Oppenheimer Issues Positive Forecast for Johnson Controls International (NYSE:JCI) Stock Price

Johnson Controls International (NYSE:JCI) had its price target lifted by equities researchers at Oppenheimer from $90.00 to $96.00 in a research report issued on Thursday, Marketbeat.com reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price target would suggest a potential upside of 4.39% from the stock’s current price.

Several other analysts have also commented on JCI. Vertical Research raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Thursday. Wells Fargo & Company boosted their price target on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Citigroup cut their target price on shares of Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Johnson Controls International from $100.00 to $81.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International presently has an average rating of “Moderate Buy” and an average target price of $92.94.

Johnson Controls International Trading Up 0.8 %

Johnson Controls International stock opened at $91.96 on Thursday. Johnson Controls International has a one year low of $64.31 and a one year high of $92.41. The business’s fifty day moving average is $80.63 and its 200 day moving average is $81.57. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The stock has a market capitalization of $60.71 billion, a PE ratio of 35.10, a price-to-earnings-growth ratio of 1.96 and a beta of 1.28.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The firm had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.64 billion. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. The business’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 earnings per share. On average, sell-side analysts predict that Johnson Controls International will post 3.64 EPS for the current year.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 205,168 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $89.07, for a total value of $18,274,313.76. Following the sale, the chief executive officer now owns 1,260,527 shares in the company, valued at $112,275,139.89. The trade was a 14.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total value of $113,361.84. Following the transaction, the vice president now owns 145,502 shares of the company’s stock, valued at approximately $11,599,419.44. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 728,458 shares of company stock valued at $62,293,059 over the last 90 days. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JCI. Compass Financial Services Inc purchased a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $26,000. Accent Capital Management LLC bought a new stake in Johnson Controls International in the first quarter worth $26,000. Cornerstone Planning Group LLC increased its position in Johnson Controls International by 74.5% in the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock worth $28,000 after purchasing an additional 155 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Johnson Controls International during the fourth quarter valued at $29,000. Finally, Community Bank N.A. bought a new position in Johnson Controls International during the first quarter valued at $32,000. 90.05% of the stock is owned by institutional investors.

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.