Investors Buy Shares of Johnson Controls International PLC (NYSE:JCI) on Weakness

Investors bought shares of Johnson Controls International PLC (NYSE:JCI) on weakness during trading hours on Tuesday. $42.91 million flowed into the stock on the tick-up and $27.02 million flowed out of the stock on the tick-down, for a money net flow of $15.89 million into the stock. Of all companies tracked, Johnson Controls International PLC had the 33rd highest net in-flow for the day. Johnson Controls International PLC traded down ($0.20) for the day and closed at $38.75

A number of brokerages have issued reports on JCI. BidaskClub lowered shares of Johnson Controls International PLC from a “sell” rating to a “strong sell” rating in a research note on Friday. TheStreet raised Johnson Controls International PLC from a “c” rating to a “b” rating in a report on Thursday, July 27th. Wolfe Research assumed coverage on Johnson Controls International PLC in a report on Tuesday, July 11th. They issued a “market perform” rating for the company. Morgan Stanley lowered their price target on Johnson Controls International PLC from $51.00 to $46.00 and set an “overweight” rating for the company in a report on Monday, August 7th. Finally, Atlantic Securities downgraded Johnson Controls International PLC from an “overweight” rating to a “neutral” rating in a report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Johnson Controls International PLC presently has a consensus rating of “Buy” and a consensus price target of $50.43.

The company has a 50-day moving average of $41.30 and a 200 day moving average of $41.70. The stock’s market capitalization is $34.55 billion.

Johnson Controls International PLC (NYSE:JCI) last released its quarterly 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. The business had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.72 billion. Johnson Controls International PLC had a positive return on equity of 11.74% and a negative net margin of 0.43%. Johnson Controls International PLC’s revenue for the quarter was up 48.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.07 EPS. Equities research analysts expect that Johnson Controls International PLC will post $2.61 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FNY Managed Accounts LLC purchased a new position in shares of Johnson Controls International PLC during the first quarter worth approximately $100,000. Bessemer Group Inc. raised its position in shares of Johnson Controls International PLC by 5.5% in the second quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock worth $110,000 after buying an additional 133 shares during the last quarter. Harfst & Associates Inc. raised its position in shares of Johnson Controls International PLC by 16.9% in the second quarter. Harfst & Associates Inc. now owns 2,691 shares of the auto parts company’s stock worth $116,000 after buying an additional 389 shares during the last quarter. Grove Bank & Trust raised its position in shares of Johnson Controls International PLC by 57.7% in the second quarter. Grove Bank & Trust now owns 2,693 shares of the auto parts company’s stock worth $117,000 after buying an additional 985 shares during the last quarter. Finally, First PREMIER Bank increased its position in Johnson Controls International PLC by 366.2% in the second quarter. First PREMIER Bank now owns 3,361 shares of the auto parts company’s stock worth $146,000 after buying an additional 2,640 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Investors Buy Shares of Johnson Controls International PLC (NYSE:JCI) on Weakness” was originally published by Rincon Hill News and is the sole property of of Rincon Hill News. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at https://rinconhillneighbors.org/2017/08/19/traders-buy-johnson-controls-international-plc-nysejci-on-weakness-updated-updated.html.

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.

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

 

Latest News



Leave a Reply

 
© 2006-2017 Rincon Hill News.