Johnson Controls International (NYSE:JCI) Now Covered by Analysts at JPMorgan Chase & Co.

Equities research analysts at JPMorgan Chase & Co. began coverage on shares of Johnson Controls International (NYSE:JCI) in a research report issued on Wednesday. The firm set a “neutral” rating and a $160.00 price target on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 11.47% from the company’s current price.

A number of other research analysts have also recently commented on JCI. The Goldman Sachs Group upped their target price on Johnson Controls International from $186.00 to $191.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th. Mizuho increased their price target on Johnson Controls International from $150.00 to $165.00 and gave the stock a “neutral” rating in a report on Thursday, October 15th. Sanford C. Bernstein reissued an “outperform” rating on shares of Johnson Controls International in a research note on Wednesday, October 7th. Evercore set a $170.00 price objective on Johnson Controls International in a report on Wednesday, October 28th. Finally, Royal Bank Of Canada boosted their price objective on Johnson Controls International from $161.00 to $165.00 and gave the company a “sector perform” rating in a report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $166.76.

Johnson Controls International Trading Up 1.7%

Shares of JCI stock traded up $2.41 during trading hours on Wednesday, reaching $143.53. 341,553 shares of the stock were exchanged, compared to its average volume of 4,176,674. The firm has a market capitalization of $86.94 billion, a price-to-earnings ratio of 30.68, a price-to-earnings-growth ratio of 1.31 and a beta of 1.27. Johnson Controls International has a 12-month low of $108.41 and a 12-month high of $160.41. The company’s 50-day moving average price is $147.21 and its 200-day moving average price is $141.73. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.55.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.07. The company had revenue of $7.11 billion for the quarter, compared to analyst estimates of $7.04 billion. Johnson Controls International had a net margin of 11.12% and a return on equity of 23.38%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 EPS. As a group, equities analysts anticipate that Johnson Controls International will post 6.29 earnings per share for the current year.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of the company’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $159.19, for a total value of $636,760.00. Following the transaction, the director directly owned 27,236 shares in the company, valued at $4,335,698.84. This represents a 12.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is currently owned by company insiders.

Institutional Trading of Johnson Controls International

Institutional investors and hedge funds have recently modified their holdings of the stock. NBH Bank purchased a new stake in shares of Johnson Controls International in the second quarter valued at approximately $29,000. Signature Equity Partners LLC increased its holdings in Johnson Controls International by 96.2% during the 3rd quarter. Signature Equity Partners LLC now owns 206 shares of the company’s stock worth $31,000 after purchasing an additional 101 shares during the period. Virginia Estate & Retirement Planning Advisors Inc. purchased a new position in Johnson Controls International during the 3rd quarter worth $33,000. Fourth Dimension Wealth LLC raised its position in Johnson Controls International by 51.3% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock valued at $34,000 after purchasing an additional 78 shares in the last quarter. Finally, First Bancorp Inc ME bought a new stake in Johnson Controls International during the 2nd quarter valued at $34,000. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Company Profile

Johnson Controls International plc develops building technologies, products and services for commercial, industrial and institutional customers. Its offerings include heating, ventilation and air conditioning (HVAC) equipment, building automation and controls, fire detection and suppression systems, and security solutions. The company also provides maintenance, modernization and other services to help customers manage building operations. Its products and services support facilities such as offices, hospitals, schools, data centers and manufacturing sites.