Johnson Controls International PLC (NYSE:JCI) has been given a $48.00 price objective by equities researchers at Morgan Stanley in a report released on Monday, October 2nd. The firm currently has an “overweight” rating on the auto parts company’s stock. Morgan Stanley’s price objective would indicate a potential upside of 15.14% from the company’s previous close.

A number of other analysts have also issued reports on JCI. Cowen and Company reaffirmed a “buy” rating and set a $48.00 price objective on shares of Johnson Controls International PLC in a research report on Wednesday, September 27th. Atlantic Securities lowered shares of Johnson Controls International PLC from an “overweight” rating to a “neutral” rating in a research report on Friday, July 28th. TheStreet upgraded Johnson Controls International PLC from a “c” rating to a “b” rating in a report on Thursday, July 27th. Wolfe Research assumed coverage on Johnson Controls International PLC in a report on Tuesday, July 11th. They set a “market perform” rating on the stock. Finally, BidaskClub downgraded shares of Johnson Controls International PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. Johnson Controls International PLC currently has a consensus rating of “Hold” and an average target price of $48.71.

Johnson Controls International PLC (NYSE JCI) traded up 0.72% during midday trading on Monday, reaching $41.69. 3,202,348 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $40.09 and its 200-day moving average price is $41.18. Johnson Controls International PLC has a 1-year low of $36.74 and a 1-year high of $46.17. The company’s market capitalization is $38.87 billion.

Johnson Controls International PLC (NYSE:JCI) last announced its earnings results on Thursday, July 27th. The auto parts company reported $0.71 EPS for the quarter, hitting the consensus estimate of $0.71. The company had revenue of $7.67 billion during the quarter, compared to analysts’ expectations of $7.72 billion. Johnson Controls International PLC had a negative net margin of 0.43% and a positive return on equity of 11.74%. The business’s revenue for the quarter was up 48.8% on a year-over-year basis. During the same period last year, the company posted $1.07 earnings per share. Equities analysts expect that Johnson Controls International PLC will post $2.61 EPS for the current year.

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In other news, VP Jeffrey M. Williams sold 1,955 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $41.43, for a total transaction of $80,995.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.48% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. FNY Managed Accounts LLC bought a new stake in Johnson Controls International PLC in the 1st quarter valued at $100,000. Bessemer Group Inc. grew its holdings in Johnson Controls International PLC by 5.5% in the 2nd quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock valued at $110,000 after buying an additional 133 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in Johnson Controls International PLC by 171.7% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,663 shares of the auto parts company’s stock valued at $116,000 after buying an additional 1,683 shares in the last quarter. Harfst & Associates Inc. grew its holdings in Johnson Controls International PLC by 16.9% in the 2nd quarter. Harfst & Associates Inc. now owns 2,691 shares of the auto parts company’s stock valued at $116,000 after buying an additional 389 shares in the last quarter. Finally, Grove Bank & Trust grew its holdings in Johnson Controls International PLC by 57.7% in the 2nd quarter. Grove Bank & Trust now owns 2,693 shares of the auto parts company’s stock valued at $117,000 after buying an additional 985 shares in the last quarter. Institutional investors and hedge funds own 86.09% 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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