Morgan Stanley Forecasts Strong Price Appreciation for Johnson Controls International (NYSE:JCI) Stock

Johnson Controls International (NYSE:JCI) had its price objective increased by equities research analysts at Morgan Stanley from $95.00 to $105.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 19.65% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Citigroup dropped their target price on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Melius cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective on the stock. in a research report on Tuesday, January 28th. Melius Research reissued a “hold” rating and issued a $95.00 target price on shares of Johnson Controls International in a research note on Tuesday, January 28th. Oppenheimer lifted their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Barclays increased their price objective on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International currently has an average rating of “Hold” and an average price target of $90.27.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $87.76 on Thursday. Johnson Controls International has a 52-week low of $54.07 and a 52-week high of $88.90. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The firm’s fifty day moving average is $80.85 and its 200 day moving average is $76.84. The company has a market cap of $57.93 billion, a price-to-earnings ratio of 34.55, a PEG ratio of 2.24 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.49% and a return on equity of 14.51%. Sell-side analysts forecast that Johnson Controls International will post 3.45 EPS for the current fiscal year.

Insider Activity

In other Johnson Controls International news, CEO George Oliver sold 110,616 shares of Johnson Controls International stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $84.60, for a total value of $9,358,113.60. Following the transaction, the chief executive officer now owns 1,244,617 shares in the company, valued at $105,294,598.20. The trade was a 8.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the sale, the vice president now directly owns 148,346 shares of the company’s stock, valued at approximately $11,339,568.24. The trade was a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 856,326 shares of company stock worth $72,313,086. 0.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Johnson Controls International

Several institutional investors and hedge funds have recently bought and sold shares of the company. Czech National Bank grew its stake in Johnson Controls International by 6.0% during the 3rd quarter. Czech National Bank now owns 136,081 shares of the company’s stock worth $10,561,000 after buying an additional 7,723 shares during the last quarter. Mather Group LLC. boosted its holdings in Johnson Controls International by 30.1% in the third quarter. Mather Group LLC. now owns 2,241 shares of the company’s stock worth $174,000 after acquiring an additional 518 shares in the last quarter. Atomi Financial Group Inc. grew its stake in shares of Johnson Controls International by 8.4% during the third quarter. Atomi Financial Group Inc. now owns 6,178 shares of the company’s stock worth $479,000 after acquiring an additional 481 shares during the last quarter. Daymark Wealth Partners LLC increased its holdings in shares of Johnson Controls International by 24.4% during the third quarter. Daymark Wealth Partners LLC now owns 23,335 shares of the company’s stock valued at $1,811,000 after acquiring an additional 4,576 shares in the last quarter. Finally, CWM LLC raised its position in shares of Johnson Controls International by 1.7% in the 3rd quarter. CWM LLC now owns 26,942 shares of the company’s stock valued at $2,091,000 after purchasing an additional 451 shares during the last quarter. 90.05% of the stock is 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.