The Goldman Sachs Group Boosts Johnson Controls International (NYSE:JCI) Price Target to $116.00

Johnson Controls International (NYSE:JCI - Get Free Report) had its price objective boosted by equities researchers at The Goldman Sachs Group from $103.00 to $116.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. The Goldman Sachs Group's target price suggests a potential upside of 9.39% from the company's current price.

JCI has been the subject of a number of other reports. Barclays raised their price objective on Johnson Controls International from $85.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Royal Bank Of Canada increased their price objective on Johnson Controls International from $82.00 to $98.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Oppenheimer downgraded Johnson Controls International from an "outperform" rating to a "market perform" rating in a research report on Friday, June 20th. Deutsche Bank Aktiengesellschaft raised Johnson Controls International from a "hold" rating to a "buy" rating and raised their target price for the stock from $101.00 to $112.00 in a research note on Monday, May 12th. Finally, UBS Group reiterated a "buy" rating and set a $116.00 target price (up from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $99.94.

Johnson Controls International Price Performance

JCI stock traded up $0.06 during trading hours on Tuesday, hitting $106.04. 2,603,664 shares of the stock traded hands, compared to its average volume of 4,315,346. The stock has a 50-day simple moving average of $99.29 and a 200 day simple moving average of $87.32. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.48. Johnson Controls International has a one year low of $64.31 and a one year high of $107.06. The company has a market cap of $69.78 billion, a P/E ratio of 28.28, a P/E/G ratio of 1.96 and a beta of 1.31.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.77 by $0.05. The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. The company's revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 EPS. Equities analysts forecast that Johnson Controls International will post 3.64 earnings per share for the current year.

Johnson Controls International declared that its Board of Directors has initiated a share buyback plan on Friday, June 13th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 13.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Insider Activity at Johnson Controls International

In other news, CFO Marc Vandiepenbeeck sold 28,289 shares of Johnson Controls International stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $90.92, for a total transaction of $2,572,035.88. Following the sale, the chief financial officer owned 147,673 shares in the company, valued at $13,426,429.16. This trade represents a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Anuruddha Rathninde sold 15,000 shares of Johnson Controls International stock in a transaction on Friday, June 6th. The stock was sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the completion of the transaction, the vice president directly owned 42,574 shares of the company's stock, valued at approximately $4,390,656.62. This represents a 26.05% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,555 shares of company stock worth $13,705,106. 0.54% of the stock is owned by company insiders.

Institutional Investors Weigh In On Johnson Controls International

Institutional investors have recently bought and sold shares of the stock. G&S Capital LLC raised its holdings in Johnson Controls International by 81.4% during the 1st quarter. G&S Capital LLC now owns 30,342 shares of the company's stock worth $2,431,000 after buying an additional 13,612 shares during the period. GAMMA Investing LLC raised its stake in shares of Johnson Controls International by 27.8% in the first quarter. GAMMA Investing LLC now owns 14,720 shares of the company's stock valued at $1,179,000 after purchasing an additional 3,201 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Johnson Controls International by 2,213.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 709,431 shares of the company's stock worth $57,748,000 after acquiring an additional 678,766 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in Johnson Controls International by 9.0% during the first quarter. Wealthcare Advisory Partners LLC now owns 3,982 shares of the company's stock worth $319,000 after acquiring an additional 328 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its stake in shares of Johnson Controls International by 22.4% in the first quarter. Dynamic Advisor Solutions LLC now owns 5,987 shares of the company's stock valued at $480,000 after buying an additional 1,096 shares in the last quarter. Institutional investors and hedge funds 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.

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