Johnson Controls International (NYSE:JCI) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Johnson Controls International (NYSE:JCI) had its target price hoisted by research analysts at Morgan Stanley from $95.00 to $105.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 21.00% from the stock’s previous close.

Several other equities research analysts have also recently commented on the company. Robert W. Baird lifted their target price on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Mizuho raised their price objective on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Oppenheimer lifted their target price on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. UBS Group initiated coverage on Johnson Controls International in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price target for the company. Finally, Citigroup dropped their price objective on 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. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Johnson Controls International presently has a consensus rating of “Hold” and an average target price of $88.53.

Johnson Controls International Stock Performance

NYSE JCI opened at $86.78 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The company’s fifty day moving average is $80.77 and its two-hundred day moving average is $76.76. Johnson Controls International has a 52-week low of $53.34 and a 52-week high of $88.90. The firm has a market capitalization of $57.29 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 2.24 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results 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 research analysts forecast that Johnson Controls International will post 3.45 EPS for the current year.

Insider Buying and Selling

In other Johnson Controls International news, CEO George Oliver sold 224,152 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the sale, the chief executive officer now owns 1,166,992 shares in the company, valued at $96,533,578.24. This represents a 16.11 % decrease in their ownership of the stock. The transaction 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 Johnson Controls International stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the transaction, the vice president now owns 148,346 shares of the company’s stock, valued at approximately $11,339,568.24. This trade represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 649,208 shares of company stock worth $54,081,073. 0.54% of the stock is owned by insiders.

Institutional Trading of Johnson Controls International

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

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.