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

Barclays initiated coverage on shares of Johnson Controls International plc Ordinary Share (NYSE:JCI) in a research note published on Thursday, Marketbeat.com reports. The firm issued an equal weight rating and a $41.00 price objective on the auto parts company’s stock.

A number of other research analysts have also weighed in on JCI. JMP Securities set a $50.00 price objective on shares of Johnson Controls International plc Ordinary Share and gave the company a buy rating in a research note on Monday, October 23rd. Oppenheimer restated a buy rating and set a $50.00 price target (down from $52.00) on shares of Johnson Controls International plc Ordinary Share in a research report on Tuesday, October 31st. Cowen restated a buy rating and set a $48.00 price target on shares of Johnson Controls International plc Ordinary Share in a research report on Thursday, November 9th. Vertical Research lowered shares of Johnson Controls International plc Ordinary Share from a buy rating to a hold rating in a research report on Friday, November 10th. Finally, Vertical Group restated a hold rating on shares of Johnson Controls International plc Ordinary Share in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $46.08.

Johnson Controls International plc Ordinary Share (NYSE JCI) opened at $38.42 on Thursday. Johnson Controls International plc Ordinary Share has a one year low of $34.51 and a one year high of $44.37. The firm has a market cap of $35,581.64, a P/E ratio of 19.91, a P/E/G 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 released its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Johnson Controls International plc Ordinary Share had a net margin of 5.92% and a return on equity of 11.73%. The business had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.19 billion. During the same period in the previous year, the business earned $0.53 EPS. Johnson Controls International plc Ordinary Share’s revenue was up 4.8% compared to the same quarter last year. equities analysts predict that Johnson Controls International plc Ordinary Share will post 2.79 earnings per share for the current fiscal year.

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

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Honeywell International Inc. lifted its holdings in shares of Johnson Controls International plc Ordinary Share by 216.7% during the 3rd quarter. Honeywell International Inc. now owns 950,200 shares of the auto parts company’s stock worth $38,284,000 after acquiring an additional 650,200 shares during the last quarter. Trustco Bank Corp N Y bought a new stake in shares of Johnson Controls International plc Ordinary Share during the 3rd quarter worth $452,000. Moors & Cabot Inc. lifted its holdings in shares of Johnson Controls International plc Ordinary Share by 83.7% during the 3rd quarter. Moors & Cabot Inc. now owns 44,482 shares of the auto parts company’s stock worth $1,787,000 after acquiring an additional 20,262 shares during the last quarter. Gofen & Glossberg LLC IL lifted its holdings in shares of Johnson Controls International plc Ordinary Share by 1.6% during the 4th quarter. Gofen & Glossberg LLC IL now owns 230,955 shares of the auto parts company’s stock worth $8,802,000 after acquiring an additional 3,558 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Johnson Controls International plc Ordinary Share by 19.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 637,917 shares of the auto parts company’s stock worth $25,701,000 after acquiring an additional 102,274 shares during the last quarter. 89.19% of the stock is owned by institutional investors.

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About Johnson Controls International plc Ordinary Share

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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