Johnson Controls International (NYSE:JCI) Given New $116.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada increased the price target for Johnson Controls International (NYSE:JCI) from $114 to $116, suggesting a potential upside of 6.46% from the stock's previous close.
• Ten analysts rated JCI with a Buy rating, while nine provided a Hold rating, leading to a consensus rating of "Moderate Buy" and a target price of $113.41.
• The company reported quarterly earnings of $1.05 per share, exceeding analyst expectations, with a revenue of $6.05 billion, also surpassing the forecast of $5.99 billion.

Johnson Controls International (NYSE:JCI - Get Free Report) had its price target boosted by investment analysts at Royal Bank Of Canada from $114.00 to $116.00 in a research note issued on Thursday,MarketScreener reports. The firm presently has a "sector perform" rating on the stock. Royal Bank Of Canada's target price indicates a potential upside of 6.46% from the stock's previous close.

JCI has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft increased their price objective on Johnson Controls International from $124.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Barclays increased their price objective on Johnson Controls International from $100.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Oppenheimer cut Johnson Controls International from an "outperform" rating to a "market perform" rating in a research report on Friday, June 20th. Robert W. Baird increased their price objective on Johnson Controls International from $90.00 to $110.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Finally, Wolfe Research raised their price target on Johnson Controls International from $132.00 to $133.00 and gave the stock an "outperform" rating in a research report on Friday, September 12th. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.41.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $108.96 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. The stock has a market cap of $71.30 billion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 1.63 and a beta of 1.33. The stock has a 50-day moving average of $107.31 and a 200-day moving average of $100.21. Johnson Controls International has a one year low of $68.03 and a one year high of $112.63.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.06. The company had revenue of $6.05 billion during the quarter, compared to analysts' expectations of $5.99 billion. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. As a group, sell-side analysts expect that Johnson Controls International will post 3.64 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $149,395.32. Following the transaction, the vice president directly owned 139,459 shares of the company's stock, valued at $14,651,562.54. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of Johnson Controls International stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $625,604.41. Following the completion of the transaction, the vice president directly owned 25,005 shares in the company, valued at approximately $2,643,778.65. This represents a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,761 shares of company stock worth $922,447. 0.54% of the stock is owned by insiders.

Hedge Funds Weigh In On Johnson Controls International

A number of institutional investors have recently modified their holdings of the company. 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. Caitong International Asset Management Co. Ltd purchased a new position in Johnson Controls International in the second quarter worth $28,000. Finally, Activest Wealth Management boosted its position in Johnson Controls International by 56.4% in the first quarter. Activest Wealth Management now owns 369 shares of the company's stock worth $30,000 after purchasing an additional 133 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

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.

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