Barclays Cuts Johnson Controls International (NYSE:JCI) Price Target to $59.00

Johnson Controls International (NYSE:JCI) had its target price trimmed by Barclays from $61.00 to $59.00 in a research report report published on Thursday, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a hold rating and issued a $60.00 price objective (down from $65.00) on shares of Johnson Controls International in a report on Wednesday, January 31st. Mizuho downgraded Johnson Controls International from a buy rating to a neutral rating and set a $62.00 price target for the company. in a report on Friday, February 23rd. Oppenheimer dropped their price objective on Johnson Controls International from $71.00 to $70.00 and set an outperform rating on the stock in a report on Thursday. Royal Bank of Canada decreased their target price on Johnson Controls International from $50.00 to $48.00 and set an underperform rating for the company in a research note on Wednesday, January 31st. Finally, Melius Research reaffirmed a hold rating on shares of Johnson Controls International in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $64.25.

Johnson Controls International Stock Up 2.7 %

Shares of NYSE:JCI traded up $1.63 during trading on Thursday, hitting $62.38. The company’s stock had a trading volume of 7,096,178 shares, compared to its average volume of 4,978,445. The company has a market capitalization of $42.02 billion, a PE ratio of 25.26, a P/E/G ratio of 1.59 and a beta of 1.23. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.73 and a current ratio of 0.87. Johnson Controls International has a fifty-two week low of $47.90 and a fifty-two week high of $70.43. The business has a 50 day moving average price of $63.31 and a two-hundred day moving average price of $57.22.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.03. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.51 billion. During the same quarter in the prior year, the business earned $0.75 EPS. Johnson Controls International’s revenue was down 6.1% on a year-over-year basis. As a group, research analysts expect that Johnson Controls International will post 3.61 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Friday, March 22nd. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Optimum Investment Advisors raised its stake in shares of Johnson Controls International by 17.5% during the fourth quarter. Optimum Investment Advisors now owns 1,175 shares of the company’s stock worth $68,000 after purchasing an additional 175 shares during the last quarter. Raleigh Capital Management Inc. lifted its stake in shares of Johnson Controls International by 3.9% in the 3rd quarter. Raleigh Capital Management Inc. now owns 4,767 shares of the company’s stock worth $254,000 after acquiring an additional 179 shares during the period. Glassy Mountain Advisors Inc. boosted its holdings in shares of Johnson Controls International by 0.4% in the first quarter. Glassy Mountain Advisors Inc. now owns 50,282 shares of the company’s stock valued at $3,284,000 after acquiring an additional 181 shares in the last quarter. BSW Wealth Partners increased its stake in shares of Johnson Controls International by 4.3% during the fourth quarter. BSW Wealth Partners now owns 4,494 shares of the company’s stock worth $259,000 after acquiring an additional 185 shares during the period. Finally, HCR Wealth Advisors raised its holdings in Johnson Controls International by 1.2% during the fourth quarter. HCR Wealth Advisors now owns 16,225 shares of the company’s stock worth $935,000 after purchasing an additional 185 shares in 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, 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.