Johnson Controls International (NYSE:JCI) Price Target Raised to $175.00

Key Points

• Bank of America raised Johnson Controls’ price target to $175 from $152 and maintained a “buy” rating, implying 13.61% upside from the previous close.
• Analyst sentiment remains favorable overall, with 14 buy, nine hold, and one sell rating; the consensus rating is “Moderate Buy” with a $161.05 target.
• Johnson Controls recently exceeded quarterly expectations, reporting $1.42 in EPS versus $1.30 expected and $6.61 billion in revenue, up 9.3% year over year.

Johnson Controls International (NYSE:JCI - Get Free Report) had its price objective upped by equities research analysts at Bank of America from $152.00 to $175.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Bank of America's price objective would indicate a potential upside of 13.61% from the stock's previous close.

Other equities analysts have also issued research reports about the company. Wall Street Zen lowered Johnson Controls International from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. The Goldman Sachs Group lifted their target price on Johnson Controls International from $186.00 to $191.00 and gave the stock a "buy" rating in a report on Wednesday, September 30th. UBS Group reaffirmed a "buy" rating on shares of Johnson Controls International in a research report on Wednesday, September 16th. Weiss Ratings reissued a "buy (b)" rating on shares of Johnson Controls International in a research report on Friday, September 4th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of 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. Fourteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $161.05.

Johnson Controls International Stock Performance

Shares of JCI stock traded down $1.89 during trading on Thursday, reaching $154.04. 1,530,210 shares of the company's stock were exchanged, compared to its average volume of 4,126,158. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $93.31 billion, a PE ratio of 26.74, a PEG ratio of 1.21 and a beta of 1.27. Johnson Controls International has a twelve month low of $104.49 and a twelve month high of $160.41. The firm's fifty day moving average price is $147.04 and its 200-day moving average price is $142.78.

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

Insider Activity at Johnson Controls International

In related news, VP Lei Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction dated Tuesday, August 4th. The stock was 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 approximately $2,298,652.19. This trade represents a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.29% of the company's stock.

Institutional Investors Weigh In On Johnson Controls International

Several institutional investors have recently modified their holdings of JCI. Rokos Capital Management LLP acquired a new stake in shares of Johnson Controls International during the 1st quarter valued at about $45,833,000. ABN Amro Investment Solutions purchased a new stake in shares of Johnson Controls International in the 1st quarter valued at about $8,863,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Johnson Controls International by 49.7% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 140,488 shares of the company's stock valued at $18,397,000 after buying an additional 46,650 shares during the last quarter. QRG Capital Management Inc. increased its holdings in Johnson Controls International by 4.7% in the second quarter. QRG Capital Management Inc. now owns 222,168 shares of the company's stock valued at $32,461,000 after buying an additional 9,988 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Johnson Controls International by 0.4% during the 4th quarter. Deutsche Bank AG now owns 2,682,316 shares of the company's stock valued at $321,207,000 after acquiring an additional 10,711 shares during the period. 90.05% of the stock is owned by institutional investors.

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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