Johnson Controls International (NYSE:JCI) Stock Price Expected to Rise, Mizuho Analyst Says

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

Several other equities research analysts also recently commented on JCI. Wall Street Zen downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Citigroup lifted their target price on shares of Johnson Controls International from $157.00 to $170.00 and gave the stock a “neutral” rating in a research note on Monday. UBS Group restated a “buy” rating on shares of Johnson Controls International in a research note on Wednesday, September 16th. Wells Fargo & Company initiated coverage on shares of Johnson Controls International in a report on Thursday, September 24th. They issued an “overweight” rating and a $186.00 price objective for the company. Finally, Bank of America lifted their price objective on shares of Johnson Controls International from $152.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $163.05.

Johnson Controls International Stock Down 2.7%

Shares of NYSE JCI opened at $152.24 on Thursday. Johnson Controls International has a one year low of $107.77 and a one year high of $160.41. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83. The business’s fifty day moving average price is $147.65 and its 200-day moving average price is $143.53. The stock 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 posted its quarterly earnings results on Thursday, July 30th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.12. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%. The company had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the prior year, the company earned $1.05 EPS. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that Johnson Controls International will post 5.08 EPS for the current year.

Insiders Place Their Bets

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the transaction, the vice president owned 15,017 shares of the company’s stock, valued at $2,298,652.19. The trade was a 60.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is owned by insiders.

Institutional Investors Weigh In On Johnson Controls International

Institutional investors and hedge funds have recently modified their holdings of the company. Rokos Capital Management LLP purchased a new stake in Johnson Controls International in the 1st quarter worth approximately $45,833,000. ABN Amro Investment Solutions bought a new position in Johnson Controls International in the 1st quarter valued at $8,863,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Johnson Controls International by 49.7% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 140,488 shares of the company’s stock valued at $18,397,000 after purchasing an additional 46,650 shares during the period. QRG Capital Management Inc. boosted its holdings in Johnson Controls International by 4.7% in the 2nd quarter. QRG Capital Management Inc. now owns 222,168 shares of the company’s stock valued at $32,461,000 after purchasing an additional 9,988 shares during the period. Finally, Epoch Investment Partners Inc. grew its position in shares of Johnson Controls International by 62.7% during the 1st quarter. Epoch Investment Partners Inc. now owns 204,295 shares of the company’s stock valued at $26,752,000 after purchasing an additional 78,766 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

About Johnson Controls International

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.