Johnson Controls International (NYSE:JCI) Price Target Cut to $66.00

Johnson Controls International (NYSE:JCI) had its target price dropped by stock analysts at Barclays from $69.00 to $66.00 in a report issued on Thursday, FlyOnTheWall reports. Barclays‘s price objective indicates a potential upside of 15.08% from the company’s previous close.

JCI has been the subject of several other research reports. StockNews.com initiated coverage on shares of Johnson Controls International in a research report on Thursday, August 17th. They issued a “buy” rating for the company. Royal Bank of Canada decreased their target price on shares of Johnson Controls International from $68.00 to $67.00 and set a “sector perform” rating for the company in a research report on Thursday, August 3rd. Oppenheimer decreased their target price on shares of Johnson Controls International from $79.00 to $78.00 and set an “outperform” rating for the company in a research report on Thursday, August 3rd. Morgan Stanley decreased their target price on shares of Johnson Controls International from $77.00 to $73.00 and set an “overweight” rating for the company in a research report on Thursday, August 3rd. Finally, Wells Fargo & Company raised their price target on shares of Johnson Controls International from $69.00 to $74.00 in a report on Monday, July 10th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $71.08.

Johnson Controls International Stock Performance

Shares of NYSE:JCI opened at $57.35 on Thursday. The company has a market capitalization of $39.02 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 1.15 and a beta of 1.25. Johnson Controls International has a 12 month low of $48.82 and a 12 month high of $70.43. The firm’s 50-day moving average is $63.54 and its 200 day moving average is $62.16. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.49.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $1.03 EPS for the quarter, meeting the consensus estimate of $1.03. The company had revenue of $7.13 billion for the quarter, compared to the consensus estimate of $7.20 billion. Johnson Controls International had a net margin of 7.74% and a return on equity of 13.69%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. Research analysts predict that Johnson Controls International will post 3.55 EPS for the current year.

Insider Activity

In other news, CEO George Oliver sold 103,332 shares of Johnson Controls International stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $59.23, for a total value of $6,120,354.36. Following the sale, the chief executive officer now owns 979,759 shares in the company, valued at $58,031,125.57. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.71% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

Several hedge funds and other institutional investors have recently modified their holdings of the business. Certified Advisory Corp purchased a new position in Johnson Controls International during the first quarter worth about $26,000. BDO Wealth Advisors LLC raised its stake in Johnson Controls International by 145.4% during the second quarter. BDO Wealth Advisors LLC now owns 427 shares of the company’s stock worth $29,000 after purchasing an additional 253 shares during the period. Coppell Advisory Solutions LLC purchased a new position in Johnson Controls International during the second quarter worth about $32,000. Elequin Securities LLC acquired a new stake in shares of Johnson Controls International during the fourth quarter valued at about $33,000. Finally, Strengthening Families & Communities LLC increased its position in shares of Johnson Controls International by 47.2% during the first quarter. Strengthening Families & Communities LLC now owns 627 shares of the company’s stock valued at $38,000 after acquiring an additional 201 shares during the last quarter. 88.64% of the stock is owned by hedge funds and other institutional investors.

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.