Johnson Controls International (NYSE:JCI) Stock Price Expected to Rise, Barclays Analyst Says

Johnson Controls International (NYSE:JCI) had its target price hoisted by analysts at Barclays from $85.00 to $90.00 in a research note issued on Wednesday, Marketbeat.com reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential downside of 6.88% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft raised Johnson Controls International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $101.00 to $112.00 in a report on Monday. Robert W. Baird boosted their target price on Johnson Controls International from $84.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. UBS Group raised Johnson Controls International from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $90.00 to $103.00 in a report on Monday, February 10th. Morgan Stanley boosted their target price on Johnson Controls International from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Finally, Royal Bank of Canada boosted their target price on Johnson Controls International from $82.00 to $98.00 and gave the stock a “sector perform” rating in a report on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.35.

Johnson Controls International Price Performance

Shares of JCI stock opened at $96.65 on Wednesday. The stock has a market cap of $63.60 billion, a price-to-earnings ratio of 36.89, a PEG ratio of 1.96 and a beta of 1.28. The business’s fifty day moving average is $81.89 and its 200 day moving average is $82.10. Johnson Controls International has a twelve month low of $64.31 and a twelve month high of $97.11. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The business had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. Research analysts expect that Johnson Controls International will post 3.64 EPS for the current fiscal year.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the company’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $86.91, for a total value of $123,586.02. Following the completion of the sale, the vice president now owns 144,704 shares in the company, valued at $12,576,224.64. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director George Oliver sold 100,000 shares of the company’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $91.70, for a total value of $9,170,000.00. Following the completion of the sale, the director now owns 904,305 shares of the company’s stock, valued at approximately $82,924,768.50. The trade was a 9.96% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 460,396 shares of company stock valued at $38,645,569. 0.54% of the stock is owned by company insiders.

Institutional Trading of Johnson Controls International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Truvestments Capital LLC increased its position in Johnson Controls International by 425.0% in the first quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock worth $25,000 after buying an additional 255 shares in the last quarter. Accent Capital Management LLC purchased a new stake in Johnson Controls International in the first quarter worth about $26,000. Compass Financial Services Inc purchased a new stake in shares of Johnson Controls International during the fourth quarter worth about $26,000. Cornerstone Planning Group LLC grew its position in shares of Johnson Controls International by 74.5% during the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock worth $28,000 after purchasing an additional 155 shares in the last quarter. Finally, Activest Wealth Management grew its position in shares of Johnson Controls International by 56.4% during the first quarter. Activest Wealth Management now owns 369 shares of the company’s stock worth $30,000 after purchasing an additional 133 shares in the last quarter. Hedge funds and other 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.