Johnson Controls International PLC (NYSE:JCI) was upgraded by investment analysts at Gabelli from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, July 28th, MarketBeat reports. The brokerage presently has a $51.00 price target on the auto parts company’s stock. Gabelli’s price objective points to a potential upside of 28.21% from the stock’s current price.

JCI has been the subject of several other research reports. BidaskClub raised Johnson Controls International PLC from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Cowen and Company reissued an “outperform” rating and issued a $52.00 price objective on shares of Johnson Controls International PLC in a report on Friday, May 19th. Atlantic Securities lowered Johnson Controls International PLC from an “overweight” rating to a “neutral” rating in a report on Friday, July 28th. Zacks Investment Research raised Johnson Controls International PLC from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $51.00 target price (up previously from $50.00) on shares of Johnson Controls International PLC in a report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Johnson Controls International PLC currently has an average rating of “Buy” and an average target price of $50.43.

Johnson Controls International PLC (NYSE JCI) opened at 39.78 on Friday. The stock’s 50 day moving average is $42.58 and its 200 day moving average is $42.12. Johnson Controls International PLC has a 52 week low of $38.54 and a 52 week high of $48.97. The firm’s market cap is $37.09 billion.

Johnson Controls International PLC (NYSE:JCI) last released its earnings results on Thursday, July 27th. The auto parts company reported $0.71 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.71. Johnson Controls International PLC had a positive return on equity of 11.74% and a negative net margin of 0.43%. The company had revenue of $7.67 billion for the quarter, compared to analysts’ expectations of $7.72 billion. During the same period in the previous year, the business posted $1.07 EPS. The business’s revenue for the quarter was up 48.8% compared to the same quarter last year. Equities research analysts expect that Johnson Controls International PLC will post $2.61 EPS for the current year.

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A number of hedge funds have recently made changes to their positions in the stock. Park National Corp OH increased its stake in shares of Johnson Controls International PLC by 5.0% in the first quarter. Park National Corp OH now owns 383,724 shares of the auto parts company’s stock valued at $16,162,000 after buying an additional 18,215 shares during the last quarter. Catawba Capital Management VA boosted its position in Johnson Controls International PLC by 1.3% in the first quarter. Catawba Capital Management VA now owns 60,828 shares of the auto parts company’s stock valued at $2,562,000 after buying an additional 765 shares during the period. Raymond James Trust N.A. boosted its position in Johnson Controls International PLC by 5.3% in the first quarter. Raymond James Trust N.A. now owns 37,268 shares of the auto parts company’s stock valued at $1,569,000 after buying an additional 1,876 shares during the period. Douglass Winthrop Advisors LLC acquired a new position in Johnson Controls International PLC during the first quarter valued at about $1,152,000. Finally, Burke & Herbert Bank & Trust Co. boosted its position in Johnson Controls International PLC by 9.6% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 6,925 shares of the auto parts company’s stock valued at $292,000 after buying an additional 606 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

About Johnson Controls International PLC

Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

Analyst Recommendations for Johnson Controls International PLC (NYSE:JCI)

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