ValuEngine Downgrades Johnson Controls International (NYSE:JCI) to Hold

Johnson Controls International (NYSE:JCI) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.

A number of other research firms also recently weighed in on JCI. Barclays initiated coverage on Johnson Controls International in a research report on Wednesday, June 12th. They set an “equal weight” rating and a $39.00 target price for the company. Credit Suisse Group initiated coverage on Johnson Controls International in a research report on Monday, May 13th. They set a “neutral” rating and a $42.00 target price for the company. JPMorgan Chase & Co. upgraded Johnson Controls International from an “underweight” rating to a “neutral” rating and upped their target price for the company from $31.00 to $35.00 in a research report on Monday, July 8th. Zacks Investment Research upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Monday, July 1st. Finally, TheStreet upgraded Johnson Controls International from a “c+” rating to a “b-” rating in a research report on Thursday, May 9th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Johnson Controls International presently has an average rating of “Hold” and a consensus price target of $39.30.

Shares of NYSE:JCI traded down $0.08 during trading on Thursday, reaching $41.93. 4,376,104 shares of the company traded hands, compared to its average volume of 3,874,733. The business’s 50 day moving average price is $41.07. The company has a market capitalization of $38.11 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 2.28 and a beta of 0.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.41 and a quick ratio of 0.80. Johnson Controls International has a 52 week low of $28.30 and a 52 week high of $42.85.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, July 31st. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The firm had revenue of $6.45 billion during the quarter, compared to the consensus estimate of $6.33 billion. Johnson Controls International had a return on equity of 9.02% and a net margin of 22.38%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 EPS. As a group, sell-side analysts forecast that Johnson Controls International will post 1.93 EPS for the current fiscal year.

In related news, VP Robert M. Vanhimbergen sold 2,300 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $42.05, for a total transaction of $96,715.00. Following the completion of the sale, the vice president now directly owns 20,024 shares in the company, valued at approximately $842,009.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Robert M. Vanhimbergen sold 3,907 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $39.33, for a total value of $153,662.31. Following the sale, the vice president now owns 26,094 shares of the company’s stock, valued at $1,026,277.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 247,895 shares of company stock valued at $9,964,737. 0.50% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Oakworth Capital Inc. increased its holdings in Johnson Controls International by 21.2% in the 2nd quarter. Oakworth Capital Inc. now owns 1,721 shares of the company’s stock worth $71,000 after purchasing an additional 301 shares in the last quarter. Chicago Equity Partners LLC acquired a new position in Johnson Controls International in the 2nd quarter worth about $465,000. Institute for Wealth Management LLC. acquired a new position in Johnson Controls International in the 2nd quarter worth about $203,000. Everence Capital Management Inc. increased its holdings in Johnson Controls International by 21.6% in the 2nd quarter. Everence Capital Management Inc. now owns 47,242 shares of the company’s stock worth $1,952,000 after purchasing an additional 8,380 shares in the last quarter. Finally, Capital Wealth Planning LLC acquired a new position in Johnson Controls International in the 2nd quarter worth about $201,000. 90.81% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Johnson Controls International (NYSE:JCI)

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