Royal Bank of Canada Issues Positive Forecast for Johnson Controls International (NYSE:JCI) Stock Price

Johnson Controls International (NYSE:JCI) had its target price increased by investment analysts at Royal Bank of Canada from $81.00 to $86.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 5.37% from the stock’s current price.

JCI has been the subject of several other research reports. The Goldman Sachs Group raised their price objective on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Morgan Stanley assumed coverage on Johnson Controls International in a research note on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective on the stock. StockNews.com upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Monday. Barclays increased their price target on Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, Robert W. Baird lifted their price objective on shares of Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $75.07.

Johnson Controls International Trading Up 0.2 %

Shares of NYSE JCI traded up $0.15 during midday trading on Thursday, reaching $81.62. 1,554,155 shares of the stock were exchanged, compared to its average volume of 4,936,254. Johnson Controls International has a 12 month low of $50.00 and a 12 month high of $82.21. The company has a market capitalization of $54.52 billion, a price-to-earnings ratio of 34.10, a P/E/G ratio of 2.12 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73. The business has a 50-day simple moving average of $74.87 and a two-hundred day simple moving average of $70.72.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.03. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The business had revenue of $6.25 billion for the quarter, compared to analysts’ expectations of $7.26 billion. As a group, equities research analysts expect that Johnson Controls International will post 3.68 EPS for the current year.

Insiders Place Their Bets

In related news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the sale, the chief operating officer now directly owns 143,488 shares of the company’s stock, valued at $10,438,752. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, COO Nathan D. Manning sold 1,167 shares of the business’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 directly owns 143,488 shares in the company, valued at approximately $10,438,752. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $95,507,639.29. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 226,141 shares of company stock worth $16,904,519 over the last ninety days. Corporate insiders own 0.69% of the company’s stock.

Institutional Trading of Johnson Controls International

A number of large investors have recently bought and sold shares of JCI. Texas Permanent School Fund Corp boosted its position in shares of Johnson Controls International by 0.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 140,880 shares of the company’s stock worth $9,202,000 after purchasing an additional 406 shares in the last quarter. Advisory Alpha LLC acquired a new stake in Johnson Controls International in the first quarter valued at approximately $204,000. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Johnson Controls International by 16.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 89,314 shares of the company’s stock valued at $5,834,000 after acquiring an additional 12,561 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Johnson Controls International by 206.0% during the first quarter. Empowered Funds LLC now owns 30,571 shares of the company’s stock valued at $1,997,000 after acquiring an additional 20,579 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of Johnson Controls International by 5.8% during the first quarter. Oppenheimer & Co. Inc. now owns 92,563 shares of the company’s stock worth $6,046,000 after purchasing an additional 5,056 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.