Johnson Controls International (NYSE:JCI) Receives Buy Rating from Cowen

Cowen reissued their buy rating on shares of Johnson Controls International (NYSE:JCI) in a research note issued to investors on Friday morning, AnalystRatings.com reports. Cowen currently has a $36.00 price objective on the stock.

Other research analysts also recently issued research reports about the stock. Oppenheimer reissued a hold rating on shares of Johnson Controls International in a research report on Friday, May 1st. Robert W. Baird cut their target price on shares of Johnson Controls International from $36.00 to $34.00 and set a neutral rating on the stock in a research report on Monday, May 4th. Cfra cut their price objective on shares of Johnson Controls International from $50.00 to $36.00 and set a buy rating on the stock in a research report on Friday, May 1st. Vertical Research upgraded shares of Johnson Controls International from a hold rating to a buy rating in a research note on Wednesday, May 13th. Finally, UBS Group upgraded shares of Johnson Controls International from a neutral rating to a buy rating and set a $39.00 target price for the company in a research note on Monday, June 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. Johnson Controls International presently has a consensus rating of Hold and an average target price of $34.50.

NYSE JCI traded up $1.24 during trading on Friday, reaching $38.48. 8,528,746 shares of the company’s stock traded hands, compared to its average volume of 4,697,602. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.05 and a quick ratio of 0.83. The firm has a market cap of $27.70 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 2.41 and a beta of 1.07. The company’s 50 day simple moving average is $35.11 and its two-hundred day simple moving average is $34.04. Johnson Controls International has a 12-month low of $22.77 and a 12-month high of $44.82.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Friday, July 31st. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.19. The business had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.11 billion. Johnson Controls International had a net margin of 21.80% and a return on equity of 8.81%. The company’s revenue for the quarter was down 17.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS. Research analysts expect that Johnson Controls International will post 1.93 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Monday, June 22nd were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.70%. The ex-dividend date was Friday, June 19th. Johnson Controls International’s dividend payout ratio is currently 53.06%.

In other news, CEO George Oliver sold 22,620 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $34.17, for a total transaction of $772,925.40. 0.61% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. Guggenheim Capital LLC boosted its holdings in Johnson Controls International by 65.2% in the 4th quarter. Guggenheim Capital LLC now owns 208,569 shares of the company’s stock worth $8,490,000 after buying an additional 82,285 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Johnson Controls International by 27.0% in the 4th quarter. Macquarie Group Ltd. now owns 516,611 shares of the company’s stock worth $21,032,000 after purchasing an additional 109,744 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Johnson Controls International in the 4th quarter worth approximately $1,216,000. TFG Advisers LLC purchased a new position in Johnson Controls International in the 4th quarter worth approximately $35,000. Finally, Quadrant Capital Group LLC lifted its stake in Johnson Controls International by 24.5% in the 4th quarter. Quadrant Capital Group LLC now owns 8,636 shares of the company’s stock worth $334,000 after purchasing an additional 1,697 shares in the last quarter. Hedge funds and other institutional investors own 88.44% 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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Analyst Recommendations for Johnson Controls International (NYSE:JCI)

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