The shares of Johnson Controls International plc (NYSE:JCI) has been pegged with a rating of Neutral by Credit Suisse in its latest research note that was published on May 13th, 2019. The research company has also assigned a $42 price target. Credit Suisse wasn’t the only research firm that published a report of Johnson Controls International plc, with other equities research analysts also giving their opinion on the stock. Wells Fargo advised investors in its research note published on March 18th, 2019, to Outperform the JCI stock while also putting a $42 price target. The stock had earned Neutral rating from Credit Suisse when it published its report on October 12th, 2018. The stock was given Underweight rating by JP Morgan in its report released on September 21st, 2018. Argus was of a view that JCI is Buy in its latest report on August 21st, 2018. Morgan Stanley thinks that JCI is worth Equal-Weight rating. This was contained in the firm’s report on August 21st, 2018 in which the stock’s price target was also moved to $40.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 7 believe it has the potential for further growth, thus rating it as Hold while 3 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $40.73. The price of the stock the last time has raised by 38.72% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 64.91.
The shares of the company added by 0.38% during the trading session on Tuesday, reaching a low of $39.12 while ending the day at $39.25. During the trading session, a total of 5.58 million shares were traded which represents a -22.05% decline from the average session volume which is 4.57M shares. JCI had ended its last session trading at 39.10. Johnson Controls International plc currently has a market cap of $35.42B, while its P/E ratio stands at 20.84, while its P/E earnings growth sits at 1.28, with a beta of 1.01. Johnson Controls International plc debt-to-equity ratio currently stands at 0.62, while its quick ratio hovers at 0.80. JCI 52-week low price stands at $28.30 while its 52-week high price is $40.33.
The company in its last quarterly report recorded $0.32 earnings per share which is above the $0.30 predicted by most analysts. The Johnson Controls International plc generated $5,779.00 million in revenue during the last quarter, which is slightly lower than the $5,784.38 million predicted by analysts. In the second quarter last year, the firm recorded $0.26 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 18.75%. Johnson Controls International plc has the potential to record 1.88 EPS for the current fiscal year, according to equities analysts.
Investment analysts at RBC Capital Mkts published a research note on March 1st, 2019 where it informed investors and clients that Devon Energy Corporation (NYSE:DVN) is now rated as Sector Perform. Their price target on the stock stands at $38. Wells Fargo also rated DVN as Upgrade on March 18th, 2019, with its price target of $160 suggesting that DVN could surge by 21.55% from its current share price. Even though the stock has been trading at $29.92/share, analysts expect it to surge higher by 2.81% to reach $39.21/share. It started the day trading at $30.96 and traded between $30.03 and $30.76 throughout the trading session.
A look at its technical shows that DVN’s 50-day SMA is 31.27 while its 200-day SMA stands at 32.58. The stock has a high of $46.54 for the year while the low is $20.37. The company’s P/E ratio currently sits at 32.38, while the P/B ratio is 1.68. At the moment, only of Devon Energy Corporation shares were sold short. The company’s average trading volume currently stands at 7.87M shares, which means that the short-interest ratio is just 1.83 days. Over the past seven days, the company moved, with its shift of -0.93%. Looking further, the stock has raised 18.49% over the past 90 days while it lost -5.99% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc sold more DVN shares, decreasing its portfolio by -4.93% during the last quarter. This move now sees The Vanguard Group Inc selling -2,553,187 shares in the last quarter, thus it now holds 49,236,315 shares of DVN, with a total valuation of $1,582,455,164. SSgA Funds Management Inc meanwhile sold more DVN shares in the recently filed quarter, changing its stake to $789,684,750 worth of shares. Invesco Advisers Inc followed the path by decreasing its DVN portfolio by -1.37% in the quarter. This means that Invesco Advisers Inc sold -323,172 shares in the last quarter and now controls 23,223,116 shares of the DVN stock, with the valuation hitting $746,390,948.
Similarly, Elliott Management Corp increased its Devon Energy Corporation shares by +48.84% during the recently filed quarter. After buying 5,480,000 shares in the last quarter, the firm now controls 16,700,000 shares of Devon Energy Corporation which are valued at $536,738,000. In the same vein, Fidelity Management Research Co increased its Devon Energy Corporation shares by during the most recent reported quarter. The firm bought 106,187 shares during the quarter which increased its stakes to 11,324,187 shares and is now valued at $363,959,370. Following these latest developments, around 0.50% of Devon Energy Corporation stocks are owned by institutional investors and hedge funds.