Johnson Controls International (NYSE:JCI) PT Raised to $71.00

Johnson Controls International (NYSE:JCI) had its price objective boosted by investment analysts at Oppenheimer from $66.00 to $71.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price target suggests a potential upside of 11.53% from the stock’s previous close.

A number of other equities analysts have also weighed in on JCI. Barclays upped their target price on shares of Johnson Controls International from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. HSBC downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price target on the stock. in a research note on Wednesday, January 31st. Melius Research reaffirmed a “hold” rating on shares of Johnson Controls International in a research note on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $60.00 price target (down previously from $65.00) on shares of Johnson Controls International in a research note on Wednesday, January 31st. Finally, Citigroup upped their price target on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $64.50.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $63.66 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 0.97. The firm has a fifty day moving average price of $61.94 and a 200 day moving average price of $56.42. Johnson Controls International has a fifty-two week low of $47.90 and a fifty-two week high of $70.43. The firm has a market cap of $43.38 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 1.60 and a beta of 1.24.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. Johnson Controls International had a net margin of 7.85% and a return on equity of 13.08%. The firm had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.94 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share. Johnson Controls International’s revenue for the quarter was up .4% on a year-over-year basis. As a group, sell-side analysts expect that Johnson Controls International will post 3.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Johnson Controls International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rise Advisors LLC purchased a new position in Johnson Controls International in the 1st quarter worth about $25,000. Certified Advisory Corp purchased a new position in Johnson Controls International in the 1st quarter worth about $26,000. Turtle Creek Wealth Advisors LLC purchased a new position in Johnson Controls International in the 4th quarter worth about $25,000. VitalStone Financial LLC increased its stake in Johnson Controls International by 2,873.3% in the 1st quarter. VitalStone Financial LLC now owns 446 shares of the company’s stock worth $39,000 after buying an additional 431 shares during the period. Finally, Coppell Advisory Solutions LLC purchased a new position in Johnson Controls International in the 2nd quarter worth about $32,000. Hedge funds and other 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.