Johnson Controls International (NYSE:JCI) Given New $73.00 Price Target at The Goldman Sachs Group

Johnson Controls International (NYSE:JCI) had its price objective lifted by research analysts at The Goldman Sachs Group from $66.00 to $73.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 8.89% from the company’s previous close.

Other analysts have also issued reports about the company. UBS Group lowered Johnson Controls International from a “buy” rating to a “neutral” rating and cut their price target for the company from $74.00 to $68.00 in a report on Monday, May 6th. Barclays boosted their price target on Johnson Controls International from $59.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday, June 21st. Oppenheimer boosted their price target on Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a report on Thursday, June 27th. Wells Fargo & Company boosted their price target on Johnson Controls International from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Citigroup boosted their price target on Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $64.75.

Johnson Controls International Trading Down 0.1 %

JCI stock traded down $0.10 during midday trading on Wednesday, hitting $67.04. 592,717 shares of the company’s stock were exchanged, compared to its average volume of 5,401,122. The stock’s fifty day moving average price is $68.49 and its 200-day moving average price is $62.87. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.65 and a current ratio of 0.87. The company has a market cap of $45.16 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 1.75 and a beta of 1.28. Johnson Controls International has a one year low of $47.90 and a one year high of $74.23.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.03. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.51 billion. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share. Research analysts predict that Johnson Controls International will post 3.59 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Juergen Tinggren sold 4,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $62.31, for a total value of $249,240.00. Following the completion of the transaction, the director now directly owns 30,120 shares in the company, valued at approximately $1,876,777.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Juergen Tinggren sold 4,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $62.31, for a total value of $249,240.00. Following the completion of the transaction, the director now directly owns 30,120 shares in the company, valued at approximately $1,876,777.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $66.01, for a total value of $77,033.67. Following the completion of the transaction, the chief operating officer now owns 104,556 shares of the company’s stock, valued at $6,901,741.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,067 shares of company stock worth $1,162,299. Insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JCI. Turtle Creek Wealth Advisors LLC acquired a new stake in Johnson Controls International in the fourth quarter valued at $25,000. Rise Advisors LLC acquired a new stake in Johnson Controls International in the first quarter valued at $25,000. EdgeRock Capital LLC acquired a new stake in Johnson Controls International in the fourth quarter valued at $27,000. Hexagon Capital Partners LLC increased its holdings in Johnson Controls International by 114.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock valued at $29,000 after purchasing an additional 268 shares during the period. Finally, Headinvest LLC acquired a new stake in Johnson Controls International in the third quarter valued at $30,000. 90.05% of the stock is currently owned by institutional investors.

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.