls International has a 52-week low of $33.23 and a 52-week high of $44.37.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. The company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.19 billion. Johnson Controls International had a net margin of 5.92% and a return on equity of 11.73%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. research analysts predict that Johnson Controls International will post 2.78 earnings per share for the current year.

In other news, insider Rodney M. Rushing sold 14,199 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $37.88, for a total transaction of $537,858.12. Following the sale, the insider now directly owns 39,847 shares in the company, valued at $1,509,404.36. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.43% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Calton & Associates Inc. bought a new position in shares of Johnson Controls International in the fourth quarter worth approximately $155,000. Field & Main Bank bought a new position in shares of Johnson Controls International in the fourth quarter worth approximately $172,000. Icon Wealth Partners LLC bought a new position in shares of Johnson Controls International in the fourth quarter worth approximately $246,000. Pinebridge Investments L.P. bought a new position in shares of Johnson Controls International in the fourth quarter worth approximately $259,000. Finally, Starfire Investment Advisers Inc. bought a new position in shares of Johnson Controls International in the fourth quarter worth approximately $274,000. Hedge funds and other institutional investors own 91.06% of the company’s stock.

Johnson Controls International Company Profile

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.

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