Credit Suisse Group assumed coverage on shares of Johnson Controls International (NYSE:JCI) in a research report sent to investors on Monday, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $42.00 price target on the stock.
A number of other equities research analysts have also weighed in on JCI. Zacks Investment Research lowered Johnson Controls International from a hold rating to a sell rating in a research note on Tuesday, January 15th. OTR Global downgraded Johnson Controls International to a positive rating in a report on Friday, January 18th. ValuEngine upgraded Johnson Controls International from a sell rating to a hold rating in a report on Friday, February 8th. Cowen restated a hold rating and set a $32.00 price target (down previously from $38.00) on shares of Johnson Controls International in a report on Friday, February 15th. Finally, Wells Fargo & Co upgraded Johnson Controls International from a market perform rating to an outperform rating and set a $42.00 price target on the stock in a report on Monday, March 18th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Johnson Controls International currently has a consensus rating of Hold and a consensus target price of $39.45.
NYSE JCI opened at $39.25 on Monday. Johnson Controls International has a 1-year low of $28.30 and a 1-year high of $40.33. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.80. The stock has a market capitalization of $35.21 billion, a PE ratio of 13.87, a P/E/G ratio of 2.10 and a beta of 1.06.
Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, May 1st. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. Johnson Controls International had a return on equity of 9.85% and a net margin of 8.52%. The company had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.79 billion. During the same quarter in the previous year, the company posted $0.54 EPS. Johnson Controls International’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities research analysts forecast that Johnson Controls International will post 1.93 earnings per share for the current year.
Johnson Controls International declared that its Board of Directors has initiated a share repurchase plan on Thursday, March 7th that allows the company to buyback $8.50 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 26% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
In related news, VP Robert M. Vanhimbergen sold 3,907 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $39.33, for a total transaction of $153,662.31. Following the transaction, the vice president now owns 26,094 shares in the company, valued at approximately $1,026,277.02. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Rodney M. Rushing sold 29,728 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $39.03, for a total value of $1,160,283.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,384 shares of company stock worth $6,861,650. 0.50% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Horan Capital Advisors LLC. purchased a new position in shares of Johnson Controls International during the 1st quarter worth approximately $25,000. Creative Financial Designs Inc. ADV grew its holdings in shares of Johnson Controls International by 155.6% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 667 shares of the company’s stock worth $25,000 after acquiring an additional 406 shares during the period. Ellis Investment Partners LLC purchased a new position in shares of Johnson Controls International during the 1st quarter worth approximately $30,000. Paragon Capital Management LLC purchased a new position in shares of Johnson Controls International during the 1st quarter worth approximately $31,000. Finally, Financial Gravity Companies Inc. purchased a new position in shares of Johnson Controls International during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 91.94% 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. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.
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