Citigroup Has Lowered Expectations for Johnson Controls International (NYSE:JCI) Stock Price

Johnson Controls International (NYSE:JCI) had its price target cut by investment analysts at Citigroup from $95.00 to $85.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price would indicate a potential upside of 8.09% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on JCI. Royal Bank of Canada upped their price objective on Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and raised their price target for the company from $90.00 to $103.00 in a report on Monday, February 10th. Melius lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective for the company. in a research note on Tuesday, January 28th. Melius Research restated a “hold” rating and issued a $95.00 target price on shares of Johnson Controls International in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company upped their price target on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.07.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $78.64 on Monday. 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 fifty day moving average price is $82.00 and its 200-day moving average price is $80.81. The firm has a market cap of $51.91 billion, a P/E ratio of 30.01, a P/E/G ratio of 1.96 and a beta of 1.22. Johnson Controls International has a 12 month low of $59.83 and a 12 month high of $91.14.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. On average, equities research analysts expect that Johnson Controls International will post 3.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,421 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following the sale, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George Oliver sold 15,669 shares of Johnson Controls International stock in a transaction on Friday, March 14th. The shares were sold at an average price of $77.49, for a total transaction of $1,214,190.81. Following the completion of the sale, the director now directly owns 1,003,893 shares in the company, valued at $77,791,668.57. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 907,286 shares of company stock valued at $77,938,071. 0.54% of the stock is owned by insiders.

Institutional Investors Weigh In On Johnson Controls International

Large investors have recently bought and sold shares of the company. Compass Financial Services Inc acquired a new stake in shares of Johnson Controls International in the fourth quarter worth approximately $26,000. SBI Securities Co. Ltd. acquired a new stake in Johnson Controls International during the 4th quarter worth $29,000. Crowley Wealth Management Inc. purchased a new stake in shares of Johnson Controls International during the fourth quarter worth $42,000. Synergy Asset Management LLC acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at about $42,000. Finally, ST Germain D J Co. Inc. lifted its stake in shares of Johnson Controls International by 32.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after buying an additional 134 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

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.