Johnson Controls International (NYSE:JCI - Get Free Report) was downgraded by investment analysts at UBS Group from a "buy" rating to a "neutral" rating in a report released on Monday, Marketbeat reports. They presently have a $68.00 target price on the stock, down from their previous target price of $74.00. UBS Group's price objective indicates a potential upside of 7.26% from the stock's previous close.
Several other research analysts also recently weighed in on the company. StockNews.com downgraded Johnson Controls International from a "buy" rating to a "hold" rating in a research note on Thursday, January 25th. Royal Bank of Canada reduced their target price on Johnson Controls International from $50.00 to $48.00 and set an "underperform" rating for the company in a research note on Wednesday, January 31st. Wells Fargo & Company upped their target price on Johnson Controls International from $64.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 2nd. Argus downgraded Johnson Controls International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 20th. Finally, Citigroup upped their target price on Johnson Controls International from $59.00 to $68.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $63.75.
Read Our Latest Analysis on Johnson Controls International
Johnson Controls International Stock Performance
Johnson Controls International stock traded up $1.02 during mid-day trading on Monday, hitting $63.40. The company had a trading volume of 7,291,802 shares, compared to its average volume of 5,704,384. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. Johnson Controls International has a 12-month low of $47.90 and a 12-month high of $70.43. The company's fifty day moving average is $63.41 and its 200-day moving average is $57.40. The company has a market capitalization of $42.71 billion, a price-to-earnings ratio of 25.67, a P/E/G ratio of 1.59 and a beta of 1.23.
Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.75 by $0.03. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. The business's quarterly revenue was down 6.1% compared to the same quarter last year. Equities research analysts predict that Johnson Controls International will post 3.61 EPS for the current year.
Institutional Investors Weigh In On Johnson Controls International
A number of hedge funds have recently modified their holdings of JCI. M. Kulyk & Associates LLC boosted its holdings in Johnson Controls International by 2.6% in the 3rd quarter. M. Kulyk & Associates LLC now owns 92,945 shares of the company's stock valued at $4,946,000 after purchasing an additional 2,336 shares during the last quarter. RPG Investment Advisory LLC lifted its stake in shares of Johnson Controls International by 19.3% in the 4th quarter. RPG Investment Advisory LLC now owns 196,559 shares of the company's stock valued at $11,330,000 after purchasing an additional 31,759 shares during the last quarter. Quantbot Technologies LP lifted its stake in shares of Johnson Controls International by 249.8% in the 3rd quarter. Quantbot Technologies LP now owns 23,934 shares of the company's stock valued at $1,274,000 after purchasing an additional 17,091 shares during the last quarter. ANTIPODES PARTNERS Ltd increased its position in shares of Johnson Controls International by 89.4% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 253,859 shares of the company's stock worth $14,632,000 after purchasing an additional 119,844 shares during the last quarter. Finally, Wealthspire Advisors LLC increased its position in shares of Johnson Controls International by 47.6% during the 3rd quarter. Wealthspire Advisors LLC now owns 4,595 shares of the company's stock worth $244,000 after purchasing an additional 1,481 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.
About Johnson Controls International
(
Get Free Report)
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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