Johnson Controls International (NYSE:JCI) Stock Rating Reaffirmed by Melius Research

Johnson Controls International (NYSE:JCIGet Free Report)‘s stock had its “hold” rating reaffirmed by investment analysts at Melius Research in a research report issued to clients and investors on Tuesday, Benzinga reports.

Several other equities research analysts have also commented on JCI. Citigroup upped their target price on Johnson Controls International from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Monday, December 11th. Vertical Research lowered Johnson Controls International from a “buy” rating to a “hold” rating and set a $55.00 price target on the stock. in a report on Wednesday, December 13th. TheStreet upgraded Johnson Controls International from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. UBS Group cut their price target on Johnson Controls International from $80.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, October 10th. Finally, Wells Fargo & Company raised their target price on Johnson Controls International from $62.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $62.64.

Read Our Latest Analysis on Johnson Controls International

Johnson Controls International Trading Down 3.3 %

Shares of JCI stock opened at $52.69 on Tuesday. The stock has a market cap of $35.86 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 1.37 and a beta of 1.24. The stock has a 50-day moving average of $55.21 and a 200-day moving average of $56.20. The company has a current ratio of 0.97, a quick ratio of 0.72 and a debt-to-equity ratio of 0.44. Johnson Controls International has a 1-year low of $47.90 and a 1-year high of $70.43.

Johnson Controls International (NYSE:JCIGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. Johnson Controls International had a return on equity of 13.85% and a net margin of 6.90%. The company had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.94 billion. During the same quarter in the prior year, the firm posted $0.67 earnings per share. The business’s quarterly revenue was up .4% on a year-over-year basis. On average, equities research analysts forecast that Johnson Controls International will post 3.66 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO George Oliver sold 103,332 shares of Johnson Controls International stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $52.30, for a total value of $5,404,263.60. Following the completion of the transaction, the chief executive officer now directly owns 980,403 shares in the company, valued at $51,275,076.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 103,892 shares of company stock valued at $5,435,042 over the last ninety days. 0.69% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Johnson Controls International

Hedge funds have recently made changes to their positions in the stock. Grandfield & Dodd LLC boosted its stake in Johnson Controls International by 1.2% during the fourth quarter. Grandfield & Dodd LLC now owns 602,551 shares of the company’s stock valued at $34,731,000 after buying an additional 6,921 shares during the period. DT Investment Partners LLC bought a new stake in Johnson Controls International during the fourth quarter valued at $41,000. Wetzel Investment Advisors Inc. bought a new stake in Johnson Controls International during the fourth quarter valued at $159,000. First National Bank & Trust Co. of Newtown bought a new stake in Johnson Controls International during the fourth quarter valued at $213,000. Finally, Xponance Inc. boosted its stake in Johnson Controls International by 1.4% during the fourth quarter. Xponance Inc. now owns 89,443 shares of the company’s stock valued at $5,155,000 after buying an additional 1,274 shares during the period. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Company Profile

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Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.

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Analyst Recommendations for Johnson Controls International (NYSE:JCI)

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