Johnson Controls International (NYSE:JCI) Price Target Raised to $105.00

Johnson Controls International (NYSE:JCI) had its target price raised by Morgan Stanley from $95.00 to $105.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 21.00% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Wells Fargo & Company reduced their price target on Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research report on Friday, December 20th. Melius Research reissued a “hold” rating and set a $95.00 price objective on shares of Johnson Controls International in a report on Tuesday, January 28th. Citigroup dropped their target price on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Finally, StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $88.53.

Johnson Controls International Stock Performance

Shares of JCI opened at $86.78 on Thursday. The firm has a market capitalization of $57.29 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 2.24 and a beta of 1.32. The company has a 50-day simple moving average of $80.77 and a two-hundred day simple moving average of $76.76. Johnson Controls International has a one year low of $53.34 and a one year high of $88.90. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.49% and a return on equity of 14.51%. On average, analysts anticipate that Johnson Controls International will post 3.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other Johnson Controls International news, CEO George Oliver sold 110,616 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $84.60, for a total value of $9,358,113.60. Following the transaction, the chief executive officer now directly owns 1,244,617 shares of the company’s stock, valued at $105,294,598.20. This trade represents a 8.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the sale, the vice president now owns 148,346 shares of the company’s stock, valued at approximately $11,339,568.24. This trade represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 649,208 shares of company stock worth $54,081,073 in the last three months. Corporate insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Compass Financial Services Inc acquired a new position in Johnson Controls International in the fourth quarter worth approximately $26,000. SBI Securities Co. Ltd. bought a new position in Johnson Controls International during the fourth quarter worth about $29,000. Fortitude Family Office LLC lifted its holdings in shares of Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after acquiring an additional 278 shares during the period. Wolff Wiese Magana LLC lifted its holdings in shares of Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after acquiring an additional 430 shares during the period. Finally, Synergy Asset Management LLC bought a new position in shares of Johnson Controls International in the fourth quarter valued at approximately $42,000. 90.05% of the stock is owned by institutional investors and hedge funds.

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.