Johnson Controls International (NYSE:JCI) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Johnson Controls International (NYSE:JCI) had its target price lifted by analysts at JPMorgan Chase & Co. from $87.00 to $100.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 14.26% from the stock’s current price.

A number of other equities analysts also recently weighed in on JCI. Melius Research reiterated a “hold” rating and issued a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Citigroup dropped their target price on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Wells Fargo & Company upped their target price on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday. Finally, UBS Group started coverage on Johnson Controls International in a report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Johnson Controls International currently has a consensus rating of “Hold” and a consensus price target of $90.27.

Johnson Controls International Price Performance

JCI stock traded up $1.51 during trading on Thursday, hitting $87.52. The company had a trading volume of 4,976,402 shares, compared to its average volume of 4,441,205. Johnson Controls International has a fifty-two week low of $53.34 and a fifty-two week high of $88.90. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $57.78 billion, a price-to-earnings ratio of 34.45, a P/E/G ratio of 2.24 and a beta of 1.32. The business has a 50 day moving average of $80.77 and a 200 day moving average of $76.76.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.49% and a return on equity of 14.51%. As a group, research analysts predict that Johnson Controls International will post 3.45 earnings per share for the current year.

Insider Activity

In related news, VP Nathan D. Manning sold 1,421 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the transaction, the vice president now directly owns 148,346 shares in the company, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO George Oliver sold 224,152 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total value of $18,541,853.44. Following the completion of the transaction, the chief executive officer now owns 1,166,992 shares of the company’s stock, valued at $96,533,578.24. The trade was a 16.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 649,208 shares of company stock valued at $54,081,073. 0.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Metis Global Partners LLC raised its stake in shares of Johnson Controls International by 0.4% in the third quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock valued at $2,208,000 after purchasing an additional 127 shares in the last quarter. Gilbert & Cook Inc. raised its stake in Johnson Controls International by 2.0% during the fourth quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company’s stock worth $510,000 after acquiring an additional 127 shares in the last quarter. Graypoint LLC raised its stake in Johnson Controls International by 4.1% during the fourth quarter. Graypoint LLC now owns 3,277 shares of the company’s stock worth $259,000 after acquiring an additional 130 shares in the last quarter. ST Germain D J Co. Inc. raised its stake in Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after acquiring an additional 134 shares in the last quarter. Finally, Brooklyn Investment Group raised its stake in Johnson Controls International by 3.1% during the fourth quarter. Brooklyn Investment Group now owns 4,444 shares of the company’s stock worth $351,000 after acquiring an additional 135 shares in the last quarter. 90.05% of the stock is currently 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.