Johnson Controls International (NYSE:JCI) Given New $70.00 Price Target at Oppenheimer

Johnson Controls International (NYSE:JCI) had its price objective cut by equities researchers at Oppenheimer from $71.00 to $70.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price target would suggest a potential upside of 15.82% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $60.00 price target (down previously from $65.00) on shares of Johnson Controls International in a research note on Wednesday, January 31st. HSBC cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price target on the stock. in a research note on Wednesday, January 31st. Barclays upped their price target on shares of Johnson Controls International from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Mizuho lowered Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 target price for the company. in a research report on Friday, February 23rd. Finally, Melius Research reissued a “hold” rating on shares of Johnson Controls International in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $64.42.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $60.44 on Thursday. The business has a fifty day simple moving average of $63.18 and a two-hundred day simple moving average of $57.13. 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 has a market capitalization of $41.19 billion, a P/E ratio of 19.69, a P/E/G ratio of 1.63 and a beta of 1.23. Johnson Controls International has a 12 month low of $47.90 and a 12 month high of $70.43.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. The company had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.94 billion. Johnson Controls International had a net margin of 7.85% and a return on equity of 13.08%. Johnson Controls International’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 EPS. On average, equities analysts forecast that Johnson Controls International will post 3.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Johnson Controls International

Several hedge funds and other institutional investors have recently made changes to their positions in JCI. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Johnson Controls International during the 4th quarter valued at about $25,000. Rise Advisors LLC purchased a new stake in shares of Johnson Controls International during the 1st quarter valued at about $25,000. NBC Securities Inc. purchased a new stake in shares of Johnson Controls International during the 3rd quarter valued at about $26,000. EdgeRock Capital LLC purchased a new stake in shares of Johnson Controls International during the 4th quarter valued at about $27,000. Finally, Hexagon Capital Partners LLC increased its position in shares of Johnson Controls International by 114.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock valued at $29,000 after purchasing an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

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.