Royal Bank Of Canada Reiterates "Sector Perform" Rating for Johnson Controls International (NYSE:JCI)

Key Points

• Royal Bank of Canada reaffirmed its "sector perform" rating on Johnson Controls International and set a $154 price target, implying about 11.4% upside from the current price.
• Other analysts remain mixed on JCI: recent updates included higher targets from firms like Wells Fargo, Goldman Sachs, and UBS, while the overall consensus from MarketBeat is still "Hold" with an average target of $147.63.
• JCI shares were trading around $138.23 on Wednesday after a decline, and the company recently reported Q1 EPS of $1.19 on $6.14 billion in revenue, with analysts expecting 4.87 EPS for the full fiscal year.

Johnson Controls International (NYSE:JCI - Get Free Report)'s stock had its "sector perform" rating reaffirmed by equities researchers at Royal Bank Of Canada in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $154.00 price target on the stock. Royal Bank Of Canada's target price would suggest a potential upside of 11.41% from the company's current price.

Several other analysts have also issued reports on JCI. Jefferies Financial Group upped their price objective on Johnson Controls International from $125.00 to $135.00 and gave the company a "hold" rating in a research note on Wednesday, April 15th. Wells Fargo & Company lifted their price objective on shares of Johnson Controls International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Thursday, May 7th. Citigroup upped their price objective on shares of Johnson Controls International from $150.00 to $155.00 and gave the company a "neutral" rating in a report on Thursday, May 7th. The Goldman Sachs Group raised their target price on shares of Johnson Controls International from $154.00 to $158.00 and gave the stock a "buy" rating in a research note on Tuesday, April 7th. Finally, UBS Group increased their price target on shares of Johnson Controls International from $160.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $147.63.

Johnson Controls International Stock Performance

JCI stock traded down $1.99 during trading hours on Wednesday, reaching $138.23. The stock had a trading volume of 537,290 shares, compared to its average volume of 4,451,009. The stock has a 50-day simple moving average of $138.01 and a 200 day simple moving average of $128.68. Johnson Controls International has a fifty-two week low of $99.11 and a fifty-two week high of $147.32. The stock has a market capitalization of $84.34 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 1.52 and a beta of 1.37. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The company had revenue of $6.14 billion for the quarter. Analysts predict that Johnson Controls International will post 4.87 EPS for the current fiscal year.

Insider Activity at Johnson Controls International

In other news, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the sale, the vice president directly owned 57,059 shares in the company, valued at approximately $8,044,748.41. The trade was a 60.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.29% of the company's stock.

Hedge Funds Weigh In On Johnson Controls International

Several hedge funds have recently bought and sold shares of JCI. Maseco LLP increased its stake in shares of Johnson Controls International by 102.9% in the 4th quarter. Maseco LLP now owns 211 shares of the company's stock valued at $25,000 after purchasing an additional 107 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new stake in shares of Johnson Controls International during the 4th quarter worth $27,000. Roxbury Financial LLC boosted its stake in Johnson Controls International by 71.9% in the fourth quarter. Roxbury Financial LLC now owns 239 shares of the company's stock valued at $29,000 after buying an additional 100 shares in the last quarter. Twin Tree Management LP grew its position in Johnson Controls International by 140.9% in the fourth quarter. Twin Tree Management LP now owns 260 shares of the company's stock valued at $31,000 after acquiring an additional 895 shares during the last quarter. Finally, YANKCOM Partnership bought a new position in Johnson Controls International in the fourth quarter valued at about $34,000. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Company Profile

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company's core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls' product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.

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