Johnson Controls International (NYSE:JCI) Price Target Increased to $71.00 by Analysts at Oppenheimer

Johnson Controls International (NYSE:JCI) had its price target raised by research analysts at Oppenheimer from $66.00 to $71.00 in a report released on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price target would suggest a potential upside of 11.48% from the stock’s current price.

Several other analysts also recently commented on the company. HSBC downgraded Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 target price for the company. in a research note on Wednesday, January 31st. Wells Fargo & Company increased their target price on Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. TheStreet upgraded shares of Johnson Controls International from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Mizuho lowered shares of Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a research note on Friday, February 23rd. Finally, Royal Bank of Canada decreased their target price on shares of Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating for the company in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International presently has an average rating of “Hold” and an average price target of $64.50.

Johnson Controls International Stock Performance

Shares of JCI opened at $63.69 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 0.45. The firm’s fifty day simple moving average is $61.61 and its two-hundred day simple moving average is $56.29. Johnson Controls International has a 12 month low of $47.90 and a 12 month high of $70.43. The stock has a market capitalization of $43.40 billion, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 1.61 and a beta of 1.24.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. The business had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.94 billion. During the same period in the previous year, the company posted $0.67 earnings per share. The firm’s revenue for the quarter was up .4% on a year-over-year basis. As a group, analysts predict that Johnson Controls International will post 3.61 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Optas LLC purchased a new stake in Johnson Controls International in the first quarter worth $202,000. Founders Financial Securities LLC bought a new position in Johnson Controls International during the first quarter worth about $248,000. Foguth Wealth Management LLC. purchased a new position in Johnson Controls International in the 1st quarter valued at approximately $252,000. Grimes & Company Inc. purchased a new position in shares of Johnson Controls International in the first quarter valued at $200,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of Johnson Controls International during the first quarter valued at about $212,000. 90.05% of the stock is currently owned by hedge funds and other 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.