Barclays Raises Johnson Controls International (NYSE:JCI) Price Target to $64.00

Johnson Controls International (NYSE:JCI) had its price objective lifted by equities researchers at Barclays from $62.00 to $64.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential downside of 16.51% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Wells Fargo & Company lifted their price objective on shares of Johnson Controls International from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Morgan Stanley assumed coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They set an “overweight” rating and a $85.00 price target on the stock. Oppenheimer upped their price objective on shares of Johnson Controls International from $79.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday. Robert W. Baird upped their target price on shares of Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group increased their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $72.21.

Johnson Controls International Stock Performance

Shares of NYSE:JCI traded down $0.15 during trading on Wednesday, reaching $76.66. 983,970 shares of the stock were exchanged, compared to its average volume of 5,163,058. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. Johnson Controls International has a 12 month low of $47.90 and a 12 month high of $78.23. The stock has a 50-day moving average price of $70.86 and a 200-day moving average price of $68.55. The firm has a market cap of $51.21 billion, a PE ratio of 30.98, a PEG ratio of 2.03 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The business had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.53 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. Research analysts expect that Johnson Controls International will post 3.67 EPS for the current fiscal year.

Insider Activity at Johnson Controls International

In other news, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $70.71, for a total transaction of $82,518.57. Following the transaction, the chief operating officer now owns 103,866 shares of the company’s stock, valued at approximately $7,344,364.86. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. The disclosure for this sale can be found here. Over the last three months, insiders have sold 113,693 shares of company stock worth $8,258,225. Corporate insiders own 0.69% of the company’s stock.

Institutional Trading of Johnson Controls International

Several hedge funds and other institutional investors have recently bought and sold shares of JCI. Greater Midwest Financial Group LLC acquired a new stake in shares of Johnson Controls International in the second quarter valued at $1,237,000. Heritage Wealth Management Inc. acquired a new stake in shares of Johnson Controls International in the second quarter valued at $710,000. Sanctuary Advisors LLC purchased a new position in Johnson Controls International in the second quarter valued at $6,754,000. New Century Financial Group LLC purchased a new position in Johnson Controls International in the second quarter valued at $229,000. Finally, Cetera Investment Advisers boosted its holdings in Johnson Controls International by 11.5% in the second quarter. Cetera Investment Advisers now owns 176,069 shares of the company’s stock valued at $11,703,000 after purchasing an additional 18,089 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

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.