JPMorgan Chase & Co. Cuts Johnson Controls International (NYSE:JCI) Price Target to $87.00

Johnson Controls International (NYSE:JCI) had its price target dropped by investment analysts at JPMorgan Chase & Co. from $88.00 to $87.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 8.49% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on JCI. Barclays raised their price target on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Friday, December 20th. Bank of America upped their price target on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Oppenheimer upped their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Citigroup dropped their price target on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Monday. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International presently has an average rating of “Hold” and a consensus target price of $82.53.

Johnson Controls International Stock Up 1.1 %

JCI stock opened at $80.19 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. Johnson Controls International has a one year low of $51.71 and a one year high of $87.16. The stock has a market capitalization of $53.10 billion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 2.31 and a beta of 1.32. The company has a fifty day moving average of $82.10 and a 200-day moving average of $75.52.

Insiders Place Their Bets

In other Johnson Controls International news, CEO George Oliver sold 124,497 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $82.67, for a total transaction of $10,292,166.99. Following the sale, the chief executive officer now directly owns 1,267,716 shares of the company’s stock, valued at approximately $104,802,081.72. The trade was a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marlon Sullivan sold 7,230 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the sale, the executive vice president now directly owns 32,246 shares in the company, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 647,973 shares of company stock worth $53,986,862. 0.69% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Parallel Advisors LLC grew its position in shares of Johnson Controls International by 26.3% during the 2nd quarter. Parallel Advisors LLC now owns 6,973 shares of the company’s stock worth $464,000 after buying an additional 1,452 shares during the period. Virtu Financial LLC acquired a new stake in Johnson Controls International during the 2nd quarter worth approximately $2,018,000. Wealth Alliance acquired a new position in shares of Johnson Controls International in the second quarter valued at approximately $241,000. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Johnson Controls International by 4.4% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 22,781 shares of the company’s stock valued at $1,514,000 after purchasing an additional 950 shares during the period. Finally, Tredje AP fonden boosted its holdings in Johnson Controls International by 5.0% during the second quarter. Tredje AP fonden now owns 233,397 shares of the company’s stock worth $15,514,000 after purchasing an additional 11,200 shares during the last quarter. 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.