Johnson Controls International (JCI) Rating Lowered to Neutral at Susquehanna Bancshares

Johnson Controls International (NYSE:JCI) was downgraded by equities researchers at Susquehanna Bancshares from a “positive” rating to a “neutral” rating in a research note issued to investors on Wednesday, November 15th, Marketbeat reports. They currently have a $49.00 target price on the auto parts company’s stock, up from their previous target price of $48.00. Susquehanna Bancshares’ price target would suggest a potential upside of 30.95% from the company’s current price.

JCI has been the topic of a number of other reports. Citigroup restated a “buy” rating and issued a $50.00 target price (up from $47.00) on shares of Johnson Controls International in a report on Monday, October 9th. Cowen reiterated an “outperform” rating and set a $48.00 price objective on shares of Johnson Controls International in a report on Monday, August 21st. Zacks Investment Research upgraded shares of Johnson Controls International from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. Robert W. Baird dropped their target price on shares of Johnson Controls International from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Friday, November 10th. Finally, Oppenheimer reissued a “buy” rating and set a $45.00 target price (down previously from $50.00) on shares of Johnson Controls International in a research report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $47.79.

Johnson Controls International (NYSE JCI) opened at $37.42 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.04 and a quick ratio of 0.77. Johnson Controls International has a 12 month low of $34.51 and a 12 month high of $45.91. The stock has a market cap of $34,630.00, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 1.01 and a beta of 0.90.

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

In other news, VP Jeffrey M. Williams sold 1,955 shares of Johnson Controls International stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO George Oliver purchased 27,300 shares of Johnson Controls International stock in a transaction dated Friday, November 24th. The shares were purchased at an average price of $36.80 per share, with a total value of $1,004,640.00. Following the completion of the acquisition, the chief executive officer now owns 634,732 shares in the company, valued at $23,358,137.60. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.

Several institutional investors have recently made changes to their positions in JCI. Reinhart Partners Inc. acquired a new stake in Johnson Controls International in the 2nd quarter worth approximately $442,000. Nisa Investment Advisors LLC lifted its holdings in Johnson Controls International by 0.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 152,262 shares of the auto parts company’s stock worth $6,564,000 after purchasing an additional 503 shares during the last quarter. Aperio Group LLC lifted its holdings in Johnson Controls International by 24.9% in the 2nd quarter. Aperio Group LLC now owns 271,123 shares of the auto parts company’s stock worth $11,756,000 after purchasing an additional 54,115 shares during the last quarter. First National Bank of Omaha lifted its holdings in Johnson Controls International by 29.2% in the 2nd quarter. First National Bank of Omaha now owns 108,213 shares of the auto parts company’s stock worth $4,692,000 after purchasing an additional 24,442 shares during the last quarter. Finally, Prospera Financial Services Inc acquired a new stake in Johnson Controls International in the 2nd quarter worth approximately $413,000. Institutional investors and hedge funds own 89.71% of the company’s stock.

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About Johnson Controls International

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 (NYSE:JCI)

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