Johnson Controls International PLC (NYSE:JCI)‘s stock had its “outperform” rating reissued by investment analysts at Cowen and Company in a report issued on Monday. They presently have a $48.00 price target on the auto parts company’s stock. Cowen and Company’s price objective suggests a potential upside of 29.55% from the company’s current price.

A number of other research analysts also recently commented on the company. BidaskClub downgraded Johnson Controls International PLC from a “sell” rating to a “strong sell” rating in a research note on Friday. Morgan Stanley lowered their target price on Johnson Controls International PLC from $51.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday, August 7th. TheStreet upgraded Johnson Controls International PLC from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Royal Bank Of Canada restated a “hold” rating and issued a $43.00 target price (down previously from $48.00) on shares of Johnson Controls International PLC in a research note on Friday, July 28th. Finally, Gabelli upgraded Johnson Controls International PLC from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Johnson Controls International PLC has an average rating of “Buy” and an average target price of $50.20.

Shares of Johnson Controls International PLC (NYSE:JCI) traded up 2.94% on Monday, reaching $38.14. 9,634,634 shares of the company’s stock traded hands. The firm’s 50-day moving average is $41.30 and its 200-day moving average is $41.70. The stock’s market cap is $35.56 billion. Johnson Controls International PLC has a 52-week low of $36.74 and a 52-week high of $48.97.

Johnson Controls International PLC (NYSE:JCI) last issued its earnings results on Thursday, July 27th. The auto parts company reported $0.71 EPS for the quarter, meeting analysts’ consensus estimates of $0.71. Johnson Controls International PLC had a positive return on equity of 11.74% and a negative net margin of 0.43%. The firm had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $7.72 billion. During the same quarter in the previous year, the company posted $1.07 earnings per share. The business’s quarterly revenue was up 48.8% compared to the same quarter last year. Analysts anticipate that Johnson Controls International PLC will post $2.61 EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of the stock. FNY Managed Accounts LLC purchased a new position in Johnson Controls International PLC during the first quarter valued at approximately $100,000. Bessemer Group Inc. boosted its position in Johnson Controls International PLC by 5.5% in the second quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock valued at $110,000 after buying an additional 133 shares during the period. Harfst & Associates Inc. boosted its position in Johnson Controls International PLC by 16.9% in the second quarter. Harfst & Associates Inc. now owns 2,691 shares of the auto parts company’s stock valued at $116,000 after buying an additional 389 shares during the period. Grove Bank & Trust boosted its position in Johnson Controls International PLC by 57.7% in the second quarter. Grove Bank & Trust now owns 2,693 shares of the auto parts company’s stock valued at $117,000 after buying an additional 985 shares during the period. Finally, Archford Capital Strategies LLC boosted its position in Johnson Controls International PLC by 5,344.7% in the second quarter. Archford Capital Strategies LLC now owns 8,167 shares of the auto parts company’s stock valued at $124,000 after buying an additional 8,017 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

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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