Rating To Observe: Is Johnson Controls (NYSE:JCI) a Buy or a Sell? Learn What Citigroup Thinks

November 28, 2016 - By olga

Rating To Observe: Is Johnson Controls (NYSE:JCI) a Buy or a Sell? Learn What Citigroup Thinks

Why Citigroup Gives Johnson Controls (NYSE:JCI) $54 Price Target

Citigroup analyst began coverage with a Buy rating on Johnson Controls (NYSE:JCI) today and set a price target of $54. The firm’s shares opened today at 0.

Johnson Controls International plc Ordinary Share (NYSE:JCI) Ratings Coverage

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 8.56% above today’s ($45.77) stock price. Johnson Controls Inc. has been the topic of 39 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The company was initiated on Friday, September 16 by Bernstein. The stock of Johnson Controls International plc Ordinary Share (NYSE:JCI) has “Sector Perform” rating given on Tuesday, December 15 by RBC Capital Markets. The firm has “Buy” rating by Goldman Sachs given on Tuesday, November 1. The rating was maintained by UBS on Friday, September 16 with “Buy”. The firm has “Outperform” rating by Cowen & Co given on Wednesday, September 28. The stock of Johnson Controls International plc Ordinary Share (NYSE:JCI) has “Buy” rating given on Friday, October 2 by Nomura. On Monday, July 27 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock has “Overweight” rating given by Barclays Capital on Monday, January 25. The rating was initiated by Goldman Sachs on Monday, October 24 with “Buy”. As per Wednesday, August 12, the company rating was upgraded by Goldman Sachs.

About 763,408 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 $479.02M for 22.44 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 Q2 2016. Its down 1.15, from 1.18 in 2016Q1. The ratio turned negative, 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.

Banque Pictet & Cie has 7,000 shares for 0.01% of their US portfolio. Agf Invests America Inc has 2.91% invested in the company for 144,978 shares. At State Bank has 0.55% invested in the company for 82,963 shares. Sasco Capital Ct reported 2.42 million shares or 2.67% of all its holdings. The United Kingdom-based Aberdeen Asset Mngmt Public Limited Co Uk has invested 0.03% in Johnson Controls International plc Ordinary Share (NYSE:JCI). Marshwinds Advisory Com holds 12,901 shares or 0.28% of its portfolio. Jfs Wealth Limited Liability Corporation last reported 3,231 shares in the company. Bb&T Securities Limited accumulated 112,696 shares or 0.08% of the stock. Ftb Advisors accumulated 4,924 shares or 0.03% of the stock. Lba Wealth Management reported 7,681 shares or 0.19% of all its holdings. Advantus accumulated 63,029 shares or 0.08% of the stock. Catawba Cap Va has invested 0.29% of its portfolio in Johnson Controls International plc Ordinary Share (NYSE:JCI). Deutsche National Bank & Trust Ag has invested 0.13% of its portfolio in Johnson Controls International plc Ordinary Share (NYSE:JCI). Hm Payson last reported 1.04% of its portfolio in the stock. Kistler holds 7,314 shares or 0.17% of its portfolio.

Insider Transactions: Since August 19, 2016, the stock had 0 insider purchases, and 1 insider sale for $4.41 million net activity. The insider McDonald R Bruce sold $4.41M.

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.”

JCI Company Profile

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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