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

Johnson Controls International (NYSE:JCI) had its target price reduced by equities researchers at Barclays from $61.00 to $59.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential downside of 2.22% from the stock’s current price.

Several other equities analysts have also recently issued reports on JCI. Mizuho downgraded Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price objective for the company. in a research report on Friday, February 23rd. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Melius Research reaffirmed a “hold” rating on shares of Johnson Controls International in a research report on Tuesday, January 30th. HSBC lowered 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. Finally, Argus cut Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $64.25.

Johnson Controls International Trading Down 0.2 %

Shares of NYSE:JCI traded down $0.13 during mid-day trading on Thursday, reaching $60.34. 2,985,394 shares of the company were exchanged, compared to its average volume of 5,613,681. Johnson Controls International has a 1 year low of $47.90 and a 1 year high of $70.43. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.97 and a quick ratio of 0.73. The firm’s 50-day simple moving average is $63.18 and its 200 day simple moving average is $57.13. The firm has a market cap of $41.12 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 1.63 and a beta of 1.23.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.75 by $0.03. Johnson Controls International had a net margin of 7.85% and a return on equity of 13.08%. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same quarter last year, the firm posted $0.75 earnings per share. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. Equities research analysts forecast that Johnson Controls International will post 3.61 EPS for the current year.

Institutional Trading of Johnson Controls International

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Johnson Controls International by 17.3% in the fourth quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock valued at $4,114,756,000 after buying an additional 10,522,009 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Johnson Controls International by 95.9% during the 1st quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company’s stock valued at $833,491,000 after acquiring an additional 6,247,250 shares during the last quarter. Norges Bank acquired a new stake in Johnson Controls International during the 4th quarter worth approximately $316,400,000. Clean Energy Transition LLP purchased a new position in shares of Johnson Controls International in the 4th quarter valued at approximately $124,553,000. Finally, Capital World Investors increased its holdings in shares of Johnson Controls International by 35.6% in the fourth quarter. Capital World Investors now owns 7,622,156 shares of the company’s stock valued at $439,341,000 after purchasing an additional 2,001,644 shares during the period. Institutional investors and hedge funds 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.