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

Johnson Controls International (NYSE:JCI - Get Free Report) had its price objective lowered by stock analysts at JPMorgan Chase & Co. from $88.00 to $87.00 in a report released on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 9.53% from the stock's previous close.

JCI has been the subject of several other research reports. Citigroup reduced their price objective 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. Barclays boosted their price target on 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. Royal Bank of Canada upped their price target on Johnson Controls International from $81.00 to $86.00 and gave the stock a "sector perform" rating in a report on Thursday, November 7th. Robert W. Baird lifted their price objective on Johnson Controls International from $80.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Finally, StockNews.com lowered Johnson Controls International from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $82.53.

Johnson Controls International Price Performance

NYSE:JCI traded down $0.78 during trading hours on Wednesday, hitting $79.43. The company's stock had a trading volume of 5,092,535 shares, compared to its average volume of 2,568,337. Johnson Controls International has a 52-week low of $51.71 and a 52-week high of $87.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The business's 50-day moving average is $82.10 and its two-hundred day moving average is $75.52. The company has a market capitalization of $52.60 billion, a PE ratio of 31.27, a PEG ratio of 2.31 and a beta of 1.32.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International stock in a transaction dated Wednesday, December 11th. The stock was 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 owns 32,246 shares in the company, valued at $2,687,704.10. The trade was a 18.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO George Oliver sold 110,616 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the transaction, the chief executive officer now owns 1,244,617 shares in the company, valued at approximately $105,294,598.20. The trade was a 8.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 647,973 shares of company stock worth $53,986,862. Insiders own 0.69% of the company's stock.

Hedge Funds Weigh In On Johnson Controls International

A number of hedge funds have recently made changes to their positions in JCI. Parallel Advisors LLC increased its stake in Johnson Controls International by 26.3% during the second quarter. Parallel Advisors LLC now owns 6,973 shares of the company's stock worth $464,000 after acquiring an additional 1,452 shares during the last quarter. Virtu Financial LLC acquired a new stake in Johnson Controls International during the 2nd quarter worth approximately $2,018,000. Wealth Alliance purchased a new position in Johnson Controls International in the second quarter valued at approximately $241,000. Meiji Yasuda Asset Management Co Ltd. lifted its position in Johnson Controls International by 4.4% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 22,781 shares of the company's stock valued at $1,514,000 after buying an additional 950 shares in the last quarter. Finally, Tredje AP fonden grew its stake 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 buying an additional 11,200 shares during the period. 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.