Johnson Controls International (NYSE:JCI) Price Target Raised to $98.00

Johnson Controls International (NYSE:JCI) had its price target upped by investment analysts at JPMorgan Chase & Co. from $81.00 to $98.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 0.11% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $101.00 to $112.00 in a report on Monday, May 12th. Royal Bank of Canada boosted their price objective on shares of Johnson Controls International from $82.00 to $98.00 and gave the stock a “sector perform” rating in a report on Thursday, May 8th. Oppenheimer boosted their price objective on shares of Johnson Controls International from $90.00 to $96.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Wells Fargo & Company boosted their price objective on shares of Johnson Controls International from $82.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Finally, Barclays boosted their price objective on shares of Johnson Controls International from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $95.35.

Johnson Controls International Stock Performance

Shares of JCI opened at $97.89 on Friday. The company has a market capitalization of $64.42 billion, a PE ratio of 37.36, a price-to-earnings-growth ratio of 1.96 and a beta of 1.28. Johnson Controls International has a one year low of $64.31 and a one year high of $97.95. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The company’s fifty day moving average price is $82.31 and its 200 day moving average price is $82.28.

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

Insider Activity

In other Johnson Controls International news, CEO George Oliver sold 129,263 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $83.55, for a total value of $10,799,923.65. Following the transaction, the chief executive officer now directly owns 1,203,893 shares in the company, valued at $100,585,260.15. The trade was a 9.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the business’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $86.91, for a total transaction of $123,586.02. Following the completion of the transaction, the vice president now owns 144,704 shares in the company, valued at approximately $12,576,224.64. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 460,396 shares of company stock worth $38,645,569. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JCI. Truvestments Capital LLC boosted 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 valued at $25,000 after buying an additional 255 shares in the last quarter. Compass Financial Services Inc bought a new position in shares of Johnson Controls International in the fourth quarter worth about $26,000. Accent Capital Management LLC bought a new position in shares of Johnson Controls International in the first quarter worth about $26,000. Cornerstone Planning Group LLC raised its stake in shares of Johnson Controls International by 74.5% in the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock worth $28,000 after acquiring an additional 155 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Johnson Controls International in the fourth quarter worth about $29,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.