Wells Fargo & Company Issues Pessimistic Forecast for Johnson Controls International (NYSE:JCI) Stock Price

Johnson Controls International (NYSE:JCI) had its target price lowered by analysts at Wells Fargo & Company from $95.00 to $92.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 14.91% from the company’s current price.

Several other research analysts also recently weighed in on JCI. Oppenheimer upped their target price on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barclays upped their price objective 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. StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. UBS Group assumed coverage on shares of Johnson Controls International in a research report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price target for the company. Finally, Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Friday, December 20th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $81.07.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock opened at $80.06 on Tuesday. The firm has a market cap of $53.01 billion, a PE ratio of 31.52, a P/E/G ratio of 2.31 and a beta of 1.32. Johnson Controls International has a twelve month low of $51.71 and a twelve month high of $87.16. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average price of $81.74 and a 200 day moving average price of $75.12.

Insiders Place Their Bets

In related news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total value of $8,494,125.85. Following the completion of the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $95,507,639.29. This trade represents a 8.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Marlon Sullivan sold 7,230 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the transaction, the executive vice president now owns 32,246 shares of the company’s stock, valued at $2,687,704.10. This trade represents a 18.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 758,588 shares of company stock valued at $62,480,987 over the last quarter. 0.69% of the stock is owned by insiders.

Institutional Trading of Johnson Controls International

Several institutional investors have recently modified their holdings of JCI. Fortitude Family Office LLC increased its position in Johnson Controls International by 195.8% during the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after purchasing an additional 278 shares during the period. Wolff Wiese Magana LLC raised its holdings in shares of Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after acquiring an additional 430 shares during the last quarter. Western Pacific Wealth Management LP purchased a new stake in shares of Johnson Controls International in the third quarter valued at $44,000. Larson Financial Group LLC boosted its stake in shares of Johnson Controls International by 169.3% during the third quarter. Larson Financial Group LLC now owns 738 shares of the company’s stock valued at $57,000 after acquiring an additional 464 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in Johnson Controls International during the 3rd quarter worth about $61,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Company Profile

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.