Johnson Controls International (NYSE:JCI) Stock Gets Price Target Boost from The Goldman Sachs Group

Key Points

• Goldman Sachs raised Johnson Controls’ price target from $186 to $191 and maintained a “buy” rating, implying 27.87% upside from the prior close.
• Analyst sentiment is mixed overall: 12 analysts rate the stock “buy,” 10 “hold,” and one “sell,” resulting in a consensus “hold” rating and average price target of $160.35.
• Johnson Controls exceeded quarterly expectations, reporting $1.42 in EPS versus $1.30 forecast and $6.61 billion in revenue versus $6.46 billion expected; revenue increased 9.3% year over year.

Johnson Controls International (NYSE:JCI - Get Free Report) had its price target hoisted by research analysts at The Goldman Sachs Group from $186.00 to $191.00 in a report released on Wednesday. The firm currently has a "buy" rating on the stock. The Goldman Sachs Group's target price suggests a potential upside of 27.87% from the company's previous close.

A number of other brokerages also recently commented on JCI. Citigroup increased their price target on Johnson Controls International from $155.00 to $157.00 and gave the company a "neutral" rating in a report on Thursday, July 30th. UBS Group reaffirmed a "buy" rating on shares of Johnson Controls International in a report on Wednesday, September 16th. Wells Fargo & Company started coverage on Johnson Controls International in a research note on Thursday, September 24th. They set an "overweight" rating and a $186.00 price objective for the company. Oppenheimer restated a "market perform" rating on shares of Johnson Controls International in a research note on Tuesday, June 2nd. Finally, Wolfe Research reissued an "outperform" rating and set a $171.00 price target on shares of Johnson Controls International in a report on Wednesday, June 3rd. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Johnson Controls International presently has a consensus rating of "Hold" and an average price target of $160.35.

Johnson Controls International Stock Up 0.3%

Shares of NYSE:JCI opened at $149.37 on Wednesday. Johnson Controls International has a 1 year low of $104.49 and a 1 year high of $157.06. The stock has a 50-day simple moving average of $145.54 and a 200-day simple moving average of $141.82. The stock has a market capitalization of $90.48 billion, a P/E ratio of 25.98, a PEG ratio of 1.43 and a beta of 1.29. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.30 by $0.12. The business had revenue of $6.61 billion for 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 revenue was up 9.3% on a year-over-year basis. During the same period last year, the business posted $1.05 EPS. Equities analysts forecast that Johnson Controls International will post 5.08 earnings per share for the current year.

Insider Buying and Selling

In other Johnson Controls International 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 transaction of $3,584,440.19. Following the transaction, the vice president owned 15,017 shares of the company's stock, valued at $2,298,652.19. The trade was a 60.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.29% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Natural Investments LLC grew its position in shares of Johnson Controls International by 2.5% in the second quarter. Natural Investments LLC now owns 3,008 shares of the company's stock valued at $439,000 after purchasing an additional 72 shares during the last quarter. Baron Wealth Management LLC raised its stake in shares of Johnson Controls International by 1.6% in the 2nd quarter. Baron Wealth Management LLC now owns 4,705 shares of the company's stock valued at $687,000 after buying an additional 75 shares in the last quarter. Diversify Wealth Management LLC lifted its position in shares of Johnson Controls International by 2.0% during the 2nd quarter. Diversify Wealth Management LLC now owns 3,868 shares of the company's stock worth $555,000 after buying an additional 76 shares during the period. Resonant Capital Advisors LLC increased its position in shares of Johnson Controls International by 1.5% during the 2nd quarter. Resonant Capital Advisors LLC now owns 5,063 shares of the company's stock worth $742,000 after purchasing an additional 77 shares in the last quarter. Finally, Fourth Dimension Wealth LLC increased its holdings in Johnson Controls International by 51.3% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company's stock valued at $34,000 after purchasing an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

About Johnson Controls International

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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