UBS AG cut shares of Johnson Controls International PLC (NYSE:JCI) from a positive rating to a neutral rating in a report released on Wednesday morning.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Johnson Controls International PLC from a hold rating to a sell rating in a research note on Tuesday. Citigroup Inc. reiterated a buy rating and set a $50.00 price objective (up from $47.00) on shares of Johnson Controls International PLC in a research note on Monday, October 9th. Robert W. Baird reiterated a buy rating and set a $50.00 price objective on shares of Johnson Controls International PLC in a research note on Monday, August 28th. Oppenheimer Holdings, Inc. reiterated a buy rating and set a $45.00 price objective (down from $50.00) on shares of Johnson Controls International PLC in a research note on Friday, November 10th. Finally, Cowen and Company reiterated a buy rating and set a $48.00 price objective on shares of Johnson Controls International PLC in a research note on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. Johnson Controls International PLC currently has an average rating of Hold and a consensus target price of $47.79.

Johnson Controls International PLC (JCI) traded up $0.41 during trading hours on Wednesday, hitting $36.14. 5,511,031 shares of the company’s stock traded hands, compared to its average volume of 5,149,896. Johnson Controls International PLC has a 12-month low of $34.51 and a 12-month high of $46.17. The firm has a market capitalization of $33,160.00, a P/E ratio of 13.75, a P/E/G ratio of 0.96 and a beta of 0.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.77 and a current ratio of 1.04.

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

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In other Johnson Controls International PLC news, VP Jeffrey M. Williams sold 1,955 shares of the firm’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $41.43, for a total transaction of $80,995.65. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.48% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Interstate Bank raised its stake in shares of Johnson Controls International PLC by 0.9% during the 2nd quarter. First Interstate Bank now owns 7,069 shares of the auto parts company’s stock worth $307,000 after purchasing an additional 62 shares during the period. Stanley Laman Group Ltd. raised its stake in Johnson Controls International PLC by 0.6% in the 2nd quarter. Stanley Laman Group Ltd. now owns 11,410 shares of the auto parts company’s stock valued at $495,000 after acquiring an additional 63 shares during the period. River Wealth Advisors LLC raised its stake in Johnson Controls International PLC by 1.1% in the 2nd quarter. River Wealth Advisors LLC now owns 11,070 shares of the auto parts company’s stock valued at $480,000 after acquiring an additional 117 shares during the period. Bessemer Group Inc. raised its stake in Johnson Controls International PLC by 5.5% in the 2nd quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock valued at $110,000 after acquiring an additional 133 shares during the period. Finally, Bbva Compass Bancshares Inc. raised its stake in Johnson Controls International PLC by 4.2% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 3,714 shares of the auto parts company’s stock valued at $161,000 after acquiring an additional 150 shares during the period. Institutional investors own 85.98% of the company’s stock.

Johnson Controls International PLC 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 (NYSE:JCI)

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