Wells Fargo & Company Forecasts Strong Price Appreciation for Johnson Controls International (NYSE:JCI) Stock

Johnson Controls International (NYSE:JCI) had its price target increased by equities research analysts at Wells Fargo & Company from $84.00 to $90.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 10.74% from the company’s current price.

A number of other equities research analysts have also recently commented on JCI. Barclays increased their price target on Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada raised shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and increased their price objective for the company from $61.00 to $69.00 in a research report on Wednesday, August 14th. The Goldman Sachs Group boosted their target price on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Robert W. Baird raised their price target on shares of Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, Bank of America lifted their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $73.86.

Johnson Controls International Stock Down 0.2 %

Shares of Johnson Controls International stock traded down $0.20 on Thursday, reaching $81.27. The stock had a trading volume of 476,156 shares, compared to its average volume of 4,931,692. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $54.29 billion, a P/E ratio of 34.26, a P/E/G ratio of 2.12 and a beta of 1.29. The company has a 50 day moving average price of $74.87 and a 200 day moving average price of $70.72. Johnson Controls International has a 1 year low of $50.00 and a 1 year high of $81.98.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, November 6th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.03. The company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $7.26 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. As a group, equities research analysts forecast that Johnson Controls International will post 3.68 EPS for the current year.

Insider Buying and Selling

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total value of $8,494,125.85. Following the completion of the transaction, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at approximately $95,507,639.29. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the completion of the transaction, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $95,507,639.29. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the transaction, the chief operating officer now directly owns 143,488 shares of the company’s stock, valued at $10,438,752. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 226,141 shares of company stock valued at $16,904,519 over the last ninety days. Company insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

Hedge funds have recently bought and sold shares of the business. Texas Permanent School Fund Corp raised its stake in shares of Johnson Controls International by 0.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 140,880 shares of the company’s stock worth $9,202,000 after buying an additional 406 shares during the period. Advisory Alpha LLC acquired a new position in Johnson Controls International during the first quarter worth $204,000. Envestnet Portfolio Solutions Inc. lifted its holdings in Johnson Controls International by 16.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 89,314 shares of the company’s stock valued at $5,834,000 after purchasing an additional 12,561 shares in the last quarter. Empowered Funds LLC grew its position in shares of Johnson Controls International by 206.0% in the first quarter. Empowered Funds LLC now owns 30,571 shares of the company’s stock valued at $1,997,000 after purchasing an additional 20,579 shares during the period. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Johnson Controls International by 5.8% during the first quarter. Oppenheimer & Co. Inc. now owns 92,563 shares of the company’s stock worth $6,046,000 after purchasing an additional 5,056 shares in the last quarter. Hedge funds and other institutional investors 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.