Wells Fargo & Company Boosts Johnson Controls International (NYSE:JCI) Price Target to $90.00

Johnson Controls International (NYSE:JCI) had its price target boosted by equities research analysts at Wells Fargo & Company from $84.00 to $90.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 10.74% from the stock’s previous close.

JCI has been the subject of several other reports. The Goldman Sachs Group upped their target price on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Bank of America raised their price target on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Morgan Stanley initiated coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They set an “overweight” rating and a $85.00 price target on the stock. Royal Bank of Canada upgraded Johnson Controls International from an “underperform” rating to a “sector perform” rating and increased their price objective for the stock from $61.00 to $69.00 in a research report on Wednesday, August 14th. Finally, Mizuho lifted their target price on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International has an average rating of “Hold” and a consensus target price of $73.86.

Johnson Controls International Price Performance

JCI stock traded down $0.20 during midday trading on Thursday, reaching $81.27. The stock had a trading volume of 476,156 shares, compared to its average volume of 4,931,692. Johnson Controls International has a 52-week low of $50.00 and a 52-week high of $81.98. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The company’s fifty day simple moving average is $74.87 and its 200 day simple moving average is $70.72. The company has a market cap of $54.29 billion, a price-to-earnings ratio of 34.26, a price-to-earnings-growth ratio of 2.12 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.03. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The firm had revenue of $6.25 billion for the quarter, compared to analyst estimates of $7.26 billion. As a group, sell-side analysts predict that Johnson Controls International will post 3.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total value of $84,899.25. Following the completion of the transaction, the chief operating officer now owns 143,488 shares of the company’s stock, valued at $10,438,752. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction of $84,899.25. Following the sale, the chief operating officer now owns 143,488 shares in the company, valued at $10,438,752. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the transaction, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 226,141 shares of company stock valued at $16,904,519 in the last ninety days. Company insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

Large investors have recently modified their holdings of the company. Fortitude Family Office LLC grew its stake in shares of Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after purchasing an additional 278 shares in the last quarter. Continuum Advisory LLC boosted its position in shares of Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after acquiring an additional 208 shares in the last quarter. Wolff Wiese Magana LLC boosted its position in shares of Johnson Controls International by 977.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after acquiring an additional 430 shares in the last quarter. Western Pacific Wealth Management LP purchased a new position in shares of Johnson Controls International in the 3rd quarter valued at about $44,000. Finally, Hexagon Capital Partners LLC raised its position in shares of Johnson Controls International by 39.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after acquiring an additional 202 shares in 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.