Johnson Controls International (NYSE:JCI) Stock Price Expected to Rise, Barclays Analyst Says

Johnson Controls International (NYSE:JCI - Get Free Report) had its price target lifted by stock analysts at Barclays from $90.00 to $100.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's target price would indicate a potential downside of 5.95% from the company's previous close.

Other equities research analysts have also issued research reports about the company. Robert W. Baird upped their price target on Johnson Controls International from $84.00 to $90.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. upped their price target on Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Royal Bank Of Canada upped their price target on Johnson Controls International from $82.00 to $98.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. Wells Fargo & Company upped their price target on Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Finally, Citigroup reduced their price target on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.53.

Johnson Controls International Price Performance

JCI traded down $0.17 on Wednesday, reaching $106.33. The stock had a trading volume of 3,508,552 shares, compared to its average volume of 4,340,038. Johnson Controls International has a fifty-two week low of $64.31 and a fifty-two week high of $107.18. The firm has a 50-day moving average of $100.20 and a 200-day moving average of $87.58. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $69.97 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. The business had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.64 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Johnson Controls International will post 3.64 EPS for the current year.

Johnson Controls International declared that its board has authorized a share repurchase program on Friday, June 13th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 13.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its shares are undervalued.

Insider Transactions at Johnson Controls International

In other news, VP Anuruddha Rathninde sold 15,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $103.13, for a total value of $1,546,950.00. Following the completion of the sale, the vice president directly owned 42,574 shares of the company's stock, valued at $4,390,656.62. This represents a 26.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director George Oliver sold 100,000 shares of Johnson Controls International stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $91.70, for a total value of $9,170,000.00. Following the transaction, the director directly owned 904,305 shares in the company, valued at approximately $82,924,768.50. The trade was a 9.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,555 shares of company stock valued at $13,705,106 in the last 90 days. Corporate insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On Johnson Controls International

Several institutional investors have recently bought and sold shares of JCI. Truvestments Capital LLC grew its holdings in Johnson Controls International by 425.0% during the first quarter. Truvestments Capital LLC now owns 315 shares of the company's stock worth $25,000 after buying an additional 255 shares in the last quarter. Accent Capital Management LLC bought a new stake in Johnson Controls International during the first quarter worth $26,000. Cornerstone Planning Group LLC grew its holdings in Johnson Controls International by 74.5% during the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock worth $28,000 after buying an additional 155 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Johnson Controls International during the fourth quarter worth $29,000. Finally, Activest Wealth Management grew its holdings in Johnson Controls International by 56.4% during the first quarter. Activest Wealth Management now owns 369 shares of the company's stock worth $30,000 after buying an additional 133 shares in the last quarter. Institutional investors own 90.05% of the company's stock.

Johnson Controls International Company Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.