Johnson Controls International (NYSE:JCI) Price Target Raised to $80.00 at Wells Fargo & Company

Johnson Controls International (NYSE:JCI) had its price target lifted by analysts at Wells Fargo & Company from $75.00 to $80.00 in a report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 11.62% from the company’s current price.

A number of other equities analysts have also commented on the company. UBS Group lowered Johnson Controls International from a “buy” rating to a “neutral” rating and cut their price target for the stock from $74.00 to $68.00 in a report on Monday, May 6th. Robert W. Baird raised their price target on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday. The Goldman Sachs Group lifted their price objective on Johnson Controls International from $66.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Citigroup lifted their price objective on Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, Barclays reduced their target price on Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $66.08.

Johnson Controls International Stock Up 0.2 %

Johnson Controls International stock traded up $0.13 during midday trading on Thursday, reaching $71.67. The stock had a trading volume of 546,911 shares, compared to its average volume of 5,352,011. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average price of $69.43 and a two-hundred day moving average price of $64.19. The company has a market capitalization of $48.28 billion, a P/E ratio of 29.18, a PEG ratio of 1.81 and a beta of 1.28. Johnson Controls International has a 12 month low of $47.90 and a 12 month high of $75.36.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.06. The company had revenue of $7.23 billion during the quarter, compared to analyst estimates of $7.53 billion. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. Johnson Controls International’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. As a group, equities analysts expect that Johnson Controls International will post 3.58 EPS for the current fiscal year.

Insider Activity

In other news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $66.01, for a total transaction of $77,033.67. Following the transaction, the chief operating officer now directly owns 104,556 shares of the company’s stock, valued at approximately $6,901,741.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $66.01, for a total value of $77,033.67. Following the transaction, the chief operating officer now directly owns 104,556 shares of the company’s stock, valued at approximately $6,901,741.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $62.86, for a total value of $188,580.00. Following the completion of the transaction, the chief operating officer now directly owns 106,891 shares in the company, valued at $6,719,168.26. The disclosure for this sale can be found here. Insiders have sold 18,067 shares of company stock valued at $1,163,404 in the last ninety days. 0.69% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Johnson Controls International

A number of institutional investors and hedge funds have recently bought and sold shares of JCI. Turtle Creek Wealth Advisors LLC bought a new stake in Johnson Controls International during the fourth quarter valued at about $25,000. Rise Advisors LLC purchased a new position in shares of Johnson Controls International during the first quarter valued at about $25,000. EdgeRock Capital LLC purchased a new position in shares of Johnson Controls International during the fourth quarter valued at about $27,000. Hexagon Capital Partners LLC grew its position in shares of Johnson Controls International by 114.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock valued at $29,000 after purchasing an additional 268 shares in the last quarter. Finally, Continuum Advisory LLC grew its position in shares of Johnson Controls International by 65.2% during the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

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.