Johnson Controls International (NYSE:JCI) Price Target Raised to $86.00

Johnson Controls International (NYSE:JCI - Get Free Report) had its price objective increased by investment analysts at Royal Bank of Canada from $81.00 to $86.00 in a report issued on Thursday,Benzinga reports. The firm presently has a "sector perform" rating on the stock. Royal Bank of Canada's price target would indicate a potential upside of 5.01% from the stock's previous close.

Several other research firms also recently commented on JCI. Morgan Stanley initiated coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They set an "overweight" rating and a $85.00 target price for the company. Wells Fargo & Company increased their price objective on Johnson Controls International from $84.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday. StockNews.com raised Johnson Controls International from a "hold" rating to a "buy" rating in a research report on Monday. Bank of America increased their price target on Johnson Controls International from $80.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Finally, The Goldman Sachs Group upped 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 note on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Johnson Controls International has a consensus rating of "Hold" and an average target price of $75.64.

Johnson Controls International Stock Up 0.5 %

Johnson Controls International stock traded up $0.43 during midday trading on Thursday, reaching $81.90. The stock had a trading volume of 4,840,075 shares, compared to its average volume of 4,951,894. The company has a fifty day moving average price of $74.87 and a two-hundred day moving average price of $70.72. Johnson Controls International has a 12 month low of $50.00 and a 12 month high of $82.21. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $54.71 billion, a P/E ratio of 34.19, a PEG ratio of 2.12 and a beta of 1.29.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.03. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $7.26 billion. As a group, equities analysts expect that Johnson Controls International will post 3.68 EPS for the current fiscal year.

Insider Transactions at Johnson Controls International

In related news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the transaction, the chief operating officer now directly owns 140,488 shares in the company, valued at approximately $10,828,815.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total value of $84,899.25. Following the sale, the chief operating officer now directly owns 143,488 shares of the company's stock, valued at approximately $10,438,752. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total transaction of $231,240.00. Following the completion of the transaction, the chief operating officer now owns 140,488 shares of the company's stock, valued at $10,828,815.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 226,141 shares of company stock worth $16,904,519 over the last quarter. Corporate insiders own 0.69% of the company's stock.

Institutional Trading of Johnson Controls International

Several institutional investors and hedge funds have recently bought and sold shares of JCI. Texas Permanent School Fund Corp grew its position in Johnson Controls International by 0.3% during the first 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 in the last quarter. Advisory Alpha LLC bought a new position in shares of Johnson Controls International in the 1st quarter worth $204,000. Envestnet Portfolio Solutions Inc. raised its position in shares of Johnson Controls International by 16.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 89,314 shares of the company's stock valued at $5,834,000 after buying an additional 12,561 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Johnson Controls International by 206.0% during the 1st quarter. Empowered Funds LLC now owns 30,571 shares of the company's stock worth $1,997,000 after acquiring an additional 20,579 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in Johnson Controls International by 5.8% in the first quarter. Oppenheimer & Co. Inc. now owns 92,563 shares of the company's stock worth $6,046,000 after acquiring an additional 5,056 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

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.