Johnson Controls International (NYSE:JCI) PT Lowered to $70.00 at Deutsche Bank Aktiengesellschaft

Johnson Controls International (NYSE:JCIGet Rating) had its target price reduced by equities researchers at Deutsche Bank Aktiengesellschaft from $79.00 to $70.00 in a research note issued on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 23.85% from the stock’s current price.

JCI has been the topic of a number of other reports. Credit Suisse Group dropped their price objective on Johnson Controls International from $80.00 to $73.00 in a research note on Thursday. Mizuho lowered their price target on Johnson Controls International from $88.00 to $68.00 in a research note on Thursday. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Tuesday, March 29th. Morgan Stanley lowered their price target on Johnson Controls International from $84.00 to $82.00 and set an “overweight” rating on the stock in a research note on Thursday, April 7th. Finally, Barclays lowered their price target on Johnson Controls International from $80.00 to $68.00 in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $76.69.

Johnson Controls International stock opened at $56.52 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.79 and a current ratio of 1.04. The business’s 50-day simple moving average is $63.54 and its 200-day simple moving average is $70.96. The firm has a market capitalization of $39.72 billion, a PE ratio of 25.69, a PEG ratio of 2.35 and a beta of 1.14. Johnson Controls International has a 52 week low of $51.80 and a 52 week high of $81.77.

Johnson Controls International (NYSE:JCIGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.63 EPS for the quarter, hitting analysts’ consensus estimates of $0.63. The business had revenue of $6.10 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share. Research analysts forecast that Johnson Controls International will post 3.27 earnings per share for the current year.

In other news, VP Robert M. Vanhimbergen sold 5,683 shares of the business’s stock in a transaction that occurred on Friday, February 25th. The stock was 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 SEC, which is available through this hyperlink. 0.76% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in JCI. Norges Bank acquired a new position in shares of Johnson Controls International in the 4th quarter worth approximately $552,369,000. Wellington Management Group LLP boosted its holdings in shares of 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 acquiring an additional 6,243,817 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of 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 acquiring an additional 2,678,321 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Johnson Controls International in the 1st quarter worth approximately $134,563,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of 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 acquiring an additional 1,606,780 shares in the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

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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