Johnson Controls International (NYSE:JCI) Price Target Lowered to $70.00 at Oppenheimer

Johnson Controls International (NYSE:JCI) had its target price trimmed by Oppenheimer from $71.00 to $70.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts have also issued research reports about the company. Melius Research restated a hold rating on shares of Johnson Controls International in a research note on Tuesday, January 30th. Wells Fargo & Company lifted their price target on shares of Johnson Controls International from $64.00 to $73.00 and gave the stock an overweight rating in a research note on Tuesday, April 2nd. HSBC downgraded shares of Johnson Controls International from a buy rating to a hold rating and set a $60.00 price objective on the stock. in a research note on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft reissued a hold rating and issued a $60.00 target price (down previously from $65.00) on shares of Johnson Controls International in a research report on Wednesday, January 31st. Finally, Mizuho cut shares of Johnson Controls International from a buy rating to a neutral rating and set a $62.00 price target on the stock. in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Johnson Controls International presently has an average rating of Hold and an average target price of $64.25.

Johnson Controls International Stock Up 2.7 %

Shares of JCI opened at $62.38 on Thursday. The company’s fifty day moving average is $63.31 and its two-hundred day moving average is $57.30. The firm has a market cap of $42.02 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 1.59 and a beta of 1.23. Johnson Controls International has a fifty-two week low of $47.90 and a fifty-two week high of $70.43. The company has a quick ratio of 0.65, a current ratio of 0.87 and a debt-to-equity ratio of 0.44.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.51 billion. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 EPS. Analysts forecast that Johnson Controls International will post 3.61 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Friday, March 22nd. Johnson Controls International’s payout ratio is currently 59.92%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC raised its holdings in shares of Johnson Controls International by 7.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 87,502 shares of the company’s stock worth $4,656,000 after purchasing an additional 5,698 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Johnson Controls International by 103.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 62,577 shares of the company’s stock worth $3,330,000 after purchasing an additional 31,826 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in Johnson Controls International during the 3rd quarter worth about $249,000. Dakota Wealth Management lifted its stake in Johnson Controls International by 13.4% during the third quarter. Dakota Wealth Management now owns 9,029 shares of the company’s stock valued at $480,000 after buying an additional 1,068 shares in the last quarter. Finally, FinTrust Capital Advisors LLC boosted its holdings in shares of Johnson Controls International by 358.6% in the third quarter. FinTrust Capital Advisors LLC now owns 853 shares of the company’s stock worth $45,000 after buying an additional 667 shares during the period. 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.