Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Johnson Controls International (NYSE:JCI) Stock Price

Johnson Controls International (NYSE:JCI – Get Free Report) had its price objective dropped by stock analysts at Deutsche Bank Aktiengesellschaft from $180.00 to $178.00 in a research note issued on Wednesday. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 19.17% from the company’s previous close.

JCI has been the topic of a number of other reports. Argus set a $175.00 price target on shares of Johnson Controls International in a report on Friday, August 7th. Morgan Stanley upped their target price on shares of Johnson Controls International from $175.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. Oppenheimer reaffirmed a “market perform” rating on shares of Johnson Controls International in a research report on Tuesday, June 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research note on Friday, September 4th. Finally, Wall Street Zen lowered Johnson Controls International from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Twelve investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $160.35.

Check Out Our Latest Analysis on Johnson Controls International

Johnson Controls International Price Performance

JCI opened at $149.37 on Wednesday. The business has a fifty day moving average of $145.54 and a 200 day moving average of $141.82. The stock has a market cap of $90.48 billion, a P/E ratio of 25.98, a PEG ratio of 1.43 and a beta of 1.29. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61. Johnson Controls International has a 52-week low of $104.49 and a 52-week high of $157.06.

Johnson Controls International (NYSE:JCI – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.12. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The business had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same quarter last year, the firm posted $1.05 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Johnson Controls International will post 5.08 EPS for the current year.

Insider Activity

In other news, VP Lei Schlitz sold 23,417 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the transaction, the vice president directly owned 15,017 shares of the company’s stock, valued at approximately $2,298,652.19. The trade was a 60.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 institutional investors and hedge funds have recently added to or reduced their stakes in JCI. State Street Corp grew its holdings in Johnson Controls International by 2.2% in the second quarter. State Street Corp now owns 28,283,873 shares of the company’s stock worth $4,143,674,000 after purchasing an additional 621,319 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Johnson Controls International by 3.3% in the 4th quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock worth $2,712,949,000 after purchasing an additional 718,245 shares in the last quarter. Invesco Ltd. grew its stake in Johnson Controls International by 13.0% during the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock worth $1,916,417,000 after buying an additional 1,837,220 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Johnson Controls International by 1.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,179,181 shares of the company’s stock valued at $859,707,000 after buying an additional 71,296 shares in the last quarter. Finally, Amundi raised its stake in Johnson Controls International by 157.2% in the first quarter. Amundi now owns 5,965,212 shares of the company’s stock valued at $781,145,000 after buying an additional 3,646,047 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Company Profile

(Get Free Report)

Johnson Controls International plc (NYSE: JCI) is a global provider of building technology, products and services. The company helps commercial, institutional and industrial customers improve building performance, energy efficiency, safety and occupant comfort through integrated solutions.

Its offerings include heating, ventilation and air-conditioning systems; building automation and controls; fire detection and suppression equipment; security systems; energy management technologies; and related service, maintenance and digital solutions.

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Analyst Recommendations for Johnson Controls International (NYSE:JCI)

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