The Goldman Sachs Group Lowers Johnson Controls International (NYSE:JCI) Price Target to $62.00

Johnson Controls International (NYSE:JCI – Get Rating) had its price target decreased by stock analysts at The Goldman Sachs Group from $73.00 to $62.00 in a report released on Thursday, Stock Target Advisor reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 31.94% from the stock’s previous close.

Several other research firms have also commented on JCI. Deutsche Bank Aktiengesellschaft dropped their price target on Johnson Controls International from $79.00 to $70.00 in a research report on Thursday, May 5th. Mizuho dropped their price target on Johnson Controls International from $88.00 to $68.00 in a research report on Thursday, May 5th. Bank of America began coverage on Johnson Controls International in a research report on Monday, May 2nd. They issued a “buy” rating and a $85.00 price target for the company. Oppenheimer dropped their price target on Johnson Controls International from $85.00 to $70.00 in a research report on Thursday, May 5th. Finally, Cowen dropped their price target on Johnson Controls International from $86.00 to $70.00 in a research report on Thursday, May 5th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $72.13.

Shares of JCI stock traded down $0.45 during trading hours on Thursday, hitting $46.99. The stock had a trading volume of 33,454 shares, compared to its average volume of 3,891,904. Johnson Controls International has a one year low of $46.55 and a one year high of $81.77. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.00 and a quick ratio of 0.78. The stock’s 50-day moving average price is $54.87 and its two-hundred day moving average price is $65.13. The stock has a market capitalization of $32.69 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 1.06 and a beta of 1.15.

Johnson Controls International (NYSE:JCI – Get Rating) last issued its earnings results on Wednesday, May 4th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. Johnson Controls International had a return on equity of 11.10% and a net margin of 5.00%. The firm had revenue of $6.10 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the previous year, the firm posted $0.52 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. As a group, equities research analysts predict that Johnson Controls International will post 2.99 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in JCI. Carroll Financial Associates Inc. raised its holdings in Johnson Controls International by 5.0% in the 4th quarter. Carroll Financial Associates Inc. now owns 2,767 shares of the company’s stock valued at $220,000 after acquiring an additional 131 shares during the last quarter. Centaurus Financial Inc. raised its holdings in Johnson Controls International by 8.6% in the 4th quarter. Centaurus Financial Inc. now owns 1,747 shares of the company’s stock valued at $142,000 after acquiring an additional 139 shares during the last quarter. First Affirmative Financial Network raised its holdings in Johnson Controls International by 3.4% in the 4th quarter. First Affirmative Financial Network now owns 4,495 shares of the company’s stock valued at $365,000 after acquiring an additional 148 shares during the last quarter. Oakworth Capital Inc. raised its holdings in Johnson Controls International by 11.8% in the 4th quarter. Oakworth Capital Inc. now owns 1,587 shares of the company’s stock valued at $129,000 after acquiring an additional 167 shares during the last quarter. Finally, Capital Investment Advisors LLC raised its holdings in Johnson Controls International by 4.3% in the 4th quarter. Capital Investment Advisors LLC now owns 4,177 shares of the company’s stock valued at $340,000 after acquiring an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Johnson Controls International Company Profile (Get Rating)

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.

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