Johnson Controls International (NYSE:JCI) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Johnson Controls International (NYSE:JCI) had its price target increased by analysts at Royal Bank of Canada from $86.00 to $93.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 5.97% from the company’s current price.

A number of other research firms have also recently commented on JCI. StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Melius downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective on the stock. in a research report on Tuesday, January 28th. Melius Research restated a “hold” rating and set a $95.00 target price on shares of Johnson Controls International in a research note on Tuesday, January 28th. UBS Group began coverage on Johnson Controls International in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price target for the company. Finally, Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Friday, December 20th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International currently has a consensus rating of “Hold” and an average price target of $90.27.

Johnson Controls International Trading Down 0.3 %

Shares of Johnson Controls International stock opened at $87.76 on Thursday. Johnson Controls International has a 1-year low of $54.07 and a 1-year high of $88.90. The company’s fifty day simple moving average is $80.85 and its 200-day simple moving average is $76.84. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The stock has a market capitalization of $57.93 billion, a PE ratio of 34.55, a P/E/G ratio of 2.24 and a beta of 1.32.

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

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 124,497 shares of the business’s 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 $104,802,081.72. The trade was a 8.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Nathan D. Manning sold 1,421 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the sale, the vice president now directly owns 148,346 shares of the company’s stock, valued at $11,339,568.24. The trade was a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 856,326 shares of company stock worth $72,313,086 over the last 90 days. 0.54% of the stock is owned by insiders.

Institutional Trading of Johnson Controls International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Compass Financial Services Inc purchased a new position in Johnson Controls International during the fourth quarter worth $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Johnson Controls International during the 4th quarter worth about $29,000. Fortitude Family Office LLC boosted its stake in shares of Johnson Controls International by 195.8% during the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after purchasing an additional 278 shares during the period. Wolff Wiese Magana LLC raised its position in Johnson Controls International by 977.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after purchasing an additional 430 shares during the period. Finally, Synergy Asset Management LLC bought a new stake in Johnson Controls International in the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

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.