Rating Worth Mentioning: Johnson Controls (NYSE:JCI): What Citigroup Is Saying; Why Has $54.00 Stock Target

November 28, 2016 - By Peter Kolinski

Rating Worth Mentioning: Johnson Controls (NYSE:JCI): What Citigroup Is Saying; Why Has $54.00 Stock Target

Why Citigroup Gives Johnson Controls (NYSE:JCI) $54.00 Price Target

Citigroup analyst began coverage with a Buy rating on Johnson Controls (NYSE:JCI) today and set a price target of $54.00. 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 9.45% above today’s ($45.4) stock price. Johnson Controls Inc. has been the topic of 39 analyst reports since July 28, 2015 according to StockzIntelligence Inc. On Wednesday, September 28 the stock rating was initiated by Cowen & Co with “Outperform”. The rating was upgraded by William Blair on Wednesday, September 30 to “Outperform”. As per Monday, July 27, the company rating was maintained by UBS. Credit Suisse initiated Johnson Controls International plc Ordinary Share (NYSE:JCI) on Monday, August 24 with “Neutral” rating. Goldman Sachs maintained it with “Buy” rating and $46 target price in Tuesday, November 1 report. The stock of Johnson Controls International plc Ordinary Share (NYSE:JCI) earned “Outperform” rating by Bernstein on Friday, September 16. The firm earned “Outperform” rating on Monday, July 27 by RBC Capital Markets. RBC Capital Markets maintained Johnson Controls International plc Ordinary Share (NYSE:JCI) on Tuesday, January 26 with “Sector Perform” rating. The rating was initiated by Goldman Sachs with “Buy” on Monday, October 24. The firm earned “Buy” rating on Friday, October 2 by Nomura.

About 2.26 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 $482.93M for 22.25 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.

Concert Wealth Inc holds 30,086 shares or 0.18% of its portfolio. Ontario Teachers Pension Plan Board last reported 243,587 shares in the company. Moreover, Shufro Rose & Company Ltd Liability Corp has 2.66% invested in Johnson Controls International plc Ordinary Share (NYSE:JCI) for 543,012 shares. Teacher Retirement Of Texas has 0.01% invested in the company for 46,398 shares. Snow Management Limited Partnership has 1.02 million shares for 2.13% of their US portfolio. The Pennsylvania-based Smithfield has invested 0.06% in Johnson Controls International plc Ordinary Share (NYSE:JCI). Liberty Mutual Asset Mngmt holds 0.07% of its portfolio in Johnson Controls International plc Ordinary Share (NYSE:JCI) for 42,591 shares. Etrade Management Ltd Liability Com holds 48,953 shares or 0.11% of its portfolio. Moreover, Arcadia Investment Mgmt Mi has 0.01% invested in Johnson Controls International plc Ordinary Share (NYSE:JCI) for 527 shares. New Mexico Educational Retirement Board holds 0.15% of its portfolio in Johnson Controls International plc Ordinary Share (NYSE:JCI) for 75,559 shares. 1St Source Bancorp accumulated 0.22% or 44,049 shares. Balyasny Asset Mngmt Ltd Limited Liability Company holds 0.2% or 700,643 shares in its portfolio. Davidson & Garrard has invested 0.13% of its portfolio in Johnson Controls International plc Ordinary Share (NYSE:JCI). National Insurance Communication Tx reported 141,175 shares or 0.37% of all its holdings. Bokf Na last reported 0.17% of its portfolio in the stock.

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

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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