Cowen Lowers Johnson Controls International (NYSE:JCI) Price Target to $70.00

Johnson Controls International (NYSE:JCIGet Rating) had its price target reduced by investment analysts at Cowen from $86.00 to $70.00 in a report released on Thursday, Stock Target Advisor reports. Cowen’s target price would suggest a potential upside of 31.43% from the stock’s current price.

Several other brokerages have also commented on JCI. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Johnson Controls International from $79.00 to $70.00 in a research note on Thursday. Mizuho dropped their price target on shares of Johnson Controls International from $88.00 to $68.00 in a research note on Thursday. Bank of America assumed coverage on shares of Johnson Controls International in a research note on Monday, May 2nd. They set a “buy” rating and a $85.00 price target on the stock. Cowen dropped their price target on shares of Johnson Controls International from $86.00 to $70.00 in a research note on Thursday. Finally, Barclays dropped their price target on shares of Johnson Controls International from $80.00 to $68.00 in a research note on Thursday. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Johnson Controls International currently has an average rating of “Buy” and an average price target of $74.73.

Johnson Controls International stock opened at $53.26 on Thursday. The firm has a market cap of $37.43 billion, a PE ratio of 30.61, a P/E/G ratio of 1.36 and a beta of 1.14. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.79 and a current ratio of 1.00. The firm’s 50 day moving average price is $63.08 and its two-hundred day moving average price is $70.71. Johnson Controls International has a twelve month low of $51.80 and a twelve month high of $81.77.

Johnson Controls International (NYSE:JCIGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.63 earnings per share for the quarter, meeting the consensus estimate of $0.63. The firm had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.16 billion. Johnson Controls International had a net margin of 5.00% and a return on equity of 11.10%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. Equities analysts anticipate that Johnson Controls International will post 3 EPS for the current fiscal year.

In other Johnson Controls International news, VP Robert M. Vanhimbergen sold 5,683 shares of the 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 can be accessed through the SEC website. Company insiders own 0.76% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in Johnson Controls International by 2.2% in the 4th quarter. BlackRock Inc. now owns 58,601,139 shares of the company’s stock valued at $4,764,859,000 after purchasing an additional 1,257,916 shares during the period. 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 valued at $3,199,857,000 after purchasing an additional 6,243,817 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Johnson Controls International by 2.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 35,951,292 shares of the company’s stock worth $2,923,200,000 after acquiring an additional 746,773 shares during the period. State Street Corp lifted its holdings in shares of Johnson Controls International by 1.7% during the 4th quarter. State Street Corp now owns 32,428,082 shares of the company’s stock worth $2,647,626,000 after acquiring an additional 543,571 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Johnson Controls International by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 11,675,879 shares of the company’s stock worth $946,628,000 after acquiring an additional 143,982 shares during the period. 88.54% of the stock is owned by hedge funds and other 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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