Barclays Forecasts Strong Price Appreciation for Johnson Controls International (NYSE:JCI) Stock

Johnson Controls International (NYSE:JCI) had its price target lifted by analysts at Barclays from $75.00 to $83.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential downside of 1.59% from the stock’s current price.

Several other brokerages have also issued reports on JCI. Oppenheimer lifted their price target on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Robert W. Baird lifted their target price on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Bank of America boosted their target price on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Wells Fargo & Company raised their price target on shares of Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada upped their price objective on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $78.57.

Johnson Controls International Stock Up 1.5 %

JCI stock opened at $84.35 on Thursday. The company has a 50 day moving average of $79.77 and a two-hundred day moving average of $73.44. The company has a market cap of $55.85 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 2.30 and a beta of 1.31. Johnson Controls International has a 12-month low of $51.70 and a 12-month high of $87.16. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.

Insider Transactions at Johnson Controls International

In related news, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the transaction, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at $10,828,815.04. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at $95,507,639.29. This represents a 8.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 740,662 shares of company stock worth $59,869,133. Insiders own 0.69% of the company’s stock.

Institutional Trading of Johnson Controls International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cetera Advisors LLC grew its holdings in shares of Johnson Controls International by 174.9% in the 1st quarter. Cetera Advisors LLC now owns 15,671 shares of the company’s stock worth $1,024,000 after purchasing an additional 9,971 shares during the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Johnson Controls International during the second quarter worth approximately $351,000. Capital Investment Advisors LLC increased its holdings in shares of Johnson Controls International by 41.8% during the second quarter. Capital Investment Advisors LLC now owns 4,986 shares of the company’s stock worth $331,000 after buying an additional 1,471 shares in the last quarter. Sax Wealth Advisors LLC bought a new position in shares of Johnson Controls International in the second quarter valued at approximately $431,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Johnson Controls International in the 2nd quarter worth approximately $214,000. 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.