Johnson Controls International (NYSE:JCI) Price Target Increased to $75.00 by Analysts at Mizuho

Johnson Controls International (NYSE:JCI) had its target price raised by equities research analysts at Mizuho from $62.00 to $75.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price objective points to a potential downside of 3.14% from the company’s previous close.

JCI has been the topic of several other reports. Robert W. Baird upped their price target on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Barclays increased their price target on shares of Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company raised their price target on shares of Johnson Controls International from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. The Goldman Sachs Group upped their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Oppenheimer lifted their target price on shares of Johnson Controls International from $79.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Johnson Controls International currently has an average rating of “Hold” and a consensus target price of $73.43.

Johnson Controls International Stock Performance

Shares of JCI opened at $77.43 on Thursday. The company has a 50-day moving average of $73.12 and a two-hundred day moving average of $69.60. The stock has a market cap of $51.72 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 2.09 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73. Johnson Controls International has a one year low of $47.90 and a one year high of $78.23.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.06. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The firm had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.53 billion. During the same period in the previous year, the company posted $1.03 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities research analysts expect that Johnson Controls International will post 3.68 earnings per share for the current year.

Insider Activity

In related news, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total value of $8,494,125.85. Following the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $95,507,639.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the completion of the transaction, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at approximately $95,507,639.29. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the sale, the chief operating officer now directly owns 140,488 shares in the company, valued at $10,828,815.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 227,494 shares of company stock valued at $16,997,782 over the last 90 days. 0.69% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Johnson Controls International

Institutional investors and hedge funds have recently bought and sold shares of the stock. SageView Advisory Group LLC bought a new position in shares of Johnson Controls International during the 4th quarter worth about $262,000. HighPoint Advisor Group LLC acquired a new position in Johnson Controls International in the 4th quarter valued at approximately $482,000. CWM LLC lifted its position in shares of Johnson Controls International by 7.5% in the 1st quarter. CWM LLC now owns 26,705 shares of the company’s stock worth $1,744,000 after acquiring an additional 1,854 shares during the period. NBC Securities Inc. increased its position in shares of Johnson Controls International by 20.3% during the first quarter. NBC Securities Inc. now owns 10,098 shares of the company’s stock valued at $659,000 after purchasing an additional 1,706 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Johnson Controls International by 14.5% in the first quarter. GAMMA Investing LLC now owns 4,775 shares of the company’s stock valued at $312,000 after purchasing an additional 605 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

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.