Johnson Controls International (NYSE:JCI) PT Raised to $62.00 at Barclays

Johnson Controls International (NYSE:JCI) had its price objective hoisted by investment analysts at Barclays from $59.00 to $62.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential downside of 9.05% from the company’s previous close.

Several other research firms also recently issued reports on JCI. Oppenheimer decreased their price target on Johnson Controls International from $71.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. Citigroup lifted their price target on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Mizuho cut shares of Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price objective for the company. in a research note on Friday, February 23rd. Wells Fargo & Company raised their target price on shares of Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, UBS Group lowered shares of Johnson Controls International from a “buy” rating to a “neutral” rating and cut their target price for the stock from $74.00 to $68.00 in a research report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $63.27.

Johnson Controls International Trading Down 0.0 %

Johnson Controls International stock opened at $68.17 on Friday. The firm has a market cap of $45.92 billion, a price-to-earnings ratio of 27.60, a price-to-earnings-growth ratio of 1.75 and a beta of 1.29. Johnson Controls International has a 1 year low of $47.90 and a 1 year high of $74.23. The firm’s 50 day moving average price is $67.92 and its two-hundred day moving average price is $61.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.65 and a current ratio of 0.87.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. The business’s quarterly revenue was down 6.1% on a year-over-year basis. On average, research analysts predict that Johnson Controls International will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Juergen Tinggren sold 4,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $62.31, for a total transaction of $249,240.00. Following the completion of the transaction, the director now directly owns 30,120 shares of the company’s stock, valued at approximately $1,876,777.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $62.86, for a total value of $188,580.00. Following the sale, the chief operating officer now owns 106,891 shares of the company’s stock, valued at approximately $6,719,168.26. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Juergen Tinggren sold 4,000 shares of Johnson Controls International stock in a transaction on Monday, May 6th. The shares were sold at an average price of $62.31, for a total value of $249,240.00. Following the transaction, the director now directly owns 30,120 shares of the company’s stock, valued at $1,876,777.20. The disclosure for this sale can be found here. Insiders sold a total of 16,900 shares of company stock valued at $1,085,145 over the last ninety days. 0.69% of the stock is owned by company insiders.

Hedge Funds Weigh In On Johnson Controls International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new stake in Johnson Controls International during the 1st quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at $25,000. EdgeRock Capital LLC bought a new position in shares of Johnson Controls International in the fourth quarter valued at about $27,000. Hexagon Capital Partners LLC lifted its position in Johnson Controls International by 114.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock worth $29,000 after buying an additional 268 shares in the last quarter. Finally, Headinvest LLC bought a new stake in Johnson Controls International during the 3rd quarter worth about $30,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.