Today’s Rating Change: Johnson Controls (NYSE:JCI) Gets Another Recommendation On Wall Street. This time with $54.0 PT

November 28, 2016 - By Vivian Park

Today's Rating Change: Johnson Controls (NYSE:JCI) Gets Another Recommendation On Wall Street. This time with $54.0 PT

Why Citigroup Gives Johnson Controls (NYSE:JCI) $54.0 Price Target

Citigroup issued in a recent research note that it has begun coverage on Johnson Controls (NYSE:JCI) stock, with a “Buy” rating and a $54.0 target price.

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 8.71% above today’s ($45.71) stock price. Johnson Controls Inc. has been the topic of 39 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating given on Tuesday, December 15 by RBC Capital Markets. The stock of Johnson Controls International plc Ordinary Share (NYSE:JCI) earned “Overweight” rating by Barclays Capital on Monday, January 25. The stock of Johnson Controls International plc Ordinary Share (NYSE:JCI) has “Buy” rating given on Friday, October 2 by Normua. The stock has “Buy” rating given by Nomura on Friday, October 2. The rating was initiated by Bernstein with “Outperform” on Friday, September 16. The stock of Johnson Controls International plc Ordinary Share (NYSE:JCI) earned “Outperform” rating by Macquarie Research on Thursday, September 8. The firm has “Overweight” rating by Atlantic Securities given on Friday, September 9. The firm has “Outperform” rating by William Blair given on Wednesday, September 30. The stock of Johnson Controls International plc Ordinary Share (NYSE:JCI) earned “Outperform” rating by Cowen & Co on Wednesday, September 28. The firm earned “Outperform” rating on Thursday, January 7 by Oppenheimer.

About 630,111 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 $479.65M for 22.41 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 is 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.

The Florida-based Lba Wealth Mngmt Lc has invested 0.19% in Johnson Controls International plc Ordinary Share (NYSE:JCI). Prudential reported 1.28 million shares or 0.1% of all its holdings. Delta Asset Management Limited Tn accumulated 901 shares or 0.01% of the stock. Investec Asset Management Ltd last reported 1.09% of its portfolio in the stock. Assetmark holds 0% or 1,883 shares in its portfolio. Lodestar Inv Counsel Llc Il, a Illinois-based fund reported 7,500 shares. Moreover, Fincl Corporation has 0.03% invested in Johnson Controls International plc Ordinary Share (NYSE:JCI) for 1,030 shares. Hsbc Hldgs Pcl owns 493,439 shares or 0.06% of their US portfolio. Lord Abbett Co Limited Liability Co holds 403,800 shares or 0.06% of its portfolio. The New York-based Investec Asset North America has invested 1.35% in Johnson Controls International plc Ordinary Share (NYSE:JCI). Founders Management has invested 0.11% of its portfolio in Johnson Controls International plc Ordinary Share (NYSE:JCI). Cap Advisers accumulated 11,504 shares or 0.01% of the stock. Aviva Public Ltd Company has 389,562 shares for 0.12% of their US portfolio. Massachusetts Finance Ser Ma last reported 13.87M shares in the company. Nippon Life Commerce, a Japan-based fund reported 37,243 shares.

Insider Transactions: Since August 19, 2016, the stock had 0 buys, and 1 insider sale for $4.41 million net activity. $4.41M worth of Johnson Controls International plc Ordinary Share (NYSE:JCI) shares were sold by McDonald R Bruce.

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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