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.
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.
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