Cowen reiterated their hold rating on shares of Johnson Controls International (NYSE:JCI) in a research note released on Friday. Cowen currently has a $32.00 price target on the stock.
Other analysts have also issued reports about the stock. Citigroup reduced their price target on shares of Johnson Controls International from $46.00 to $43.00 and set a buy rating for the company in a research note on Friday, November 16th. TheStreet lowered shares of Johnson Controls International from a b- rating to a c+ rating in a research report on Tuesday, October 30th. ValuEngine upgraded shares of Johnson Controls International from a sell rating to a hold rating in a research report on Friday, February 8th. Zacks Investment Research restated a hold rating on shares of Johnson Controls International in a research report on Tuesday, November 13th. Finally, Morgan Stanley set a $35.00 target price on shares of Johnson Controls International and gave the company a hold rating in a research report on Friday, November 2nd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $38.17.
Get Johnson Controls International alerts:Shares of NYSE JCI opened at $35.10 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 0.85. The stock has a market cap of $31.63 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 1.75 and a beta of 1.05. Johnson Controls International has a 1 year low of $28.30 and a 1 year high of $40.33.
Johnson Controls International (NYSE:JCI) last issued its earnings results on Friday, February 1st. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. Johnson Controls International had a net margin of 7.77% and a return on equity of 10.73%. The business had revenue of $5.46 billion during the quarter, compared to analysts’ expectations of $5.47 billion. During the same period in the previous year, the company earned $0.54 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, research analysts forecast that Johnson Controls International will post 1.81 earnings per share for the current fiscal year.
Johnson Controls International declared that its board has authorized a share buyback program on Thursday, November 8th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 3.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.
Several institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC lifted its holdings in shares of Johnson Controls International by 948.2% in the fourth quarter. Millennium Management LLC now owns 1,725,672 shares of the company’s stock worth $51,166,000 after buying an additional 1,561,043 shares in the last quarter. River & Mercantile Asset Management LLP lifted its holdings in shares of Johnson Controls International by 39.0% in the fourth quarter. River & Mercantile Asset Management LLP now owns 323,827 shares of the company’s stock worth $9,603,000 after buying an additional 90,846 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Johnson Controls International by 2.6% in the fourth quarter. Macquarie Group Ltd. now owns 483,291 shares of the company’s stock worth $14,332,000 after buying an additional 12,039 shares in the last quarter. Hancock Whitney Corp lifted its holdings in shares of Johnson Controls International by 33.6% in the fourth quarter. Hancock Whitney Corp now owns 17,098 shares of the company’s stock worth $507,000 after buying an additional 4,301 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Johnson Controls International by 6.0% in the fourth quarter. Legal & General Group Plc now owns 4,530,888 shares of the company’s stock worth $134,339,000 after buying an additional 257,157 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.
About Johnson Controls International
Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.
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