Johnson Controls International (NYSE:JCI) Given New $59.00 Price Target at Barclays

Johnson Controls International (NYSE:JCI - Get Free Report) had its target price lowered by analysts at Barclays from $61.00 to $59.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price objective indicates a potential downside of 2.88% from the stock's current price.

JCI has been the topic of several other research reports. Melius Research restated a "hold" rating on shares of Johnson Controls International in a report on Tuesday, January 30th. Oppenheimer dropped their target price on shares of Johnson Controls International from $71.00 to $70.00 and set an "outperform" rating on the stock in a report on Thursday. Wells Fargo & Company boosted their target price on shares of Johnson Controls International from $64.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, April 2nd. Argus downgraded shares of Johnson Controls International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 20th. Finally, Royal Bank of Canada decreased their price target on shares of Johnson Controls International from $50.00 to $48.00 and set an "underperform" rating for the company in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Johnson Controls International has a consensus rating of "Hold" and a consensus price target of $64.25.

Johnson Controls International Trading Up 0.5 %

Shares of NYSE:JCI traded up $0.28 during mid-day trading on Thursday, reaching $60.75. 7,555,942 shares of the company's stock were exchanged, compared to its average volume of 5,669,336. The firm has a market capitalization of $41.40 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 1.63 and a beta of 1.23. The business's fifty day moving average price is $63.23 and its 200-day moving average price is $57.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 0.97. Johnson Controls International has a twelve month low of $47.90 and a twelve month high of $70.43.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.51 billion. Johnson Controls International had a net margin of 7.85% and a return on equity of 13.08%. Johnson Controls International's revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 earnings per share. On average, research analysts predict that Johnson Controls International will post 3.61 EPS for the current fiscal year.

Institutional Trading of Johnson Controls International

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Johnson Controls International by 17.3% in the fourth quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company's stock valued at $4,114,756,000 after purchasing an additional 10,522,009 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Johnson Controls International by 1.9% in the 4th quarter. Franklin Resources Inc. now owns 16,419,338 shares of the company's stock valued at $946,411,000 after acquiring an additional 305,798 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Johnson Controls International by 4.8% in the 4th quarter. Fisher Asset Management LLC now owns 13,528,240 shares of the company's stock valued at $779,768,000 after acquiring an additional 618,120 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Johnson Controls International by 4.7% in the 3rd quarter. Invesco Ltd. now owns 13,063,227 shares of the company's stock valued at $695,094,000 after acquiring an additional 588,724 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Johnson Controls International by 95.9% during the 1st quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company's stock valued at $833,491,000 after purchasing an additional 6,247,250 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

About Johnson Controls International

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.