Johnson Controls International (NYSE:JCI) Downgraded by Susquehanna Bancshares to Neutral

Johnson Controls International (NYSE:JCI) was downgraded by investment analysts at Susquehanna Bancshares from a “positive” rating to a “neutral” rating in a report released on Wednesday, November 15th, Marketbeat reports. They currently have a $49.00 price target on the auto parts company’s stock, up from their previous price target of $48.00. Susquehanna Bancshares’ target price points to a potential upside of 30.95% from the company’s current price.

A number of other research analysts have also commented on the company. Zacks Investment Research upgraded Johnson Controls International from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. Oppenheimer reiterated a “buy” rating and set a $50.00 price objective (down from $52.00) on shares of Johnson Controls International in a research note on Tuesday, October 31st. Vertical Research lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. TheStreet upgraded Johnson Controls International from a “c” rating to a “b” rating in a research note on Thursday, November 9th. Finally, Citigroup reiterated a “buy” rating and set a $50.00 price objective (up from $47.00) on shares of Johnson Controls International in a research note on Monday, October 9th. 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 stock. The company presently has a consensus rating of “Hold” and an average price target of $47.79.

Johnson Controls International (NYSE:JCI) opened at $37.42 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $34,833.37, a P/E ratio of 14.42, a PEG ratio of 1.01 and a beta of 0.90. Johnson Controls International has a 1-year low of $34.51 and a 1-year high of $45.91.

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

In related news, VP William C. Jackson bought 20,000 shares of Johnson Controls International stock in a transaction on Tuesday, November 21st. The shares were purchased at an average price of $36.00 per share, for a total transaction of $720,000.00. Following the completion of the acquisition, the vice president now owns 286,842 shares in the company, valued at $10,326,312. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO George Oliver bought 27,300 shares of Johnson Controls International 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 owns 634,732 shares of the company’s stock, valued at approximately $23,358,137.60. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its position in shares of Johnson Controls International by 5.5% during the second quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock worth $110,000 after purchasing an additional 133 shares during the period. Harfst & Associates Inc. raised its position in shares of Johnson Controls International by 16.9% during the second quarter. Harfst & Associates Inc. now owns 2,691 shares of the auto parts company’s stock worth $116,000 after purchasing an additional 389 shares during the period. Perigon Wealth Management LLC raised its position in shares of Johnson Controls International by 171.7% during the second quarter. Perigon Wealth Management LLC now owns 2,663 shares of the auto parts company’s stock worth $116,000 after purchasing an additional 1,683 shares during the period. Grove Bank & Trust raised its position in shares of Johnson Controls International by 57.7% during the second quarter. Grove Bank & Trust now owns 2,693 shares of the auto parts company’s stock worth $117,000 after purchasing an additional 985 shares during the period. Finally, Archford Capital Strategies LLC raised its position in shares of Johnson Controls International by 5,344.7% during the second quarter. Archford Capital Strategies LLC now owns 8,167 shares of the auto parts company’s stock worth $124,000 after purchasing an additional 8,017 shares during the period. 89.71% of the stock is currently owned by institutional investors.

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Johnson Controls International 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 (NYSE:JCI)

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