The Goldman Sachs Group Forecasts Strong Price Appreciation for Johnson Controls International (NYSE:JCI) Stock

Key Points

• The Goldman Sachs Group raised its price target for Johnson Controls International (NYSE:JCI) from $119.00 to $124.00, indicating a potential upside of 15.38%.
• Johnson Controls International's quarterly earnings beat expectations with $1.05 earnings per share and reported revenue of $6.05 billion.
• The company has initiated a $9.00 billion share repurchase program, suggesting confidence in its stock value and financial health.

Johnson Controls International (NYSE:JCI - Get Free Report) had its price objective boosted by equities research analysts at The Goldman Sachs Group from $119.00 to $124.00 in a research note issued on Monday,MarketScreener reports. The brokerage currently has a "buy" rating on the stock. The Goldman Sachs Group's price target would suggest a potential upside of 15.38% from the stock's previous close.

JCI has been the subject of several other reports. Wells Fargo & Company boosted their target price on shares of Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Zacks Research raised shares of Johnson Controls International to a "hold" rating in a research report on Monday, August 11th. UBS Group restated a "buy" rating and set a $116.00 price target (up from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. Royal Bank Of Canada increased their price target on Johnson Controls International from $112.00 to $114.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Finally, Oppenheimer downgraded Johnson Controls International from an "outperform" rating to a "market perform" rating in a research report on Friday, June 20th. Ten analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Johnson Controls International has a consensus rating of "Moderate Buy" and an average price target of $107.58.

Johnson Controls International Stock Up 0.5%

Shares of Johnson Controls International stock traded up $0.51 during trading on Monday, hitting $107.47. 1,279,265 shares of the stock were exchanged, compared to its average volume of 4,691,514. Johnson Controls International has a 12-month low of $68.03 and a 12-month high of $112.63. The stock has a market cap of $70.33 billion, a price-to-earnings ratio of 31.88, a price-to-earnings-growth ratio of 1.92 and a beta of 1.31. 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 firm's 50-day moving average price is $106.76 and its 200 day moving average price is $95.90.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.06. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates 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, analysts forecast that Johnson Controls International will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International declared that its board has approved 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 purchase up to 13.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 5,917 shares of the business's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $625,604.41. Following the completion of the sale, the vice president directly owned 25,005 shares of the company's stock, valued at $2,643,778.65. The trade was a 19.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total transaction of $149,395.32. Following the completion of the transaction, the vice president owned 139,459 shares in the company, valued at $14,651,562.54. This represents a 1.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,183 shares of company stock worth $1,071,501 in the last three months. 0.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Johnson Controls International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Johnson Controls International during the second quarter worth approximately $795,325,000. Nuveen LLC bought a new position in Johnson Controls International during the 1st quarter worth approximately $219,110,000. Ameriprise Financial Inc. increased its stake in shares of Johnson Controls International by 140.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company's stock valued at $483,281,000 after acquiring an additional 2,675,157 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Johnson Controls International by 747.6% during the 1st quarter. AQR Capital Management LLC now owns 2,034,060 shares of the company's stock worth $159,186,000 after acquiring an additional 1,794,089 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Johnson Controls International by 232.4% in the 2nd quarter. Jennison Associates LLC now owns 2,124,125 shares of the company's stock worth $224,350,000 after buying an additional 1,485,007 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

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.

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