Johnson Controls International plc Ordinary Share (JCI) Coverage Initiated at Barclays

Equities researchers at Barclays initiated coverage on shares of Johnson Controls International plc Ordinary Share (NYSE:JCI) in a note issued to investors on Thursday, The Fly reports. The brokerage set an “equal weight” rating on the auto parts company’s stock.

Other analysts also recently issued research reports about the company. TheStreet upgraded Johnson Controls International plc Ordinary Share from a “c” rating to a “b” rating in a research report on Thursday, November 9th. Oppenheimer reiterated a “buy” rating and set a $45.00 price target (down previously from $50.00) on shares of Johnson Controls International plc Ordinary Share in a research report on Friday, November 10th. Cowen reiterated a “buy” rating and set a $48.00 price target on shares of Johnson Controls International plc Ordinary Share in a research report on Thursday, November 9th. JMP Securities set a $50.00 target price on Johnson Controls International plc Ordinary Share and gave the stock a “buy” rating in a research report on Monday, October 23rd. Finally, UBS Group assumed coverage on Johnson Controls International plc Ordinary Share in a research report on Monday, January 22nd. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $46.50.

Johnson Controls International plc Ordinary Share (NYSE JCI) opened at $37.51 on Thursday. The company has a current ratio of 1.11, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $34,627.74, a PE ratio of 19.44, a price-to-earnings-growth ratio of 1.24 and a beta of 0.81. Johnson Controls International plc Ordinary Share has a twelve month low of $34.51 and a twelve month high of $44.37.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last posted its earnings results on Wednesday, January 31st. The auto parts company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.19 billion. Johnson Controls International plc Ordinary Share had a return on equity of 11.73% and a net margin of 5.92%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. equities research analysts expect that Johnson Controls International plc Ordinary Share will post 2.79 earnings per share for the current fiscal year.

Johnson Controls International plc Ordinary Share announced that its Board of Directors has authorized a stock buyback plan on Thursday, December 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the auto parts company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

In related news, CEO George Oliver acquired 27,300 shares of the stock in a transaction on Friday, November 24th. The stock was purchased at an average price of $36.80 per share, for a total transaction of $1,004,640.00. Following the completion of the transaction, the chief executive officer now owns 634,732 shares of the company’s stock, valued at approximately $23,358,137.60. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Juergen Tinggren acquired 12,000 shares of the stock in a transaction on Friday, November 17th. The stock was bought at an average price of $36.41 per share, with a total value of $436,920.00. Following the transaction, the director now directly owns 21,625 shares of the company’s stock, valued at approximately $787,366.25. The disclosure for this purchase can be found here. Insiders acquired 59,300 shares of company stock valued at $2,161,560 in the last quarter. Corporate insiders own 0.43% of the company’s stock.

A number of hedge funds have recently made changes to their positions in JCI. AHL Partners LLP purchased a new position in shares of Johnson Controls International plc Ordinary Share during the second quarter valued at approximately $224,000. Bank of Nova Scotia increased its stake in shares of Johnson Controls International plc Ordinary Share by 4.5% during the second quarter. Bank of Nova Scotia now owns 22,786 shares of the auto parts company’s stock valued at $988,000 after buying an additional 980 shares during the period. 1st Global Advisors Inc. purchased a new position in shares of Johnson Controls International plc Ordinary Share during the second quarter valued at approximately $202,000. WINTON GROUP Ltd purchased a new position in shares of Johnson Controls International plc Ordinary Share during the second quarter valued at approximately $500,000. Finally, Cetera Investment Advisers purchased a new position in shares of Johnson Controls International plc Ordinary Share during the second quarter valued at approximately $209,000. Hedge funds and other institutional investors own 89.19% of the company’s stock.

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About Johnson Controls International plc Ordinary Share

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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