Johnson Controls International (NYSE:JCI) Stock Price Target Lowered at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank lowered Johnson Controls’ price target from $180 to $178 while maintaining a “buy” rating, implying approximately 19.2% upside from the $149.37 share price.
• Johnson Controls reported stronger-than-expected quarterly results, with EPS of $1.42 versus the $1.30 consensus estimate and revenue of $6.61 billion, up 9.3% year over year.
• Analyst sentiment is mixed overall: 12 analysts rate the stock a buy, 10 a hold, and one a sell, producing a consensus “hold” rating and average target price of $160.35.

Johnson Controls International (NYSE:JCI - Get Free Report) had its target price decreased by investment analysts at Deutsche Bank Aktiengesellschaft from $180.00 to $178.00 in a research report issued to clients and investors on Wednesday. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price would indicate a potential upside of 19.17% from the company's current price.

Several other brokerages have also issued reports on JCI. Wells Fargo & Company assumed coverage on shares of Johnson Controls International in a research report on Thursday, September 24th. They set an "overweight" rating and a $186.00 target price for the company. Sanford C. Bernstein lifted their target price on Johnson Controls International from $173.00 to $190.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. The Goldman Sachs Group raised their price objective on Johnson Controls International from $169.00 to $178.00 and gave the stock a "buy" rating in a research note on Tuesday, June 2nd. Wolfe Research restated an "outperform" rating and set a $171.00 target price on shares of Johnson Controls International in a research note on Wednesday, June 3rd. Finally, Citigroup raised their price objective on shares of Johnson Controls International from $155.00 to $157.00 and gave the company a "neutral" rating in a research report on Thursday, July 30th. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $160.35.

Johnson Controls International Stock Up 0.3%

Shares of Johnson Controls International stock opened at $149.37 on Wednesday. The stock has a market capitalization of $90.48 billion, a PE ratio of 25.98, a price-to-earnings-growth 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. The company has a 50-day simple moving average of $145.54 and a two-hundred day simple moving average of $141.82. Johnson Controls International has a 52-week low of $104.49 and a 52-week high of $157.06.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its 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 for the quarter, compared to analysts' expectations of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.05 EPS. On average, analysts anticipate that Johnson Controls International will post 5.08 EPS for the current fiscal year.

Insider Activity

In other news, VP Lei Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction that occurred on 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. The trade was a 60.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is owned by insiders.

Institutional Trading of Johnson Controls International

A number of institutional investors have recently bought and sold shares of the stock. QRG Capital Management Inc. boosted its stake in Johnson Controls International by 4.7% during the second quarter. QRG Capital Management Inc. now owns 222,168 shares of the company's stock worth $32,461,000 after buying an additional 9,988 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Johnson Controls International by 14.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 49,499 shares of the company's stock worth $7,232,000 after acquiring an additional 6,173 shares during the last quarter. State Street Corp boosted its stake in shares of Johnson Controls International by 2.2% during 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. Sequoia Financial Advisors LLC grew its holdings in Johnson Controls International by 17.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 37,970 shares of the company's stock valued at $5,548,000 after purchasing an additional 5,650 shares during the last quarter. Finally, Engineers Gate Manager LP grew its holdings in Johnson Controls International by 82.5% during the 2nd quarter. Engineers Gate Manager LP now owns 116,133 shares of the company's stock valued at $16,968,000 after purchasing an additional 52,484 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

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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