Johnson Controls International (NYSE:JCI) Given New $68.00 Price Target at Mizuho

Johnson Controls International (NYSE:JCI – Get Rating) had its price target reduced by analysts at Mizuho from $88.00 to $68.00 in a note issued to investors on Thursday, The Fly reports. Mizuho’s price objective points to a potential upside of 20.31% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Credit Suisse Group lowered their price objective on Johnson Controls International from $89.00 to $86.00 and set an “outperform” rating on the stock in a research report on Thursday, February 3rd. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Tuesday, March 29th. Bank of America started coverage on shares of Johnson Controls International in a research note on Monday. They set a “buy” rating and a $85.00 target price for the company. Morgan Stanley decreased their target price on shares of Johnson Controls International from $84.00 to $82.00 and set an “overweight” rating for the company in a research note on Thursday, April 7th. Finally, Wells Fargo & Company decreased their target price on shares of Johnson Controls International from $91.00 to $83.00 in a research note on Thursday, February 3rd. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $76.69.

JCI stock opened at $56.52 on Thursday. The stock has a market capitalization of $39.72 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 2.35 and a beta of 1.14. Johnson Controls International has a 12-month low of $51.80 and a 12-month high of $81.77. The company has a current ratio of 1.04, a quick ratio of 0.79 and a debt-to-equity ratio of 0.40. The stock’s 50 day simple moving average is $63.54 and its 200 day simple moving average is $70.96.

Johnson Controls International (NYSE:JCI – Get Rating) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. The business had revenue of $6.10 billion for the quarter, compared to analysts’ expectations of $6.16 billion. Johnson Controls International had a return on equity of 10.58% and a net margin of 6.48%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 EPS. On average, research analysts predict that Johnson Controls International will post 3.27 earnings per share for the current year.

In related news, VP Robert M. Vanhimbergen sold 5,683 shares of the company’s stock in a transaction on Friday, February 25th. The shares were sold at an average price of $64.44, for a total value of $366,212.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.76% of the company’s stock.

A number of institutional investors have recently modified their holdings of JCI. Norges Bank bought a new position in Johnson Controls International in the 4th quarter worth $552,369,000. Wellington Management Group LLP boosted its holdings in Johnson Controls International by 15.3% in the 3rd quarter. Wellington Management Group LLP now owns 47,001,412 shares of the company’s stock worth $3,199,857,000 after buying an additional 6,243,817 shares during the period. Schroder Investment Management Group boosted its holdings in Johnson Controls International by 759.0% in the 4th quarter. Schroder Investment Management Group now owns 3,031,203 shares of the company’s stock worth $246,468,000 after buying an additional 2,678,321 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Johnson Controls International in the 1st quarter worth $134,563,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Johnson Controls International by 4.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 35,204,519 shares of the company’s stock worth $2,396,724,000 after buying an additional 1,606,780 shares during the period. 88.54% of the stock is owned by institutional investors.

About Johnson Controls International (Get Rating)

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.

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