Johnson Controls International (NYSE:JCI) Price Target Raised to $95.00

Johnson Controls International (NYSE:JCI) had its price objective boosted by analysts at Bank of America from $80.00 to $95.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s target price would indicate a potential upside of 22.96% from the company’s previous close.

A number of other analysts also recently issued reports on the stock. Barclays dropped their price objective on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Robert W. Baird upped their price objective on Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Oppenheimer raised their price objective on Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a report on Thursday, June 27th. Wells Fargo & Company upped their target price on Johnson Controls International from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Morgan Stanley started coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They set an “overweight” rating and a $85.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $71.29.

Johnson Controls International Price Performance

Shares of JCI stock traded up $0.72 during trading hours on Friday, reaching $77.26. The stock had a trading volume of 1,365,655 shares, compared to its average volume of 5,178,724. The firm has a market capitalization of $51.61 billion, a PE ratio of 31.27, a PEG ratio of 1.99 and a beta of 1.29. Johnson Controls International has a 12 month low of $47.90 and a 12 month high of $77.71. The stock’s fifty day simple moving average is $70.39 and its 200 day simple moving average is $68.15. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.08 by $0.06. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The company had revenue of $7.23 billion during the quarter, compared to analyst estimates of $7.53 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. Johnson Controls International’s revenue was up 1.4% on a year-over-year basis. On average, equities research analysts predict that Johnson Controls International will post 3.67 EPS for the current year.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $66.01, for a total value of $77,033.67. Following the completion of the sale, the chief operating officer now owns 104,556 shares in the company, valued at approximately $6,901,741.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at $90,383,385.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $66.01, for a total transaction of $77,033.67. Following the completion of the sale, the chief operating officer now owns 104,556 shares of the company’s stock, valued at $6,901,741.56. The disclosure for this sale can be found here. Insiders have sold a total of 115,046 shares of company stock worth $8,347,562 in the last 90 days. Company insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Johnson Controls International by 17.3% during the fourth quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock valued at $4,114,756,000 after purchasing an additional 10,522,009 shares in the last quarter. Capital World Investors grew its position in shares of Johnson Controls International by 85.5% in the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock worth $923,804,000 after buying an additional 6,520,580 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Johnson Controls International by 686.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock worth $295,487,000 after buying an additional 3,880,146 shares during the period. Clean Energy Transition LLP bought a new position in shares of Johnson Controls International in the 4th quarter worth about $124,553,000. Finally, M&G Plc purchased a new position in Johnson Controls International during the 1st quarter valued at about $120,948,000. 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.