Johnson Controls International (NYSE:JCI) Given New $175.00 Price Target at Bank of America

Johnson Controls International (NYSE:JCI) had its target price lifted by investment analysts at Bank of America from $152.00 to $175.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price objective indicates a potential upside of 13.61% from the company’s previous close.

A number of other research firms also recently issued reports on JCI. Wells Fargo & Company began coverage on shares of Johnson Controls International in a report on Thursday, September 24th. They issued an “overweight” rating and a $186.00 target price for the company. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Johnson Controls International from $180.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, September 30th. Argus set a $175.00 price objective on Johnson Controls International in a report on Friday, August 7th. Zacks Research lowered Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a research note on Friday, September 4th. Fourteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Johnson Controls International presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.05.

Johnson Controls International Trading Down 1.2%

Shares of NYSE:JCI traded down $1.89 during midday trading on Thursday, reaching $154.04. The company’s stock had a trading volume of 1,530,210 shares, compared to its average volume of 4,126,158. The firm has a market cap of $93.31 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 1.21 and a beta of 1.27. The business has a 50 day moving average price of $147.04 and a 200 day moving average price of $142.78. Johnson Controls International has a 1 year low of $104.49 and a 1 year high of $160.41. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61.

Johnson Controls International (NYSE:JCI) last released its earnings results on Thursday, July 30th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.12. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The firm had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the prior year, the business posted $1.05 earnings per share. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Research analysts forecast that Johnson Controls International will post 5.08 EPS for the current year.

Insider Activity at Johnson Controls International

In related news, VP Lei Schlitz sold 23,417 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the sale, the vice president directly owned 15,017 shares in the company, valued at approximately $2,298,652.19. This trade represents a 60.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. NBH Bank acquired a new stake in Johnson Controls International during the 2nd quarter valued at $29,000. Fourth Dimension Wealth LLC boosted its position in Johnson Controls International by 51.3% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock valued at $34,000 after buying an additional 78 shares during the last quarter. First Bancorp Inc ME purchased a new position in Johnson Controls International in the 2nd quarter valued at about $34,000. Axiom Investment Management LLC acquired a new stake in shares of Johnson Controls International during the second quarter valued at about $41,000. Finally, SJS Investment Consulting Inc. grew its stake in shares of Johnson Controls International by 747.1% during the first quarter. SJS Investment Consulting Inc. now owns 288 shares of the company’s stock valued at $38,000 after acquiring an additional 254 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

About Johnson Controls International

Johnson Controls International plc (NYSE: JCI) is a global provider of building technology, products and services. The company helps commercial, institutional and industrial customers improve building performance, energy efficiency, safety and occupant comfort through integrated solutions.

Its offerings include heating, ventilation and air-conditioning systems; building automation and controls; fire detection and suppression equipment; security systems; energy management technologies; and related service, maintenance and digital solutions.