Johnson Controls International (NYSE:JCI) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Johnson Controls International (NYSE:JCI – Get Rating) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating on the stock.

A number of other research firms have also issued reports on JCI. Bank of America lowered shares of Johnson Controls International from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $85.00 to $72.00 in a research note on Monday, December 12th. Wells Fargo & Company dropped their price objective on shares of Johnson Controls International from $74.00 to $69.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 1st. Citigroup lifted their price objective on shares of Johnson Controls International from $64.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, December 9th. Mizuho lifted their price target on shares of Johnson Controls International from $72.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, January 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Johnson Controls International from $70.00 to $74.00 in a research note on Monday, December 5th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Johnson Controls International presently has a consensus rating of “Moderate Buy” and an average price target of $70.43.

Johnson Controls International Trading Down 5.7 %

Shares of JCI stock opened at $58.99 on Thursday. The stock has a market cap of $40.54 billion, a price-to-earnings ratio of 32.06, a price-to-earnings-growth ratio of 1.28 and a beta of 1.23. The company has a quick ratio of 0.77, a current ratio of 1.02 and a debt-to-equity ratio of 0.45. Johnson Controls International has a fifty-two week low of $45.52 and a fifty-two week high of $69.60. The firm’s 50 day moving average price is $65.31 and its two-hundred day moving average price is $61.49.

Johnson Controls International (NYSE:JCI – Get Rating) last announced its quarterly earnings results on Wednesday, February 1st. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $6.25 billion. Johnson Controls International had a net margin of 4.98% and a return on equity of 12.51%. Johnson Controls International’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 earnings per share. On average, analysts anticipate that Johnson Controls International will post 3.48 EPS for the current year.

Insider Buying and Selling

In related news, VP Daniel C. Mcconeghy sold 3,068 shares of the company’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $64.43, for a total value of $197,671.24. Following the completion of the sale, the vice president now owns 5,054 shares of the company’s stock, valued at $325,629.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.71% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

Several hedge funds have recently modified their holdings of JCI. Canton Hathaway LLC purchased a new stake in shares of Johnson Controls International during the fourth quarter valued at $26,000. Massmutual Trust Co. FSB ADV lifted its stake in Johnson Controls International by 48.3% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 654 shares of the company’s stock worth $32,000 after acquiring an additional 213 shares in the last quarter. Elequin Securities LLC purchased a new stake in Johnson Controls International in the 4th quarter worth about $33,000. Rosenberg Matthew Hamilton purchased a new stake in Johnson Controls International in the 3rd quarter worth about $36,000. Finally, Salem Investment Counselors Inc. lifted its stake in Johnson Controls International by 152.4% in the 1st quarter. Salem Investment Counselors Inc. now owns 588 shares of the company’s stock worth $39,000 after acquiring an additional 355 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

About Johnson Controls International

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Johnson Controls International Plc engages in the provision of building products, energy solutions, integrated infrastructure and next generation transportation systems. Its technology and service capabilities include fire, security, HVAC, power solutions and energy storage to serve various end markets including large institutions, commercial buildings, retail, industrial, small business and residential.