Johnson Controls International (NYSE:JCI) had its target price boosted by Argus from $47.00 to $49.00 in a research report issued to clients and investors on Friday, Stock Target Advisor reports. The firm currently has a “buy” rating on the stock. Argus’ target price would suggest a potential upside of 15.24% from the stock’s previous close.
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Several other brokerages also recently issued reports on JCI. ValuEngine downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. boosted their price objective on shares of Johnson Controls International from $37.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Johnson Controls International currently has an average rating of “Buy” and a consensus price target of $41.78.
Shares of NYSE:JCI traded up $0.23 during trading on Friday, hitting $42.52. 4,832,903 shares of the company were exchanged, compared to its average volume of 5,578,074. The business’s 50 day moving average is $42.94 and its 200-day moving average is $41.26. The company has a market capitalization of $34.92 billion, a P/E ratio of 15.02, a price-to-earnings-growth ratio of 1.77 and a beta of 0.94. The company has a quick ratio of 1.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.32. Johnson Controls International has a 1-year low of $28.30 and a 1-year high of $44.82.
Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.02. The company had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.42 billion. Johnson Controls International had a net margin of 22.38% and a return on equity of 9.02%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 earnings per share. As a group, sell-side analysts anticipate that Johnson Controls International will post 1.95 earnings per share for the current year.
In related news, VP Robert M. Vanhimbergen sold 1,700 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $42.99, for a total value of $73,083.00. Following the sale, the vice president now owns 18,324 shares of the company’s stock, valued at $787,748.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Rodney M. Rushing sold 764 shares of the company’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $42.50, for a total transaction of $32,470.00. Following the sale, the insider now directly owns 15,447 shares in the company, valued at approximately $656,497.50. The disclosure for this sale can be found here. In the last three months, insiders sold 177,702 shares of company stock worth $7,716,908. 0.50% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Garrett Wealth Advisory Group LLC bought a new stake in Johnson Controls International during the third quarter valued at $26,000. Horan Capital Advisors LLC. bought a new stake in Johnson Controls International during the third quarter valued at $29,000. Stonebridge Capital Advisors LLC bought a new stake in Johnson Controls International during the second quarter valued at $30,000. Kavar Capital Partners LLC bought a new stake in Johnson Controls International during the second quarter valued at $32,000. Finally, Hudock Capital Group LLC boosted its position in Johnson Controls International by 2,231.4% during the second quarter. Hudock Capital Group LLC now owns 816 shares of the company’s stock valued at $33,000 after acquiring an additional 781 shares during the last quarter. 92.05% of the stock is currently owned by institutional investors and hedge funds.
Johnson Controls International Company Profile
Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.
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