Johnson Controls International (NYSE:JCI) PT Raised to $71.00 at Oppenheimer

Johnson Controls International (NYSE:JCI) had its price target lifted by Oppenheimer from $66.00 to $71.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price objective would suggest a potential upside of 11.48% from the company’s current price.

JCI has been the topic of several other research reports. Wells Fargo & Company upped their price target on Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Citigroup upped their target price on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Royal Bank of Canada lowered their price target on shares of Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating for the company in a research report on Wednesday, January 31st. Melius Research restated a “hold” rating on shares of Johnson Controls International in a report on Tuesday, January 30th. Finally, Argus lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $64.50.

Johnson Controls International Stock Down 0.8 %

Shares of NYSE JCI opened at $63.69 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.97 and a debt-to-equity ratio of 0.45. The company has a market cap of $43.40 billion, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of 1.61 and a beta of 1.24. Johnson Controls International has a 12-month low of $47.90 and a 12-month high of $70.43. The firm’s 50-day simple moving average is $61.61 and its 200 day simple moving average is $56.29.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. Johnson Controls International had a net margin of 7.85% and a return on equity of 13.08%. The business had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.94 billion. During the same quarter last year, the business posted $0.67 earnings per share. Johnson Controls International’s revenue for the quarter was up .4% compared to the same quarter last year. On average, research analysts expect that Johnson Controls International will post 3.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JCI. Advisory Resource Group grew its holdings in shares of Johnson Controls International by 1.7% in the 1st quarter. Advisory Resource Group now owns 9,910 shares of the company’s stock valued at $597,000 after acquiring an additional 162 shares in the last quarter. Optimum Investment Advisors grew its stake in Johnson Controls International by 17.5% in the fourth quarter. Optimum Investment Advisors now owns 1,175 shares of the company’s stock valued at $68,000 after purchasing an additional 175 shares in the last quarter. Raleigh Capital Management Inc. increased its position in shares of Johnson Controls International by 3.9% during the 3rd quarter. Raleigh Capital Management Inc. now owns 4,767 shares of the company’s stock worth $254,000 after purchasing an additional 179 shares during the last quarter. BSW Wealth Partners raised its stake in shares of Johnson Controls International by 4.3% during the 4th quarter. BSW Wealth Partners now owns 4,494 shares of the company’s stock worth $259,000 after purchasing an additional 185 shares in the last quarter. Finally, HCR Wealth Advisors boosted its holdings in shares of Johnson Controls International by 1.2% in the 4th quarter. HCR Wealth Advisors now owns 16,225 shares of the company’s stock valued at $935,000 after buying an additional 185 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Company Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.