Johnson Controls International Price Target Updated by Barclays

Johnson Controls International (NYSE:JCI – Get Free Report) has recently had its price target adjusted by Barclays, decreasing from $88.00 to $85.00 in a research report published on Monday. According to Marketbeat Ratings, Barclays maintains an “equal weight” rating on the stock. This new price target indicates a potential upside of approximately 10.47% based on the company’s previous closing price.

Additionally, several other research analysts have provided updates on Johnson Controls International. On February 6th, JPMorgan Chase & Co. raised their target price from $87.00 to $100.00, assigning an “overweight” rating to the stock. Meanwhile, Argus upgraded its rating from “hold” to “buy” and set a price target of $88.00 in a report on December 20th. In a contrasting opinion, StockNews.com reduced the stock's rating from “buy” to “hold” on November 20th. Furthermore, Melius cut its rating from “buy” to “hold” with a price target of $95.00 in late January. Royal Bank of Canada also adjusted its price target upward from $86.00 to $93.00 while maintaining a “sector perform” rating as of February 6th. Overall, eight research analysts give the stock a hold rating, while an equal number have assigned a buy rating. Current consensus data indicates a “Moderate Buy” rating with an average price target of around $91.27.

Recent Performance and Financials

On the trading floor, JCI stock opened at $76.94 on Monday. Over the past year, Johnson Controls International has seen a low of $59.83 and a high of $91.14. Financial metrics show the company has a current ratio of 1.02, a quick ratio of 0.86, and a debt-to-equity ratio of 0.50. The stock's 50-day moving average sits at $82.45, while the 200-day moving average is $79.64. Johnson Controls boasts a market capitalization of $50.79 billion, a price-to-earnings (P/E) ratio of 29.37, a price-to-earnings-growth (PEG) ratio of 1.96, and a beta of 1.32.

In terms of earnings, the company reported $0.64 per share for the previous quarter, surpassing analysts' consensus estimates of $0.59. Johnson Controls achieved a return on equity of 15.11% alongside a net margin of 6.83%. Analysts expect the company to post earnings of approximately $3.64 per share for the current fiscal year.

Insider Transactions and Institutional Stakeholders

In insider trading news, CEO George Oliver sold 129,263 shares on February 25th at an average price of $83.55, resulting in a transaction valued at around $10.8 million. Following this transaction, he retains 1,203,893 shares, now valued at about $100.6 million, marking a 9.70% decrease in his holdings. Additionally, VP Nathan D. Manning sold 1,421 shares for approximately $108,621.24 on February 3rd, resulting in a slight drop in his ownership as well. Over the past three months, insiders have sold 706,050 shares valued at approximately $62 million, representing 0.54% of total shares currently owned by insiders.

Institutional investors have also shown significant activity in Johnson Controls International, with several large investors adjusting their stakes in the fourth quarter. For instance, Compass Financial Services Inc. acquired a new position valued at about $26,000, while SBI Securities bought shares worth around $29,000. Crowley Wealth Management and Synergy Asset Management each added new stakes valued at approximately $42,000. Lastly, ST Germain D J Co. Inc. increased its position by 32.8%, now owning 543 shares valued at $43,000. This illustrates a strong interest from institutional players, with hedge funds and other institutions owning 90.05% of the company's stock.

About Johnson Controls International

Johnson Controls International plc operates globally, providing engineering, manufacturing, commissioning, and retrofitting services for building products and systems. The company is structured into four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.

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