Johnson Controls International (NYSE:JCI) PT Raised to $86.00 at Oppenheimer

Johnson Controls International (NYSE:JCI) had its price objective lifted by equities researchers at Oppenheimer from $79.00 to $86.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price objective would suggest a potential upside of 12.82% from the stock’s current price.

A number of other research firms have also weighed in on JCI. Barclays reduced their target price on Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. The Goldman Sachs Group lifted their target price 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. Bank of America increased their price target on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. StockNews.com upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company raised their price target on Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $72.00.

Johnson Controls International Stock Performance

Shares of JCI stock traded down $0.58 during trading on Wednesday, reaching $76.23. 128,756 shares of the company’s stock traded hands, compared to its average volume of 5,158,557. The firm’s 50-day moving average is $70.86 and its 200 day moving average is $68.55. The company has a market capitalization of $50.92 billion, a P/E ratio of 31.04, a PEG ratio of 2.03 and a beta of 1.29. Johnson Controls International has a 1 year low of $47.90 and a 1 year high of $78.23. 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 (NYSE:JCI) last posted its earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.06. The firm had revenue of $7.23 billion for the quarter, compared to the consensus estimate of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.03 earnings per share. Equities research analysts expect that Johnson Controls International will post 3.67 EPS for the current year.

Insider Activity at Johnson Controls International

In other news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $70.71, for a total transaction of $82,518.57. Following the sale, the chief operating officer now owns 103,866 shares of the company’s stock, valued at approximately $7,344,364.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $70.71, for a total value of $82,518.57. Following the completion of the transaction, the chief operating officer now owns 103,866 shares in the company, valued at $7,344,364.86. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was 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 directly owns 1,243,751 shares in the company, valued at $90,383,385.17. The disclosure for this sale can be found here. Insiders sold a total of 113,693 shares of company stock worth $8,258,225 over the last quarter. 0.69% of the stock is owned by corporate insiders.

Institutional Trading of Johnson Controls International

Hedge funds have recently made changes to their positions in the stock. Rise Advisors LLC bought a new position in Johnson Controls International during the 1st quarter valued at approximately $25,000. Continuum Advisory LLC grew its stake in shares of Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after acquiring an additional 208 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of Johnson Controls International by 39.7% during the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock valued at $47,000 after acquiring an additional 202 shares in the last quarter. Friedenthal Financial purchased a new position in shares of Johnson Controls International in the 2nd quarter worth about $47,000. Finally, Centerpoint Advisors LLC boosted its stake in Johnson Controls International by 126.8% in the 1st quarter. Centerpoint Advisors LLC now owns 737 shares of the company’s stock worth $48,000 after purchasing an additional 412 shares in the last quarter. 90.05% of the stock is owned by 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.