Johnson Controls International (NYSE:JCI) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Johnson Controls International (NYSE:JCI) had its target price increased by investment analysts at Royal Bank of Canada from $86.00 to $93.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 5.97% from the stock’s previous close.

Several other brokerages have also commented on JCI. Barclays raised their price objective on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Friday, December 20th. UBS Group began coverage on Johnson Controls International in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price target on the stock. Melius lowered Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective for the company. in a research report on Tuesday, January 28th. Finally, Oppenheimer upped their target price on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $90.27.

Johnson Controls International Price Performance

Shares of JCI stock opened at $87.76 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The firm has a market cap of $57.93 billion, a P/E ratio of 34.55, a P/E/G ratio of 2.24 and a beta of 1.32. The business’s 50 day moving average price is $80.85 and its 200-day moving average price is $76.84. Johnson Controls International has a fifty-two week low of $54.07 and a fifty-two week high of $88.90.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.49% and a return on equity of 14.51%. On average, equities research analysts anticipate that Johnson Controls International will post 3.45 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO George Oliver sold 224,152 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total value of $18,541,853.44. Following the completion of the transaction, the chief executive officer now owns 1,166,992 shares in the company, valued at $96,533,578.24. The trade was a 16.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the sale, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 856,326 shares of company stock worth $72,313,086 in the last three months. Insiders own 0.54% of the company’s stock.

Institutional Trading of Johnson Controls International

Large investors have recently made changes to their positions in the stock. State Street Corp boosted its holdings in Johnson Controls International by 1.1% in the third quarter. State Street Corp now owns 27,939,766 shares of the company’s stock worth $2,178,595,000 after purchasing an additional 300,712 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Johnson Controls International by 2.9% during the 4th quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company’s stock valued at $1,242,597,000 after buying an additional 447,513 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Johnson Controls International by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock valued at $1,041,822,000 after buying an additional 71,493 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Johnson Controls International in the 4th quarter worth $568,309,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Johnson Controls International by 514.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock worth $418,439,000 after acquiring an additional 4,514,792 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Company Profile

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.