Barclays Lowers Johnson Controls International (NYSE:JCI) Price Target to $59.00

Johnson Controls International (NYSE:JCI) had its target price cut by investment analysts at Barclays from $61.00 to $59.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential downside of 5.42% from the company’s previous close.

Several other equities research analysts have also recently commented on the company. HSBC cut Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 target price on the stock. in a report on Wednesday, January 31st. Melius Research reissued a “hold” rating on shares of Johnson Controls International in a report on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $60.00 price objective (down previously from $65.00) on shares of Johnson Controls International in a research note on Wednesday, January 31st. Mizuho lowered shares of Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 target price for the company. in a research note on Friday, February 23rd. Finally, StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. One equities 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $64.25.

Johnson Controls International Stock Performance

Shares of NYSE:JCI traded up $1.63 on Thursday, hitting $62.38. The company’s stock had a trading volume of 7,096,178 shares, compared to its average volume of 4,978,445. The company has a market capitalization of $42.02 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.73 and a current ratio of 0.87. Johnson Controls International has a 12 month low of $47.90 and a 12 month high of $70.43. The stock’s 50-day moving average is $63.31 and its two-hundred day moving average is $57.22.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. Johnson Controls International’s revenue was down 6.1% compared to the same quarter last year. On average, equities research analysts forecast that Johnson Controls International will post 3.61 EPS for the current year.

Institutional Trading of Johnson Controls International

Institutional investors have recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Johnson Controls International during the 4th quarter worth about $25,000. Rise Advisors LLC bought a new position in Johnson Controls International during the first quarter valued at approximately $25,000. NBC Securities Inc. acquired a new stake in Johnson Controls International in the third quarter valued at approximately $26,000. EdgeRock Capital LLC acquired a new stake in Johnson Controls International in the fourth quarter valued at approximately $27,000. Finally, Hexagon Capital Partners LLC grew its position in Johnson Controls International by 114.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock worth $29,000 after acquiring an additional 268 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Company Profile

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.