Cowen and Company reaffirmed their buy rating on shares of Johnson Controls International PLC (NYSE:JCI) in a research report sent to investors on Thursday morning. The firm currently has a $48.00 target price on the auto parts company’s stock.

“Q4’s FCF beat and incentive changes are a plus, but initial F18 EPS & actual (not adjusted) FCF guidance are a bit underwhelming.”,” Cowen and Company’s analyst commented.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Johnson Controls International PLC from a sell rating to a hold rating in a report on Tuesday, September 5th. Morgan Stanley set a $48.00 price target on shares of Johnson Controls International PLC and gave the stock an overweight rating in a report on Monday, October 2nd. TheStreet raised shares of Johnson Controls International PLC from a c rating to a b rating in a report on Thursday, July 27th. BidaskClub cut shares of Johnson Controls International PLC from a sell rating to a strong sell rating in a report on Friday, August 18th. Finally, Oppenheimer Holdings, Inc. reaffirmed a buy rating and issued a $50.00 price target (down previously from $52.00) on shares of Johnson Controls International PLC in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $47.79.

Johnson Controls International PLC (JCI) traded down $1.58 during trading hours on Thursday, hitting $36.93. The company’s stock had a trading volume of 13,793,600 shares, compared to its average volume of 4,223,501. The stock has a market capitalization of $34,433.50, a P/E ratio of 14.15, a P/E/G ratio of 1.00 and a beta of 0.94. Johnson Controls International PLC has a 12-month low of $36.48 and a 12-month high of $46.17. The company has a current ratio of 1.04, a quick ratio of 0.92 and a debt-to-equity ratio of 0.56.

Johnson Controls International PLC (NYSE:JCI) last released its quarterly earnings results on Thursday, November 9th. The auto parts company reported $0.87 earnings per share for the quarter, hitting the consensus estimate of $0.87. The firm had revenue of $8.14 billion for the quarter, compared to analysts’ expectations of $8.10 billion. Johnson Controls International PLC had a net margin of 6.32% and a return on equity of 11.91%. The business’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.21 earnings per share. equities analysts forecast that Johnson Controls International PLC will post 2.84 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Monday, September 25th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.71%. Johnson Controls International PLC’s dividend payout ratio (DPR) is currently 49.26%.

In other news, VP Jeffrey M. Williams sold 1,955 shares of the stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $41.43, for a total transaction of $80,995.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.48% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Zeke Capital Advisors LLC boosted its holdings in shares of Johnson Controls International PLC by 108.2% during the third quarter. Zeke Capital Advisors LLC now owns 17,080 shares of the auto parts company’s stock worth $688,000 after purchasing an additional 8,878 shares during the period. Amalgamated Bank boosted its holdings in shares of Johnson Controls International PLC by 1.8% during the third quarter. Amalgamated Bank now owns 107,453 shares of the auto parts company’s stock worth $4,329,000 after purchasing an additional 1,925 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Johnson Controls International PLC by 8.8% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 75,829 shares of the auto parts company’s stock worth $3,055,000 after purchasing an additional 6,134 shares during the period. Trexquant Investment LP purchased a new stake in shares of Johnson Controls International PLC during the third quarter worth about $235,000. Finally, Legal & General Group Plc boosted its holdings in shares of Johnson Controls International PLC by 2.3% during the third quarter. Legal & General Group Plc now owns 4,442,690 shares of the auto parts company’s stock worth $178,994,000 after purchasing an additional 97,783 shares during the period. Institutional investors own 86.04% of the company’s stock.

Johnson Controls International PLC Company Profile

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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