November 28, 2016 - By Richard Conner
Citigroup disclosed in a recent note that it began coverage on Johnson Controls Inc (NYSE:JCI) stock, with a “Buy” rating and a $54.00 price target.
Out of 16 analysts covering Johnson Controls Inc. (NYSE:JCI), 13 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 81% are positive. $64 is the highest target while $39 is the lowest. The $49.69 average target is 9.62% above today’s ($45.33) stock price. Johnson Controls Inc. has been the topic of 39 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Atlantic Securities reinitiated the shares of JCI in a report on Friday, September 9 with “Overweight” rating. The firm has “Outperform” rating given on Friday, September 16 by Bernstein. The rating was upgraded by Goldman Sachs on Wednesday, August 12 to “Buy”. The firm has “Buy” rating given on Friday, October 2 by Normua. The firm has “Neutral” rating by Credit Suisse given on Monday, August 24. The rating was initiated by Goldman Sachs on Monday, October 24 with “Buy”. UBS maintained the shares of JCI in a report on Monday, July 27 with “Buy” rating. On Monday, January 25 the stock rating was maintained by Barclays Capital with “Overweight”. As per Wednesday, September 28, the company rating was initiated by Cowen & Co. Robert W. Baird reinitiated it with “Outperform” rating and $53 target price in Tuesday, October 18 report.
About 2.74 million shares traded hands. Johnson Controls International plc Ordinary Share (NYSE:JCI) has risen 17.25% since April 25, 2016 and is uptrending. It has outperformed by 11.23% the S&P500.
Analysts await Johnson Controls International plc Ordinary Share (NYSE:JCI) to report earnings on February, 3. They expect $0.51 earnings per share, up 15.91% or $0.07 from last year’s $0.44 per share. JCI’s profit will be $483.67 million for 22.22 P/E if the $0.51 EPS becomes a reality. After $1.21 actual earnings per share reported by Johnson Controls International plc Ordinary Share for the previous quarter, Wall Street now forecasts -57.85% negative EPS growth.
Insitutional Activity: The institutional sentiment decreased to 0.03 in 2016 Q2. Its down 1.15, from 1.18 in 2016Q1. The ratio dropped, as 50 funds sold all Johnson Controls International plc Ordinary Share shares owned while 256 reduced positions. 92 funds bought stakes while 268 increased positions. They now own 518.14 million shares or 9.83% more from 471.76 million shares in 2016Q1.
Veritable L P holds 0.02% of its portfolio in Johnson Controls International plc Ordinary Share (NYSE:JCI) for 21,324 shares. Wellington Management Gru Llp owns 26,115 shares or 0% of their US portfolio. Fifth Third Bancorp, a Ohio-based fund reported 34,584 shares. Bluemountain Capital Mngmt Limited Co accumulated 3.03M shares or 3.1% of the stock. Sii Wi has 0.25% invested in the company for 69,421 shares. Broadview Advsrs Limited Liability Company last reported 0.15% of its portfolio in the stock. Campbell Newman Asset has 17,100 shares for 0.14% of their US portfolio. Webster National Bank N A reported 91,601 shares or 0.59% of all its holdings. Fmr Ltd Liability Company last reported 0.06% of its portfolio in the stock. Iberiabank reported 37,381 shares or 0.74% of all its holdings. Boyer And Corporon Wealth Limited Liability Corp holds 8,362 shares or 0.18% of its portfolio. Moreover, Pillar Pacific Cap Mngmt Ltd Liability Corporation has 0.35% invested in Johnson Controls International plc Ordinary Share (NYSE:JCI) for 46,677 shares. Vaughan David Il has invested 0.11% of its portfolio in Johnson Controls International plc Ordinary Share (NYSE:JCI). Ubs Oconnor Ltd reported 621,174 shares or 0% of all its holdings. Tdam Usa accumulated 0.02% or 9,528 shares.
Insider Transactions: Since August 19, 2016, the stock had 0 buys, and 1 insider sale for $4.41 million net activity. McDonald R Bruce had sold 98,166 shares worth $4.41M on Friday, August 19.
According to Zacks Investment Research, “Johnson Controls International plc provides building products and technology. It offers controls, fire, security, HVAC, power solutions and energy storage. The company serves institutions, commercial buildings, retail, industrial, small business and residential. Johnson Controls International plc, formerly known as Tyco International plc, is headquartered in Milwaukee, Wisconsin.”
Johnson Controls International plc, formerly Tyco International plc, incorporated on May 9, 2014, is a well-known provider of security services and products, fire detection and suppression services and products and life safety products. The Firm operates through three divisions: North America Integrated Solutions & Services (NA Integrated Solutions & Services), Rest of World (ROW) Integrated Solutions & Services (ROW Integrated Solutions & Services) and Global Products. The Company’s portfolio of services and products, sold under brands, such as Tyco, SimplexGrinnell, Chemguard, Wormald, Ansul, Simplex, Scott and ADT (other than the United States, Canada and Korea) serve security, fire detection and suppression and life safety needs across commercial, industrial, retail, small business, institutional and governmental markets, as well as non-United States residential markets.
Another recent and important Johnson Controls International plc Ordinary Share (NYSE:JCI) news was published by Fool.com which published an article titled: “Tyco International plc (Ireland) Ordinary Share up 11% on Merger With Johnson …” on January 25, 2016.
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