Johnson Controls International plc Ordinary Share (JCI) Rating Lowered to Sell at Goldman Sachs Group

Johnson Controls International plc Ordinary Share (NYSE:JCI) was downgraded by Goldman Sachs Group from a “neutral” rating to a “sell” rating in a research note issued on Thursday.

A number of other brokerages have also recently issued reports on JCI. BidaskClub cut shares of Johnson Controls International plc Ordinary Share from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Zacks Investment Research raised shares of Johnson Controls International plc Ordinary Share from a “sell” rating to a “hold” rating in a report on Monday, September 11th. UBS lowered shares of Johnson Controls International plc Ordinary Share from a “positive” rating to a “neutral” rating in a research note on Wednesday, November 15th. Oppenheimer restated a “buy” rating and issued a $50.00 price target (down previously from $52.00) on shares of Johnson Controls International plc Ordinary Share in a research note on Tuesday, October 31st. Finally, Cowen restated a “buy” rating and issued a $48.00 price target on shares of Johnson Controls International plc Ordinary Share in a research note on Wednesday, September 27th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $47.79.

Shares of Johnson Controls International plc Ordinary Share (NYSE:JCI) traded up $0.12 during midday trading on Thursday, reaching $37.36. 5,506,456 shares of the company’s stock were exchanged, compared to its average volume of 5,186,424. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.56. Johnson Controls International plc Ordinary Share has a 1 year low of $34.51 and a 1 year high of $44.70. The company has a market capitalization of $34,361.40, a PE ratio of 14.23, a P/E/G ratio of 1.00 and a beta of 0.90.

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

In related news, VP William C. Jackson acquired 20,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were acquired at an average price of $36.00 per share, for a total transaction of $720,000.00. Following the completion of the purchase, the vice president now directly owns 286,842 shares of the company’s stock, valued at $10,326,312. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO George Oliver acquired 27,300 shares of the stock in a transaction that occurred 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 purchase, the chief executive officer now directly owns 634,732 shares of the company’s stock, valued at $23,358,137.60. The disclosure for this purchase can be found here. 0.48% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC grew its position in Johnson Controls International plc Ordinary Share by 5.9% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 45,423,316 shares of the auto parts company’s stock worth $1,830,106,000 after buying an additional 2,537,865 shares during the last quarter. Cambridge Financial Group Inc. grew its position in Johnson Controls International plc Ordinary Share by 1.4% in the third quarter. Cambridge Financial Group Inc. now owns 132,902 shares of the auto parts company’s stock worth $5,355,000 after buying an additional 1,795 shares during the last quarter. First Fiduciary Investment Counsel Inc. grew its position in Johnson Controls International plc Ordinary Share by 0.5% in the third quarter. First Fiduciary Investment Counsel Inc. now owns 331,605 shares of the auto parts company’s stock worth $13,360,000 after buying an additional 1,508 shares during the last quarter. Salem Investment Counselors Inc. grew its position in Johnson Controls International plc Ordinary Share by 26.1% in the third quarter. Salem Investment Counselors Inc. now owns 79,993 shares of the auto parts company’s stock worth $3,229,000 after buying an additional 16,566 shares during the last quarter. Finally, Gofen & Glossberg LLC IL grew its position in Johnson Controls International plc Ordinary Share by 32.6% in the third quarter. Gofen & Glossberg LLC IL now owns 227,397 shares of the auto parts company’s stock worth $9,162,000 after buying an additional 55,941 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

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Johnson Controls International plc Ordinary Share 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 plc Ordinary Share (NYSE:JCI)

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