Johnson Controls International (NYSE:JCI) Price Target Raised to $87.00

Johnson Controls International (NYSE:JCI) had its price target hoisted by equities research analysts at Oppenheimer from $86.00 to $87.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s target price would indicate a potential upside of 6.18% from the stock’s previous close.

Several other analysts also recently commented on JCI. Bank of America upped their price objective on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Mizuho increased their target price on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. StockNews.com raised Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Monday. Robert W. Baird increased their target price on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, The Goldman Sachs Group increased their target price on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Johnson Controls International currently has a consensus rating of “Hold” and a consensus target price of $75.64.

Johnson Controls International Stock Up 0.6 %

NYSE:JCI traded up $0.47 during midday trading on Thursday, reaching $81.94. The company had a trading volume of 3,402,879 shares, compared to its average volume of 4,945,242. The firm has a market capitalization of $54.74 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 2.12 and a beta of 1.29. 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 stock’s fifty day simple moving average is $74.87 and its 200-day simple moving average is $70.72. Johnson Controls International has a 12-month low of $50.00 and a 12-month high of $82.21.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.03. The company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $7.26 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. On average, sell-side analysts anticipate that Johnson Controls International will post 3.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total value of $8,494,125.85. Following the completion of the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $95,507,639.29. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the transaction, the chief operating officer now owns 140,488 shares in the company, valued at $10,828,815.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO George Oliver sold 110,615 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total value of $8,494,125.85. Following the completion of the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at $95,507,639.29. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 226,141 shares of company stock worth $16,904,519. Corporate insiders own 0.69% of the company’s stock.

Institutional Trading of Johnson Controls International

Institutional investors have recently added to or reduced their stakes in the business. Fortitude Family Office LLC lifted its stake in shares of Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after buying an additional 278 shares during the last quarter. Continuum Advisory LLC lifted its stake in shares of Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after buying an additional 208 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in shares of Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after buying an additional 430 shares during the last quarter. Western Pacific Wealth Management LP acquired a new stake in shares of Johnson Controls International in the third quarter worth $44,000. Finally, Hexagon Capital Partners LLC lifted its stake in shares of Johnson Controls International by 39.7% in the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after buying an additional 202 shares during the last quarter. 90.05% of the stock is currently 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.