Johnson Controls International (NYSE:JCI) Price Target Cut to $84.00 by Analysts at Citigroup

Johnson Controls International (NYSE:JCIGet Free Report) had its price objective cut by investment analysts at Citigroup from $85.00 to $84.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price target indicates a potential upside of 4.75% from the company’s current price.

Several other analysts have also weighed in on the stock. Bank of America raised their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Oppenheimer lifted their price objective on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Friday, December 20th. UBS Group started coverage on Johnson Controls International in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 target price for the company. Finally, Barclays upped their price target on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $82.21.

Check Out Our Latest Analysis on Johnson Controls International

Johnson Controls International Stock Up 1.1 %

JCI opened at $80.19 on Monday. The firm has a market cap of $53.10 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 2.31 and a beta of 1.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The firm’s 50-day simple moving average is $82.10 and its 200-day simple moving average is $75.52. Johnson Controls International has a twelve month low of $51.71 and a twelve month high of $87.16.

Insider Buying and Selling at Johnson Controls International

In other news, EVP Marlon Sullivan sold 7,230 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the completion of the transaction, the executive vice president now directly owns 32,246 shares in the company, valued at approximately $2,687,704.10. The trade was a 18.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Oliver sold 110,616 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the completion of the sale, the chief executive officer now owns 1,244,617 shares in the company, valued at $105,294,598.20. This represents a 8.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 647,973 shares of company stock worth $53,986,862. Insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of JCI. Outlook Wealth Advisors LLC boosted its position in shares of Johnson Controls International by 2.3% during the fourth quarter. Outlook Wealth Advisors LLC now owns 9,489 shares of the company’s stock worth $749,000 after purchasing an additional 217 shares in the last quarter. Advisors Management Group Inc. ADV lifted its holdings in Johnson Controls International by 3.9% during the fourth quarter. Advisors Management Group Inc. ADV now owns 31,794 shares of the company’s stock worth $2,509,000 after acquiring an additional 1,194 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Johnson Controls International by 861.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,154 shares of the company’s stock worth $91,000 after acquiring an additional 1,034 shares in the last quarter. Park Avenue Securities LLC grew its stake in Johnson Controls International by 101.5% in the fourth quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock valued at $2,093,000 after acquiring an additional 13,360 shares during the period. Finally, SeaCrest Wealth Management LLC increased its holdings in shares of Johnson Controls International by 3.2% in the fourth quarter. SeaCrest Wealth Management LLC now owns 4,925 shares of the company’s stock worth $389,000 after acquiring an additional 154 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

About Johnson Controls International

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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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