Wells Fargo & Company Forecasts Strong Price Appreciation for Johnson Controls International (NYSE:JCI) Stock

Johnson Controls International (NYSE:JCI) had its price objective increased by equities research analysts at Wells Fargo & Company from $92.00 to $98.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 11.67% from the company’s previous close.

A number of other research analysts also recently commented on the stock. Morgan Stanley upped their price objective on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday. UBS Group assumed coverage on shares of Johnson Controls International in a research note on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price target on the stock. 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 report on Thursday, November 7th. Royal Bank of Canada boosted their price target on Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Finally, Mizuho raised their price objective on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $90.27.

Johnson Controls International Stock Down 0.3 %

Shares of NYSE:JCI opened at $87.76 on Thursday. The company has a market capitalization of $57.93 billion, a P/E ratio of 34.55, a P/E/G ratio of 2.24 and a beta of 1.32. The stock’s fifty day simple moving average is $80.85 and its 200-day simple moving average is $76.84. Johnson Controls International has a 52-week low of $54.07 and a 52-week high of $88.90. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.49% and a return on equity of 14.51%. As a group, equities research analysts forecast that Johnson Controls International will post 3.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 1,950 shares of Johnson Controls International stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $87.73, for a total transaction of $171,073.50. Following the sale, the vice president now owns 24,803 shares of the company’s stock, valued at approximately $2,175,967.19. The trade was a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO George Oliver sold 205,168 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $88.03, for a total value of $18,060,939.04. Following the completion of the transaction, the chief executive officer now directly owns 1,260,527 shares of the company’s stock, valued at $110,964,191.81. This trade represents a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 856,326 shares of company stock worth $72,313,086. 0.54% of the stock is owned by insiders.

Institutional Investors Weigh In On Johnson Controls International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp increased its stake in Johnson Controls International by 1.1% during the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company’s stock valued at $2,178,595,000 after buying an additional 300,712 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Johnson Controls International by 2.9% in the fourth quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company’s stock valued at $1,242,597,000 after acquiring an additional 447,513 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Johnson Controls International by 0.5% in the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock valued at $1,041,822,000 after acquiring an additional 71,493 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Johnson Controls International during the fourth quarter valued at approximately $568,309,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Johnson Controls International by 514.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock worth $418,439,000 after purchasing an additional 4,514,792 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

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.