Royal Bank of Canada Boosts Johnson Controls International (NYSE:JCI) Price Target to $98.00

Johnson Controls International (NYSE:JCI) had its target price boosted by equities researchers at Royal Bank of Canada from $82.00 to $98.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 6.57% from the company’s current price.

Several other research firms have also issued reports on JCI. Vertical Research raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research report on Thursday. UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and increased their target price for the stock from $90.00 to $103.00 in a research report on Monday, February 10th. Morgan Stanley lifted their price target on Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Oppenheimer increased their price objective on Johnson Controls International from $90.00 to $96.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Melius Research reaffirmed a “hold” rating and set a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Johnson Controls International currently has an average rating of “Moderate Buy” and a consensus target price of $92.94.

Johnson Controls International Trading Up 0.8 %

NYSE:JCI opened at $91.96 on Thursday. Johnson Controls International has a 12 month low of $64.31 and a 12 month high of $92.41. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The firm’s 50 day moving average is $80.63 and its 200 day moving average is $81.57. The stock has a market capitalization of $60.71 billion, a PE ratio of 35.10, a price-to-earnings-growth ratio of 1.96 and a beta of 1.28.

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 return on equity of 15.11% and a net margin of 6.83%. The company had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the prior year, the company earned $0.78 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. Sell-side analysts expect that Johnson Controls International will post 3.64 earnings per share for the current year.

Insiders Place Their Bets

In other Johnson Controls International news, CEO George Oliver sold 205,168 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $89.07, for a total transaction of $18,274,313.76. Following the completion of the sale, the chief executive officer now directly owns 1,260,527 shares in the company, valued at $112,275,139.89. This represents a 14.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total value of $113,361.84. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 728,458 shares of company stock valued at $62,293,059 over the last quarter. 0.54% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in JCI. Compass Financial Services Inc purchased a new position in shares of Johnson Controls International in the fourth quarter valued at about $26,000. Accent Capital Management LLC purchased a new position in Johnson Controls International during the 1st quarter valued at about $26,000. Cornerstone Planning Group LLC raised its position in Johnson Controls International by 74.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock valued at $28,000 after purchasing an additional 155 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Johnson Controls International in the 4th quarter worth approximately $29,000. Finally, Community Bank N.A. purchased a new stake in Johnson Controls International in the 1st quarter worth approximately $32,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

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.