Johnson Controls International (NYSE:JCI) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Johnson Controls International (NYSE:JCI) had its price objective upped by stock analysts at JPMorgan Chase & Co. from $87.00 to $100.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 14.26% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Citigroup lowered their price target on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Melius Research reaffirmed a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a research note on Tuesday, January 28th. StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Wells Fargo & Company upped their price target on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Melius cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target on the stock. in a research note on Tuesday, January 28th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $90.27.

Johnson Controls International Stock Performance

JCI stock traded up $1.51 on Thursday, hitting $87.52. The company’s stock had a trading volume of 4,976,402 shares, compared to its average volume of 4,441,205. The firm has a 50 day moving average of $80.77 and a two-hundred day moving average of $76.76. Johnson Controls International has a 1 year low of $53.34 and a 1 year high of $88.90. The stock has a market cap of $57.78 billion, a price-to-earnings ratio of 34.45, a price-to-earnings-growth ratio of 2.24 and a beta of 1.32. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.49% and a return on equity of 14.51%. Equities analysts predict that Johnson Controls International will post 3.45 EPS for the current fiscal year.

Insider Buying and Selling at Johnson Controls International

In other news, CEO George Oliver sold 110,616 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the transaction, the chief executive officer now directly owns 1,244,617 shares in the company, valued at $105,294,598.20. This represents a 8.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Nathan D. Manning sold 1,421 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the transaction, the vice president now owns 148,346 shares in the company, valued at $11,339,568.24. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 649,208 shares of company stock worth $54,081,073. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of Johnson Controls International

Large investors have recently bought and sold shares of the company. Compass Financial Services Inc acquired a new stake in Johnson Controls International in the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Johnson Controls International during the fourth quarter worth approximately $29,000. Fortitude Family Office LLC increased its stake in Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after purchasing an additional 278 shares during the last quarter. Wolff Wiese Magana LLC increased its stake in Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after purchasing an additional 430 shares during the last quarter. Finally, Synergy Asset Management LLC bought a new stake in Johnson Controls International during the fourth quarter valued at $42,000. Institutional investors and hedge funds 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.