On October 11, 2023, UBS Group released a research report that saw a decrease in the price target for Johnson Controls International (NYSE:JCI) from $80.00 to $74.00. According to Benzinga, this update was issued to clients and investors and included a “buy” rating on the stock. The revised price objective set by UBS Group indicates a potential upside of 39.78% from the company’s previous close.
During midday trading on Tuesday, shares of Johnson Controls International traded up $0.32, reaching $52.94. The company had a trading volume of 1,452,451 shares, compared to its average volume of 3,847,010. It is worth noting that the fifty-day simple moving average for the stock currently stands at $57.76, while the two-hundred-day simple moving average is at $61.12.
Johnson Controls International has a market capitalization of $36.02 billion and operates with a price-to-earnings ratio of 17.70. Its PEG ratio sits at 0.96 with a beta of 1.26—a measure of its volatility in relation to the overall market. The company also holds a quick ratio of 0.80 and current ratio of 1.08, reflecting its liquidity position which states its ability to meet short-term obligations.
The analysts reduced price target announcement follows recent activity among institutional investors and hedge funds regarding their holdings in Johnson Controls International (JCI). Ballentine Partners LLC increased their stake in August adding an additional 148 shares valued at $625,000 total holdings compared to Salem Investment Counselors Inc.’s acquisition last quarter with just over 158 additional shares amounting to an asset value now standing at around $107,000.
Resources Investment Advisors LLC also increased their position during Q1 with an additional holding of approximately 162 shares and now value their assets at $298,000. Advisory Resource Group’s stake grew by 1.7% during the same quarter, with an additional 162 shares amounting to $597,000 in value. Lastly, Uncommon Cents Investing LLC added a modest percentage increase to its position in JCI during Q2 with an extra 165 shares bringing their total value of holdings to $1,469,000.
In terms of performance, Johnson Controls International last reported its earnings results on August 2nd. The company posted earnings per share (EPS) of $1.03 for the quarter—an outcome that met analysts’ consensus estimates. The business achieved a net margin of 7.74% and a return on equity of 13.69%. It generated $7.13 billion in revenue during the quarter, slightly below analyst estimates of $7.20 billion. Compared to the same quarter last year, Johnson Controls International experienced a 7.8% increase in revenue.
As we approach the end of the fiscal year, analysts are predicting that Johnson Controls International will post earnings per share of 3.55 for this period.
With UBS Group’s recent revision to their price target and rating of “buy” on Johnson Controls International stock, many investors and clients are actively following these developments closely as they assess potential investment opportunities in this particular sector phyt
Analyzing Analyst Reports: Insights and Recommendations on Johnson Controls International
On October 11, 2023, multiple analysts have released their research reports regarding Johnson Controls International, an American manufacturing company specializing in building systems and energy storage solutions. These reports shed light on the company’s performance and provide recommendations for potential investors.
One such report came from The Goldman Sachs Group, a renowned investment banking firm, which downgraded its rating on Johnson Controls International. Previously rated as a “conviction-buy,” the company now holds a “buy” rating according to Goldman Sachs’ research report dated October 2nd. This change in rating reflects the bank’s revised outlook on the stock’s potential.
Furthermore, Wells Fargo & Company, another leading financial institution, lowered their target price for Johnson Controls International by $5.00 per share in its own research report published on Monday. This adjustment highlights Wells Fargo’s adjusted valuation of the company and indicates potential concerns about its market position or future prospects.
Contrary to these downgrades, HSBC, one of the largest banking and financial services organizations globally, upgraded their stance on Johnson Controls International from a “hold” rating to a “buy” rating. In addition to this upgrade, HSBC also raised their price target for the stock from $58.00 to $69.00, suggesting optimism regarding future growth opportunities and profitability.
Barclays also made headlines with their analysis of Johnson Controls International by lowering their price objective from $66.00 to $64.00 in their research note issued on September 20th. This downward revision speaks volumes about Barclays’ evaluation of the company’s current market value and potential challenges it may face in meeting shareholders’ expectations.
Likewise, Citigroup reduced its target price for shares of Johnson Controls International from $68.00 to $58.00 in a recent research report classified as “neutral.” By doing so, Citigroup indicated that while they did not expect significant gains or losses in the near term, they did not perceive many growth catalysts for the company.
Despite these mixed opinions and ratings, Bloomberg.com reports that Johnson Controls International has an average rating of “Moderate Buy,” indicating a cautious yet optimistic sentiment among market analysts. The consensus target price of $69.21 further solidifies this broader view regarding the company’s potential valuation in the foreseeable future.
In other news related to Johnson Controls International, CEO George Oliver was involved in a significant stock transaction on August 23rd, 2023. Oliver sold 103,332 shares of the company at an average price of $59.23 per share, resulting in a total transaction value of $6,120,354.36. Following this sale, Oliver now holds 979,759 shares in Johnson Controls International, with a current value amounting to approximately $58,031,125.57. This information was disclosed as part of a mandatory filing documented with the Securities & Exchange Commission (SEC) and is accessible through their official website.
It is worth noting that 0.71% of Johnson Controls International’s stock ownership lies within company insiders’ hands. While this percentage may not indicate any significant concerns about insider trading or influence over shareholder decisions, it adds an element of transparency to potential investors assessing the overall stability and trustworthiness of the organization.
In conclusion, despite varying ratings and price targets given by different financial institutions and analysts, it is clear that Johnson Controls International has garnered attention from investors and industry experts alike. These reports provide valuable insights into the company’s performance and can help inform investment decisions moving forward. However, it is essential for individuals to conduct thorough research and analysis before making any investment choices based solely on these reports or ratings since market dynamics are subject to change rapidly.