Johnson Controls International (NYSE:JCI) Stock Price Expected to Rise, Citigroup Analyst Says

Johnson Controls International (NYSE:JCI) had its price objective lifted by Citigroup from $157.00 to $170.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s target price suggests a potential upside of 9.41% from the company’s previous close.

Several other brokerages have also issued reports on JCI. Wall Street Zen lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Zacks Research downgraded Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Wells Fargo & Company began coverage on Johnson Controls International in a research note on Thursday, September 24th. They set an “overweight” rating and a $186.00 price objective on the stock. Argus set a $175.00 target price on Johnson Controls International in a report on Friday, August 7th. Finally, The Goldman Sachs Group boosted their target price on Johnson Controls International from $186.00 to $191.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.67.

Johnson Controls International Trading Down 1.3%

NYSE:JCI traded down $2.06 during trading hours on Monday, hitting $155.38. The stock had a trading volume of 2,820,643 shares, compared to its average volume of 4,118,377. Johnson Controls International has a one year low of $104.49 and a one year high of $160.41. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00. The company has a market cap of $94.12 billion, a price-to-earnings ratio of 27.02, a P/E/G ratio of 1.17 and a beta of 1.27. The business’s 50 day moving average is $147.45 and its 200-day moving average is $143.12.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Thursday, July 30th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.12. The company had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the business posted $1.05 earnings per share. Sell-side analysts anticipate that Johnson Controls International will post 5.08 EPS for the current fiscal year.

Insider Buying and Selling

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the sale, the vice president directly owned 15,017 shares in the company, valued at approximately $2,298,652.19. This trade represents a 60.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JCI. State Street Corp lifted its position in Johnson Controls International by 2.2% in the 2nd quarter. State Street Corp now owns 28,283,873 shares of the company’s stock valued at $4,143,674,000 after acquiring an additional 621,319 shares in the last quarter. Invesco Ltd. boosted its stake in Johnson Controls International by 13.0% in the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock worth $1,916,417,000 after purchasing an additional 1,837,220 shares during the period. Amundi boosted its stake in Johnson Controls International by 157.2% in the 1st quarter. Amundi now owns 5,965,212 shares of the company’s stock worth $781,145,000 after purchasing an additional 3,646,047 shares during the period. First Trust Advisors LP increased its holdings in Johnson Controls International by 28.3% during the 1st quarter. First Trust Advisors LP now owns 5,761,677 shares of the company’s stock worth $754,492,000 after purchasing an additional 1,270,849 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in Johnson Controls International by 0.9% during the 2nd quarter. Pictet Asset Management Holding SA now owns 2,331,718 shares of the company’s stock worth $340,501,000 after purchasing an additional 20,780 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Company Profile

Johnson Controls International plc (NYSE: JCI) is a global provider of building technology, products and services. The company helps commercial, institutional and industrial customers improve building performance, energy efficiency, safety and occupant comfort through integrated solutions.

Its offerings include heating, ventilation and air-conditioning systems; building automation and controls; fire detection and suppression equipment; security systems; energy management technologies; and related service, maintenance and digital solutions.