Johnson Controls International (NYSE:JCI) Given New $70.00 Price Target at Oppenheimer

Johnson Controls International (NYSE:JCI) had its price objective reduced by research analysts at Oppenheimer from $71.00 to $70.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price target would indicate a potential upside of 15.82% from the company’s current price.

Several other equities research analysts also recently weighed in on JCI. Wells Fargo & Company raised their price target on Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Barclays raised their price target on Johnson Controls International from $59.00 to $61.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $60.00 price target (down previously from $65.00) on shares of Johnson Controls International in a report on Wednesday, January 31st. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Finally, Melius Research reaffirmed a “hold” rating on shares of Johnson Controls International in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $64.42.

Johnson Controls International Price Performance

Shares of JCI stock opened at $60.44 on Thursday. Johnson Controls International has a 1-year low of $47.90 and a 1-year high of $70.43. The stock’s 50-day moving average is $63.18 and its 200 day moving average is $57.13. The company has a market cap of $41.19 billion, a P/E ratio of 19.69, a PEG ratio of 1.63 and a beta of 1.23. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.97 and a quick ratio of 0.73.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The business had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.94 billion. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the company earned $0.67 earnings per share. Research analysts predict that Johnson Controls International will post 3.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of JCI. Rise Advisors LLC purchased a new stake in shares of Johnson Controls International in the first quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Johnson Controls International in the fourth quarter worth approximately $25,000. EdgeRock Capital LLC acquired a new stake in shares of Johnson Controls International in the fourth quarter worth approximately $27,000. NBC Securities Inc. acquired a new stake in shares of Johnson Controls International in the third quarter worth approximately $26,000. Finally, Hexagon Capital Partners LLC boosted its stake in shares of Johnson Controls International by 114.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock worth $29,000 after acquiring an additional 268 shares during the last quarter. 90.05% of the stock is currently 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.