Johnson Controls International (NYSE:JCI) Now Covered by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase initiated coverage of Johnson Controls with a neutral rating and a $160 price target, implying 11.47% upside from the prior close. Analysts overall have a consensus “Hold” rating and an average target of $166.76.
• Johnson Controls beat quarterly expectations, reporting adjusted earnings of $1.66 per share versus $1.59 expected and revenue of $7.11 billion versus $7.04 billion expected. Revenue rose 10.4% year over year.
• Director Juergen Tinggren sold 4,000 shares at an average price of $159.19, reducing his holdings by 12.81%; company insiders own 0.29% of shares.

JPMorgan Chase & Co. started coverage on shares of Johnson Controls International (NYSE:JCI - Get Free Report) in a research report issued on Wednesday. The firm set a "neutral" rating and a $160.00 price target on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 11.47% from the company's previous close.

A number of other equities research analysts also recently commented on JCI. Deutsche Bank Aktiengesellschaft decreased their target price on Johnson Controls International from $180.00 to $178.00 and set a "buy" rating on the stock in a research report on Wednesday, September 30th. Bank of America raised their price target on Johnson Controls International from $152.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, October 8th. Zacks Research cut Johnson Controls International from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 6th. Citigroup lifted their price objective on Johnson Controls International from $170.00 to $172.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 28th. Finally, Wells Fargo & Company upped their price objective on Johnson Controls International from $186.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Johnson Controls International has a consensus rating of "Hold" and an average price target of $166.76.

Johnson Controls International Price Performance

JCI traded up $2.41 during trading on Wednesday, hitting $143.53. 341,553 shares of the company traded hands, compared to its average volume of 4,176,674. The company has a market cap of $86.94 billion, a PE ratio of 30.68, a P/E/G ratio of 1.31 and a beta of 1.27. The stock's 50-day simple moving average is $147.21 and its two-hundred day simple moving average is $141.73. Johnson Controls International has a 1 year low of $108.41 and a 1 year high of $160.41. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.55.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.59 by $0.07. Johnson Controls International had a net margin of 11.12% and a return on equity of 23.38%. The business had revenue of $7.11 billion for the quarter, compared to analysts' expectations of $7.04 billion. During the same quarter in the previous year, the company earned $1.26 EPS. The business's quarterly revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Johnson Controls International will post 6.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Juergen Tinggren sold 4,000 shares of Johnson Controls International stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total value of $636,760.00. Following the completion of the transaction, the director owned 27,236 shares in the company, valued at approximately $4,335,698.84. This trade represents a 12.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company's stock.

Institutional Investors Weigh In On Johnson Controls International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of Johnson Controls International by 2.2% in the 2nd quarter. State Street Corp now owns 28,283,873 shares of the company's stock worth $4,143,674,000 after purchasing an additional 621,319 shares during the period. Fisher Asset Management LLC raised its holdings in Johnson Controls International by 1.6% during the 3rd quarter. Fisher Asset Management LLC now owns 10,936,713 shares of the company's stock valued at $1,625,742,000 after buying an additional 167,415 shares during the period. Amundi raised its holdings in Johnson Controls International by 157.2% during the 1st quarter. Amundi now owns 5,965,212 shares of the company's stock valued at $781,145,000 after buying an additional 3,646,047 shares during the period. First Trust Advisors LP raised 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 valued at $754,492,000 after buying an additional 1,270,849 shares during the period. Finally, Pictet Asset Management Holding SA lifted its position in Johnson Controls International by 0.9% in the second quarter. Pictet Asset Management Holding SA now owns 2,331,718 shares of the company's stock worth $340,501,000 after buying an additional 20,780 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Company Profile

Johnson Controls International plc develops building technologies, products and services for commercial, industrial and institutional customers. Its offerings include heating, ventilation and air conditioning (HVAC) equipment, building automation and controls, fire detection and suppression systems, and security solutions. The company also provides maintenance, modernization and other services to help customers manage building operations. Its products and services support facilities such as offices, hospitals, schools, data centers and manufacturing sites.

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