Oppenheimer Cuts Johnson Controls International (NYSE:JCI) Price Target to $70.00

Johnson Controls International (NYSE:JCI) had its target price cut by Oppenheimer from $71.00 to $70.00 in a research note published on Thursday morning, Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on JCI. Barclays upped their price objective on shares of Johnson Controls International from $59.00 to $61.00 and gave the stock an equal weight rating in a research report on Tuesday, April 2nd. StockNews.com cut shares of Johnson Controls International from a buy rating to a hold rating in a research report on Thursday, January 25th. Mizuho cut shares of Johnson Controls International from a buy rating to a neutral rating and set a $62.00 price target for the company. in a research report on Friday, February 23rd. Wells Fargo & Company upped their price target on shares of Johnson Controls International from $64.00 to $73.00 and gave the company an overweight rating in a research report on Tuesday, April 2nd. Finally, Melius Research restated a hold rating on shares of Johnson Controls International in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and an average price target of $64.25.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock traded up $1.63 on Thursday, reaching $62.38. 7,096,178 shares of the stock were exchanged, compared to its average volume of 4,978,445. The firm’s 50 day moving average is $63.31 and its 200-day moving average is $57.22. Johnson Controls International has a one year low of $47.90 and a one year high of $70.43. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.73 and a current ratio of 0.87. The firm has a market cap of $42.02 billion, a PE ratio of 25.26, a P/E/G ratio of 1.59 and a beta of 1.23.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. As a group, analysts anticipate that Johnson Controls International will post 3.61 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Monday, March 25th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date was Friday, March 22nd. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of JCI. Turtle Creek Wealth Advisors LLC bought a new position in Johnson Controls International during the fourth quarter worth $25,000. Rise Advisors LLC bought a new position in shares of Johnson Controls International in the first quarter valued at $25,000. NBC Securities Inc. bought a new position in shares of Johnson Controls International in the third quarter valued at $26,000. EdgeRock Capital LLC bought a new position in shares of Johnson Controls International in the fourth quarter valued at $27,000. Finally, Hexagon Capital Partners LLC lifted its stake in shares of Johnson Controls International by 114.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock valued at $29,000 after buying an additional 268 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

About Johnson Controls International

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.