Johnson Controls International (NYSE:JCI) Price Target Raised to $90.00 at Barclays

Johnson Controls International (NYSE:JCI) had its price objective increased by investment analysts at Barclays from $85.00 to $90.00 in a report released on Wednesday, Marketbeat reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential downside of 6.88% from the stock’s previous close.

JCI has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft raised Johnson Controls International from a “hold” rating to a “buy” rating and increased their price target for the company from $101.00 to $112.00 in a research note on Monday. Melius Research reissued a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a research note on Tuesday, January 28th. Vertical Research raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a research note on Thursday, May 8th. Morgan Stanley increased their price target on Johnson Controls International from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Finally, Oppenheimer increased their price target on Johnson Controls International from $90.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International currently has an average rating of “Moderate Buy” and an average price target of $94.35.

Johnson Controls International Stock Performance

NYSE:JCI opened at $96.65 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. Johnson Controls International has a 12-month low of $64.31 and a 12-month high of $97.11. The stock has a 50-day moving average price of $81.89 and a 200 day moving average price of $82.10. The stock has a market capitalization of $63.60 billion, a P/E ratio of 36.89, a P/E/G ratio of 1.96 and a beta of 1.28.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) 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 firm had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter last year, the business posted $0.78 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. Equities research analysts forecast that Johnson Controls International will post 3.64 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director George Oliver sold 184,331 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $79.49, for a total transaction of $14,652,471.19. Following the completion of the sale, the director now directly owns 1,019,562 shares of the company’s stock, valued at approximately $81,044,983.38. This trade represents a 15.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $86.91, for a total value of $123,586.02. Following the sale, the vice president now directly owns 144,704 shares of the company’s stock, valued at $12,576,224.64. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 460,396 shares of company stock valued at $38,645,569. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of JCI. Truvestments Capital LLC increased its holdings in Johnson Controls International by 425.0% during the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock worth $25,000 after purchasing an additional 255 shares during the period. Compass Financial Services Inc purchased a new position in Johnson Controls International during the 4th quarter worth $26,000. Accent Capital Management LLC purchased a new position in Johnson Controls International during the 1st quarter worth $26,000. Cornerstone Planning Group LLC increased its holdings in Johnson Controls International by 74.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock worth $28,000 after purchasing an additional 155 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in Johnson Controls International during the 4th quarter worth $29,000. 90.05% of the stock is currently 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.