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

Johnson Controls International (NYSE:JCI) had its price target increased by analysts at Citigroup from $157.00 to $170.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective would suggest a potential upside of 9.41% from the stock’s previous close.

JCI has been the subject of a number of other reports. Royal Bank Of Canada upped their target price on Johnson Controls International from $154.00 to $161.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Argus set a $175.00 price target on shares of Johnson Controls International in a research note on Friday, August 7th. The Goldman Sachs Group boosted their price target on shares of Johnson Controls International from $186.00 to $191.00 and gave the company a “buy” rating in a report on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Johnson Controls International from $180.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, September 30th. Finally, Wells Fargo & Company initiated coverage on shares of Johnson Controls International in a research note on Thursday, September 24th. They issued an “overweight” rating and a $186.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $161.67.

Johnson Controls International Stock Performance

JCI traded down $2.06 on Monday, hitting $155.38. 2,820,643 shares of the stock traded hands, compared to its average volume of 4,118,377. Johnson Controls International has a 52 week low of $104.49 and a 52 week high of $160.41. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $94.12 billion, a PE ratio of 27.02, a P/E/G ratio of 1.17 and a beta of 1.27. The business has a fifty day moving average price of $147.45 and a two-hundred day moving average price of $143.12.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.30 by $0.12. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%. The firm had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, research analysts predict that Johnson Controls International will post 5.08 EPS for the current fiscal year.

Insider Activity at Johnson Controls International

In related news, VP Lei Schlitz sold 23,417 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the sale, the vice president owned 15,017 shares of the company’s stock, valued at $2,298,652.19. The trade was a 60.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.29% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Dupree Financial Group LLC increased its holdings in Johnson Controls International by 1.2% in the third quarter. Dupree Financial Group LLC now owns 28,856 shares of the company’s stock valued at $4,289,000 after purchasing an additional 338 shares during the last quarter. Prism Advisors Inc. bought a new position in Johnson Controls International during the third quarter worth about $209,000. Riversedge Advisors LLC boosted its holdings in Johnson Controls International by 9.0% during the third quarter. Riversedge Advisors LLC now owns 2,623 shares of the company’s stock worth $390,000 after buying an additional 217 shares during the last quarter. Wedmont Private Capital boosted its holdings in Johnson Controls International by 6.7% during the third quarter. Wedmont Private Capital now owns 10,862 shares of the company’s stock worth $1,673,000 after buying an additional 680 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Johnson Controls International by 6.1% during the 3rd quarter. GAMMA Investing LLC now owns 23,998 shares of the company’s stock worth $3,567,000 after buying an additional 1,374 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Company Profile

Johnson Controls International plc (NYSE: JCI) is a global provider of building technology, products and services. The company helps commercial, institutional and industrial customers improve building performance, energy efficiency, safety and occupant comfort through integrated solutions.

Its offerings include heating, ventilation and air-conditioning systems; building automation and controls; fire detection and suppression equipment; security systems; energy management technologies; and related service, maintenance and digital solutions.