Citigroup Cuts Johnson Controls International (NYSE:JCI) Price Target to $85.00

Johnson Controls International (NYSE:JCI) had its price objective decreased by investment analysts at Citigroup from $95.00 to $85.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective would indicate a potential upside of 8.25% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company upped their price target on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Morgan Stanley raised their price objective on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Royal Bank of Canada increased their price target on Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Friday, December 20th. Finally, UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and raised their price target for the company from $90.00 to $103.00 in a report on Monday, February 10th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $90.07.

Johnson Controls International Trading Up 1.0 %

NYSE:JCI traded up $0.80 during mid-day trading on Monday, reaching $78.52. 3,308,075 shares of the company’s stock traded hands, compared to its average volume of 4,464,173. The company has a 50 day moving average price of $82.34 and a 200-day moving average price of $80.82. Johnson Controls International has a 12-month low of $59.83 and a 12-month high of $91.14. The firm has a market capitalization of $51.83 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 1.96 and a beta of 1.22. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, sell-side analysts predict that Johnson Controls International will post 3.64 earnings per share for the current year.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,421 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Oliver sold 205,168 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the sale, the chief executive officer now directly owns 1,260,527 shares in the company, valued at approximately $110,964,191.81. This represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 907,286 shares of company stock worth $77,938,071 over the last three months. 0.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Johnson Controls International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its position in Johnson Controls International by 101.5% during the fourth quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock valued at $2,093,000 after purchasing an additional 13,360 shares during the period. Certuity LLC acquired a new position in Johnson Controls International during the fourth quarter worth $243,000. BNC Wealth Management LLC acquired a new stake in Johnson Controls International in the 4th quarter worth about $2,093,000. Seros Financial LLC purchased a new position in Johnson Controls International in the 4th quarter valued at $561,000. Finally, Czech National Bank grew its stake in Johnson Controls International by 6.4% during the 4th quarter. Czech National Bank now owns 144,839 shares of the company’s stock valued at $11,432,000 after acquiring an additional 8,758 shares in the last quarter. 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.