Johnson Controls International PLC (JCI) Receives $50.52 Consensus PT from Brokerages

Federico Mansilla
Enero 14, 2018

The share price has moved forward from its 20 days moving average, trading at a distance of 3.61% and stays 3.72% away from its 50 days moving average. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Johnson Controls Inc (NYSE:JCI) institutional sentiment increased to 0.75 in 2017 Q3. It improved, as 5 investors sold Johnson Controls International plc shares while 3 reduced holdings.

Since January 1, 0001, it had 3 insider buys, and 0 sales for $18.28 million activity. The corporation has a market cap of US$37.97 Billion.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last issued its quarterly earnings results on Thursday, November 9th. The auto parts company reported $0.87 earnings per share for the quarter, meeting analysts' consensus estimates of $0.87. Johnson Controls International PLC had a negative net margin of 2.07% and a positive return on equity of 13.43%. The company had revenue of $8.14 billion for the quarter, compared to the consensus estimate of $8.10 billion. During the same period in the prior year, the firm earned $1.21 EPS.

Johnson Controls International plc Ordinary Share announced that its board has approved a share buyback program on Thursday, December 7th that permits the company to buyback $1.00 billion in shares. The stock of Johnson Controls International plc (NYSE:JCI) earned "Overweight" rating by Morgan Stanley on Monday, August 7. This repurchase authorization authorizes the auto parts company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

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The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. The ex-dividend date of this dividend was Friday, December 15th.

While looking at the Stock's Performance, Johnson Controls International plc now shows a Weekly Performance of 0.26%, where Monthly Performance is 4.41%, Quarterly performance is -5.86%, 6 Months performance is -10% and yearly performance percentage is -10.43%. This represents a $1.04 annualized dividend and a yield of 2.61%.

JCI has been the topic of several research reports. Harfst & Associates Inc. boosted its holdings in Johnson Controls International plc Ordinary Share by 16.9% in the 2nd quarter. Balentine LLC lifted its holdings in shares of Johnson Controls International plc Ordinary Share by 82.0% during the third quarter. Taking notice on volatility measures, price volatility of stock was 2.84% for a week and 2.51% for a month. Robert W. Baird downgraded Johnson Controls International plc (NYSE:JCI) on Friday, January 5 to "Neutral" rating. Archford Capital Strategies LLC now owns 8,167 shares of the auto parts company's stock worth $124,000 after purchasing an additional 8,017 shares during the period. About 3.63M shares traded. Finally, Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Johnson Controls International plc Ordinary Share by 43.2% during the second quarter. Wall Street is only getting more bullish on the stock, with 6 of analysts who cover JCI having a buy-equivalent rating. JMP Securities set a $50.00 target price on shares of Johnson Controls International plc Ordinary Share and gave the stock a "buy" rating in a report on Monday, October 23rd. Johnson Controls International plc (NYSE:JCI) has risen 13.24% since January 13, 2017 and is uptrending. The stock of Johnson Controls International plc (NYSE:JCI) has "Buy" rating given on Monday, October 9 by Citigroup. Analysts set a 12-month price target of $11.22 a share. Finally, TheStreet lowered Johnson Controls International plc Ordinary Share from a "b" rating to a "c+" rating in a research note on Monday, December 18th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company's stock. They issued a "buy" rating and a $46.00 price target on the stock. The legal version of this news story can be read at https://www.dispatchtribunal.com/2018/01/12/johnson-controls-international-plc-ordinary-share-jci-vp-sells-1109360-00-in-stock.html. If you are accessing this news story on another site, it was stolen and republished in violation of United States and worldwide copyright and trademark legislation.

A number of key analysts, polled by FactSet, shared their views about the current stock momentum.

Johnson Controls, Inc is a technology company.

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