Johnson Controls International PLC (JCI) Rating Lowered to Sell at Zacks Investment Research

Johnson Controls International PLC (NYSE:JCI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

According to Zacks, “Johnson Controls’ adjusted earnings and revenues came in line with the Zacks Consensus Estimate in the fourth-quarter of fiscal 2017. The frequent business divestitures are adversely impacting its revenues and profits. The company has agreed to pay $14.4 million to settle U.S. regulatory charges for its violation of the Foreign Corrupt Practices Act, which will add to its expenses. Also, negative foreign currency translations and volatile commodity prices are few other headwinds the company is facing. Moreover, in the last six months, Johnson Controls’ shares have underperformed in the industry it belongs to.”

Other equities research analysts have also issued reports about the stock. TheStreet upgraded shares of Johnson Controls International PLC from a “c” rating to a “b” rating in a report on Thursday, July 27th. JMP Securities set a $50.00 price objective on shares of Johnson Controls International PLC and gave the company a “buy” rating in a report on Monday, October 23rd. Citigroup Inc. restated a “buy” rating and issued a $50.00 price objective (up from $47.00) on shares of Johnson Controls International PLC in a report on Monday, October 9th. Cowen and Company restated a “buy” rating and issued a $48.00 price objective on shares of Johnson Controls International PLC in a report on Wednesday, September 27th. Finally, Robert W. Baird restated a “buy” rating and issued a $50.00 price objective on shares of Johnson Controls International PLC in a report on Monday, August 28th. 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 company. The stock has an average rating of “Hold” and an average target price of $47.79.

Johnson Controls International PLC (NYSE:JCI) traded up $0.20 during trading on Tuesday, reaching $35.93. 2,680,635 shares of the company’s stock were exchanged, compared to its average volume of 5,148,262. The firm has a market cap of $33,160.00, a price-to-earnings ratio of 13.75, a PEG ratio of 0.96 and a beta of 0.94. Johnson Controls International PLC has a 12 month low of $34.51 and a 12 month high of $46.17. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.77 and a current ratio of 1.04.

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

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In other Johnson Controls International PLC news, VP Jeffrey M. Williams sold 1,955 shares of the firm’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $41.43, for a total transaction of $80,995.65. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.48% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in JCI. Capital One National Association acquired a new stake in shares of Johnson Controls International PLC in the 2nd quarter worth $245,000. Reinhart Partners Inc. acquired a new stake in shares of Johnson Controls International PLC in the 2nd quarter worth $442,000. LS Investment Advisors LLC lifted its stake in shares of Johnson Controls International PLC by 2.0% in the 2nd quarter. LS Investment Advisors LLC now owns 233,177 shares of the auto parts company’s stock worth $10,111,000 after acquiring an additional 4,613 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Johnson Controls International PLC 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 acquiring an additional 503 shares during the period. Finally, Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Johnson Controls International PLC in the 2nd quarter worth $202,000. Institutional investors own 85.98% of the company’s stock.

About Johnson Controls International PLC

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 PLC (NYSE:JCI)

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