Johnson Controls International PLC (NYSE:JCI)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $33.43, but opened at $34.19. Johnson Controls International shares last traded at $34.78, with a volume of 7682392 shares.

A number of equities analysts have recently weighed in on JCI shares. TheStreet upgraded Johnson Controls International from a “c+” rating to a “b-” rating in a research note on Friday, August 24th. UBS Group lowered their target price on Johnson Controls International from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, August 30th. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Tuesday, August 21st. Citigroup increased their target price on Johnson Controls International from $45.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Finally, Barclays increased their target price on Johnson Controls International from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 1st. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. Johnson Controls International currently has a consensus rating of “Hold” and an average target price of $40.29.

The company has a quick ratio of 0.76, a current ratio of 1.05 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $31.77 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 1.05 and a beta of 0.87.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Thursday, November 8th. The auto parts company reported $0.93 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.93. Johnson Controls International had a return on equity of 11.92% and a net margin of 6.89%. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.28 billion. During the same quarter last year, the company earned $0.87 EPS. The company’s revenue was up 2.9% on a year-over-year basis. As a group, equities analysts forecast that Johnson Controls International PLC will post 2.98 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in Johnson Controls International by 13.0% during the 3rd quarter. BlackRock Inc. now owns 59,977,232 shares of the auto parts company’s stock worth $2,099,204,000 after acquiring an additional 6,907,864 shares during the period. Franklin Resources Inc. increased its stake in Johnson Controls International by 13.0% during the 3rd quarter. Franklin Resources Inc. now owns 24,324,526 shares of the auto parts company’s stock worth $851,362,000 after acquiring an additional 2,803,639 shares during the period. Newport Trust Co bought a new position in Johnson Controls International during the 2nd quarter worth $316,198,000. Bank of New York Mellon Corp increased its stake in Johnson Controls International by 11.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,074,686 shares of the auto parts company’s stock worth $247,614,000 after acquiring an additional 704,520 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Johnson Controls International by 12.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,600,090 shares of the auto parts company’s stock worth $196,052,000 after acquiring an additional 635,357 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Johnson Controls International (JCI) Shares Gap Up to $34.19” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.thecerbatgem.com/2018/11/13/johnson-controls-international-jci-shares-gap-up-to-34-19.html.

About Johnson Controls International (NYSE:JCI)

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.

See Also: Compound Interest

Receive News & Ratings for Johnson Controls International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Controls International and related companies with MarketBeat.com's FREE daily email newsletter.