Johnson Controls International (NYSE:JCI) Stock Price Target Raised at Mizuho

Johnson Controls International (NYSE:JCI) had its price objective increased by Mizuho from $150.00 to $165.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s target price would indicate a potential upside of 8.38% from the company’s current price.

A number of other equities analysts also recently weighed in on JCI. The Goldman Sachs Group lifted their target price on shares of Johnson Controls International from $186.00 to $191.00 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Morgan Stanley boosted their target price on shares of Johnson Controls International from $175.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, September 2nd. Weiss Ratings raised shares of Johnson Controls International from a “buy (b)” rating to a “buy (a)” rating in a research report on Thursday, October 8th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Johnson Controls International in a report on Wednesday, October 7th. Finally, Citigroup increased their price target on Johnson Controls International from $157.00 to $170.00 and gave the stock a “neutral” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Johnson Controls International has a consensus rating of “Moderate Buy” and a consensus target price of $163.05.

Johnson Controls International Stock Performance

NYSE:JCI opened at $152.24 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00. Johnson Controls International has a fifty-two week low of $107.77 and a fifty-two week high of $160.41. The company has a 50 day simple moving average of $147.65 and a two-hundred day simple moving average of $143.53. The company has a market capitalization of $92.22 billion, a PE ratio of 26.48, a P/E/G ratio of 1.17 and a beta of 1.27.

Johnson Controls International (NYSE:JCI) last issued its quarterly 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 firm had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.05 EPS. Research analysts anticipate that Johnson Controls International will post 5.08 earnings per share for the current year.

Insider Buying and Selling at Johnson Controls International

In related news, VP Lei Schlitz sold 23,417 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the transaction, the vice president owned 15,017 shares in the company, valued at $2,298,652.19. The trade was a 60.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Johnson Controls International

A number of large investors have recently bought and sold shares of JCI. State Street Corp boosted its stake in Johnson Controls International by 2.2% in the second quarter. State Street Corp now owns 28,283,873 shares of the company’s stock valued at $4,143,674,000 after acquiring an additional 621,319 shares during the last quarter. Invesco Ltd. grew its position in shares of Johnson Controls International by 13.0% during the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock valued at $1,916,417,000 after acquiring an additional 1,837,220 shares during the period. Amundi grew its position in shares of Johnson Controls International by 157.2% during the 1st quarter. Amundi now owns 5,965,212 shares of the company’s stock valued at $781,145,000 after acquiring an additional 3,646,047 shares during the period. First Trust Advisors LP grew its position in shares of Johnson Controls International by 28.3% during the 1st quarter. First Trust Advisors LP now owns 5,761,677 shares of the company’s stock valued at $754,492,000 after acquiring an additional 1,270,849 shares during the period. Finally, Pictet Asset Management Holding SA increased its stake in shares of Johnson Controls International by 0.9% during the 2nd quarter. Pictet Asset Management Holding SA now owns 2,331,718 shares of the company’s stock worth $340,501,000 after purchasing an additional 20,780 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.