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

Johnson Controls International (NYSE:JCI) had its target price upped by equities research analysts at Royal Bank Of Canada from $112.00 to $114.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 8.47% from the stock’s current price.

JCI has been the subject of several other research reports. Wells Fargo & Company raised their price target on Johnson Controls International from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Vertical Research upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research report on Thursday, May 8th. Citigroup restated a “neutral” rating and issued a $110.00 target price (up from $94.00) on shares of Johnson Controls International in a report on Monday, July 14th. Morgan Stanley lifted their price target on shares of Johnson Controls International from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $120.00 price objective on shares of Johnson Controls International in a research note on Thursday, July 24th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $105.17.

Johnson Controls International Stock Performance

NYSE:JCI opened at $105.10 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $69.16 billion, a P/E ratio of 31.19, a price-to-earnings-growth ratio of 1.85 and a beta of 1.31. The firm has a 50-day moving average price of $104.65 and a two-hundred day moving average price of $90.66. Johnson Controls International has a twelve month low of $64.31 and a twelve month high of $112.63.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.99 by $0.06. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.99 billion. As a group, research analysts expect that Johnson Controls International will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International announced that its board has initiated a share buyback program on Friday, June 13th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to buy up to 13.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Johnson Controls International

In other news, CFO Marc Vandiepenbeeck sold 28,289 shares of the firm’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $90.92, for a total value of $2,572,035.88. Following the transaction, the chief financial officer owned 147,673 shares of the company’s stock, valued at approximately $13,426,429.16. This trade represents a 16.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director George Oliver sold 100,000 shares of Johnson Controls International stock in a transaction on Friday, May 9th. The shares were sold at an average price of $91.70, for a total transaction of $9,170,000.00. Following the transaction, the director owned 904,305 shares in the company, valued at $82,924,768.50. The trade was a 9.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,133 shares of company stock worth $13,581,520 in the last quarter. Company insiders own 0.54% of the company’s stock.

Institutional Trading of Johnson Controls International

Large investors have recently added to or reduced their stakes in the stock. Cerity Partners LLC boosted its stake in shares of Johnson Controls International by 69.8% in the first quarter. Cerity Partners LLC now owns 113,059 shares of the company’s stock valued at $9,057,000 after purchasing an additional 46,459 shares during the period. G&S Capital LLC lifted its holdings in Johnson Controls International by 81.4% in the 1st quarter. G&S Capital LLC now owns 30,342 shares of the company’s stock worth $2,431,000 after buying an additional 13,612 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Johnson Controls International by 27.8% in the 1st quarter. GAMMA Investing LLC now owns 14,720 shares of the company’s stock worth $1,179,000 after buying an additional 3,201 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Johnson Controls International by 2,213.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 709,431 shares of the company’s stock valued at $57,748,000 after buying an additional 678,766 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC grew its stake in shares of Johnson Controls International by 22.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,987 shares of the company’s stock valued at $480,000 after acquiring an additional 1,096 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.