Johnson Controls International (NYSE:JCI) Price Target Raised to $165.00

Key Points

• Royal Bank of Canada raised Johnson Controls’ price target to $165 from $161 while maintaining a “sector perform” rating, implying 6.89% upside. Analysts overall give the stock a “Moderate Buy” consensus with an average target of $161.86.
• JCI shares fell 1.3% to $154.36 during Wednesday trading. The company recently beat quarterly expectations, reporting $1.42 in EPS versus $1.30 expected and revenue of $6.61 billion, up 9.3% year over year.
• Institutional investors own approximately 90.05% of the company, while insider ownership is 0.29%; Vice President Lei Schlitz recently sold 23,417 shares for about $3.58 million.

Johnson Controls International (NYSE:JCI - Get Free Report) had its price target upped by equities researchers at Royal Bank Of Canada from $161.00 to $165.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a "sector perform" rating on the stock. Royal Bank Of Canada's target price suggests a potential upside of 6.89% from the stock's current price.

Several other equities analysts have also commented on JCI. Citigroup increased their target price on Johnson Controls International from $157.00 to $170.00 and gave the company a "neutral" rating in a report on Monday. Weiss Ratings raised Johnson Controls International from a "buy (b)" rating to a "buy (a)" rating in a report on Thursday, October 8th. Wells Fargo & Company began coverage on Johnson Controls International in a report on Thursday, September 24th. They set an "overweight" rating and a $186.00 price target for the company. Argus set a $175.00 price objective on Johnson Controls International in a research report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Johnson Controls International from $180.00 to $178.00 and set a "buy" rating on the stock in a report on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Johnson Controls International has an average rating of "Moderate Buy" and an average target price of $161.86.

Johnson Controls International Stock Down 1.3%

NYSE:JCI traded down $2.11 during mid-day trading on Wednesday, hitting $154.36. The stock had a trading volume of 1,142,578 shares, compared to its average volume of 4,102,769. The stock has a 50-day simple moving average of $147.68 and a two-hundred day simple moving average of $143.38. The company has a market capitalization of $93.50 billion, a PE ratio of 26.85, a PEG ratio of 1.16 and a beta of 1.27. Johnson Controls International has a twelve month low of $107.77 and a twelve month high of $160.41. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.30 by $0.12. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The company had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. The firm's quarterly revenue was up 9.3% on a year-over-year basis. On average, equities research analysts anticipate that Johnson Controls International will post 5.08 EPS for the current year.

Insiders Place Their Bets

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of the company's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the transaction, the vice president owned 15,017 shares in the company, valued at $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.29% of the stock is currently owned by company insiders.

Institutional Trading of Johnson Controls International

A number of hedge funds and other institutional investors have recently made changes to their positions in JCI. NBH Bank acquired a new stake in Johnson Controls International in the second quarter valued at $29,000. Virginia Estate & Retirement Planning Advisors Inc. purchased a new position in shares of Johnson Controls International in the third quarter valued at $33,000. Fourth Dimension Wealth LLC increased its position in shares of Johnson Controls International by 51.3% in the second quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company's stock valued at $34,000 after buying an additional 78 shares in the last quarter. First Bancorp Inc ME purchased a new position in shares of Johnson Controls International in the second quarter valued at $34,000. Finally, SJS Investment Consulting Inc. raised its stake in shares of Johnson Controls International by 747.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 288 shares of the company's stock worth $38,000 after buying an additional 254 shares during 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.

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