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

Johnson Controls International (NYSE:JCI) had its price target hoisted by research analysts at Royal Bank of Canada from $86.00 to $93.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 5.65% from the company’s previous close.

Several other brokerages have also weighed in on JCI. Barclays lifted their target price on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. decreased their target price on shares of Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Friday, December 20th. Citigroup reduced their price target on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Finally, Mizuho boosted their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International currently has a consensus rating of “Hold” and an average price target of $89.40.

Johnson Controls International Stock Performance

JCI traded up $2.02 during trading on Thursday, hitting $88.03. The stock had a trading volume of 4,110,535 shares, compared to its average volume of 4,411,218. The firm has a market cap of $58.11 billion, a PE ratio of 34.47, a P/E/G ratio of 2.24 and a beta of 1.32. Johnson Controls International has a 12 month low of $53.34 and a 12 month high of $88.90. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The company has a 50 day simple moving average of $80.77 and a 200-day simple moving average of $76.76.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping 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%. Analysts expect that Johnson Controls International will post 3.45 EPS for the current year.

Insider Activity

In other Johnson Controls International news, 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 in the company, valued at $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO George Oliver sold 224,152 shares of the stock in a transaction dated 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. The trade was a 16.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 649,208 shares of company stock valued at $54,081,073 over the last ninety days. 0.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Johnson Controls International

A number of hedge funds have recently made changes to their positions in JCI. Czech National Bank boosted its stake in shares of 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 in the last quarter. Mather Group LLC. increased its holdings in shares of Johnson Controls International by 30.1% during 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 in the last quarter. Atomi Financial Group Inc. increased its holdings 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 valued at $479,000 after acquiring an additional 481 shares in the last quarter. Daymark Wealth Partners LLC grew its holdings in Johnson Controls International by 24.4% during 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 grew its holdings in Johnson Controls International by 1.7% during the third quarter. CWM LLC now owns 26,942 shares of the company’s stock worth $2,091,000 after buying an additional 451 shares in the last quarter. 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.