Johnson Controls International (NYSE:JCI) Price Target Raised to $49.00

Johnson Controls International (NYSE:JCI) had its target price increased by Argus from $47.00 to $49.00 in a research note issued on Friday, Stock Target Advisor reports. The firm currently has a “buy” rating on the stock. Argus’ price objective would indicate a potential upside of 15.24% from the stock’s previous close.

Several other research firms have also weighed in on JCI. JPMorgan Chase & Co. boosted their target price on shares of Johnson Controls International from $37.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. ValuEngine lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $41.78.

Shares of NYSE JCI opened at $42.52 on Friday. Johnson Controls International has a 12-month low of $28.30 and a 12-month high of $44.82. The stock has a market cap of $34.92 billion, a PE ratio of 15.02, a P/E/G ratio of 1.77 and a beta of 0.94. The company has a current ratio of 1.41, a quick ratio of 1.19 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average of $42.94 and a 200 day moving average of $41.26.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.02. The company had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.42 billion. Johnson Controls International had a net margin of 22.38% and a return on equity of 9.02%. Johnson Controls International’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 EPS. On average, sell-side analysts forecast that Johnson Controls International will post 1.95 EPS for the current fiscal year.

In other Johnson Controls International news, VP Jeffrey M. Williams sold 37,986 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $44.29, for a total value of $1,682,399.94. Following the transaction, the vice president now directly owns 132,492 shares in the company, valued at approximately $5,868,070.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Oliver sold 11,207 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $42.07, for a total transaction of $471,478.49. Following the completion of the transaction, the chief executive officer now owns 887,198 shares in the company, valued at $37,324,419.86. The disclosure for this sale can be found here. Insiders sold a total of 177,702 shares of company stock worth $7,716,908 over the last quarter. 0.50% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of JCI. Garrett Wealth Advisory Group LLC acquired a new stake in Johnson Controls International during the 3rd quarter worth approximately $26,000. Horan Capital Advisors LLC. acquired a new stake in Johnson Controls International during the 3rd quarter worth approximately $29,000. Stonebridge Capital Advisors LLC acquired a new stake in Johnson Controls International during the 2nd quarter worth approximately $30,000. Kavar Capital Partners LLC acquired a new stake in Johnson Controls International during the 2nd quarter worth approximately $32,000. Finally, Hudock Capital Group LLC lifted its holdings in Johnson Controls International by 2,231.4% during the 2nd quarter. Hudock Capital Group LLC now owns 816 shares of the company’s stock worth $33,000 after buying an additional 781 shares in the last quarter. Hedge funds and other institutional investors own 92.05% of the company’s stock.

Johnson Controls International Company Profile

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. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.

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