Oppenheimer Boosts Johnson Controls International (NYSE:JCI) Price Target to $96.00

Johnson Controls International (NYSE:JCI) had its price objective upped by Oppenheimer from $90.00 to $96.00 in a report released on Thursday, MarketBeat reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price target suggests a potential upside of 4.39% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Melius lowered Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target on the stock. in a research report on Tuesday, January 28th. JPMorgan Chase & Co. decreased their target price on shares of Johnson Controls International from $100.00 to $81.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Citigroup lowered their price target on shares of Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Royal Bank of Canada raised their price target on shares of Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Finally, UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and upped their price objective for the company from $90.00 to $103.00 in a research note on Monday, February 10th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $92.94.

Johnson Controls International Trading Up 0.8 %

Shares of JCI opened at $91.96 on Thursday. Johnson Controls International has a fifty-two week low of $64.31 and a fifty-two week high of $92.41. The firm has a market cap of $60.71 billion, a price-to-earnings ratio of 35.10, a PEG ratio of 1.96 and a beta of 1.28. The firm has a 50 day moving average price of $80.63 and a 200-day moving average price of $81.57. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, equities research analysts forecast that Johnson Controls International will post 3.64 earnings per share for the current year.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total value of $113,361.84. Following the sale, the vice president now owns 145,502 shares in the company, valued at approximately $11,599,419.44. This represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Oliver sold 162,894 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $89.28, for a total transaction of $14,543,176.32. Following the transaction, the chief executive officer now directly owns 1,203,893 shares of the company’s stock, valued at $107,483,567.04. This represents a 11.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 728,458 shares of company stock valued at $62,293,059. 0.54% of the stock is currently owned by company insiders.

Institutional Trading of Johnson Controls International

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Johnson Controls International by 0.4% in the first quarter. Vanguard Group Inc. now owns 68,444,686 shares of the company’s stock worth $5,483,104,000 after acquiring an additional 288,576 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Johnson Controls International by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company’s stock worth $1,842,571,000 after purchasing an additional 1,325,500 shares during the last quarter. Invesco Ltd. raised its position in shares of Johnson Controls International by 13.2% in the 4th quarter. Invesco Ltd. now owns 18,407,597 shares of the company’s stock worth $1,452,912,000 after purchasing an additional 2,150,573 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Johnson Controls International by 2.9% in the 4th quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company’s stock worth $1,242,597,000 after purchasing an additional 447,513 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Johnson Controls International by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 13,818,777 shares of the company’s stock valued at $1,087,670,000 after purchasing an additional 343,517 shares during the last quarter. Hedge funds and other 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.