Johnson Controls International (NYSE:JCI) PT Raised to $64.00 at Barclays

Johnson Controls International (NYSE:JCI) had its price objective increased by equities researchers at Barclays from $62.00 to $64.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential downside of 15.22% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Robert W. Baird increased their price target on shares of Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Bank of America lifted their price target on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Morgan Stanley began coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective for the company. Royal Bank of Canada upgraded Johnson Controls International from an “underperform” rating to a “sector perform” rating and lifted their target price for the stock from $61.00 to $69.00 in a research report on Wednesday, August 14th. Finally, The Goldman Sachs Group upped their target price on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Johnson Controls International presently has a consensus rating of “Hold” and an average target price of $72.21.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $75.49 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The company has a fifty day simple moving average of $71.21 and a 200-day simple moving average of $68.65. The stock has a market cap of $50.43 billion, a P/E ratio of 30.56, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. Johnson Controls International has a 12-month low of $47.90 and a 12-month high of $78.23.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $7.53 billion. During the same period in the previous year, the business earned $1.03 EPS. Johnson Controls International’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities analysts expect that Johnson Controls International will post 3.67 EPS for the current fiscal year.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the transaction, the chief operating officer now owns 143,488 shares in the company, valued at approximately $10,438,752. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total value of $84,899.25. Following the sale, the chief operating officer now owns 143,488 shares of the company’s stock, valued at $10,438,752. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the transaction, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at $10,828,815.04. The disclosure for this sale can be found here. Insiders have sold a total of 116,879 shares of company stock worth $8,503,656 in the last three months. Insiders own 0.69% of the company’s stock.

Institutional Trading of Johnson Controls International

Several hedge funds have recently modified their holdings of the business. Rise Advisors LLC purchased a new position in Johnson Controls International in the first quarter worth $25,000. Continuum Advisory LLC grew its stake in shares of Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares during the period. Hexagon Capital Partners LLC increased its holdings in shares of Johnson Controls International by 39.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock valued at $47,000 after purchasing an additional 202 shares in the last quarter. Friedenthal Financial acquired a new stake in shares of Johnson Controls International in the second quarter valued at about $47,000. Finally, Centerpoint Advisors LLC boosted its holdings in Johnson Controls International by 126.8% during the first quarter. Centerpoint Advisors LLC now owns 737 shares of the company’s stock worth $48,000 after buying an additional 412 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

About Johnson Controls International

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.