The Goldman Sachs Group Forecasts Strong Price Appreciation for Johnson Controls International (NYSE:JCI) Stock

Johnson Controls International (NYSE:JCI) had its price objective lifted by analysts at The Goldman Sachs Group from $186.00 to $191.00 in a report released on Wednesday. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 27.87% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research report on Friday, September 4th. Wall Street Zen cut Johnson Controls International from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Sanford C. Bernstein increased their price objective on shares of Johnson Controls International from $173.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Zacks Research lowered Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Finally, Wells Fargo & Company assumed coverage on shares of Johnson Controls International in a report on Thursday, September 24th. They set an “overweight” rating and a $186.00 price target on the stock. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $160.35.

Johnson Controls International Stock Up 0.3%

JCI opened at $149.37 on Wednesday. Johnson Controls International has a 1-year low of $104.49 and a 1-year high of $157.06. The stock has a market cap of $90.48 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 1.43 and a beta of 1.29. The stock’s fifty day simple moving average is $145.54 and its 200 day simple moving average is $141.82. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.12. The company had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. Johnson Controls International’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.05 EPS. As a group, research analysts expect that Johnson Controls International will post 5.08 earnings per share for the current year.

Insider Activity at Johnson Controls International

In related news, VP Lei Schlitz sold 23,417 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the sale, the vice president owned 15,017 shares in the company, valued at approximately $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.29% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Johnson Controls International

Several hedge funds have recently modified their holdings of the company. QRG Capital Management Inc. grew its holdings in shares of Johnson Controls International by 4.7% in the second quarter. QRG Capital Management Inc. now owns 222,168 shares of the company’s stock valued at $32,461,000 after acquiring an additional 9,988 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Johnson Controls International by 14.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,499 shares of the company’s stock worth $7,232,000 after acquiring an additional 6,173 shares during the period. State Street Corp lifted its holdings in Johnson Controls International by 2.2% during the second quarter. State Street Corp now owns 28,283,873 shares of the company’s stock worth $4,143,674,000 after acquiring an additional 621,319 shares during the period. Sequoia Financial Advisors LLC boosted its position in Johnson Controls International by 17.5% in the second quarter. Sequoia Financial Advisors LLC now owns 37,970 shares of the company’s stock worth $5,548,000 after purchasing an additional 5,650 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its position in Johnson Controls International by 82.5% in the second quarter. Engineers Gate Manager LP now owns 116,133 shares of the company’s stock worth $16,968,000 after purchasing an additional 52,484 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Company Profile

Johnson Controls International plc (NYSE: JCI) is a global provider of building technology, products and services. The company helps commercial, institutional and industrial customers improve building performance, energy efficiency, safety and occupant comfort through integrated solutions.

Its offerings include heating, ventilation and air-conditioning systems; building automation and controls; fire detection and suppression equipment; security systems; energy management technologies; and related service, maintenance and digital solutions.