Wells Fargo analyst Joe O’Dea maintained a Buy rating on Johnson Controls (JCI – Research Report) today and set a price target of $64.00. The company’s shares closed last Friday at $55.50.
According to TipRanks, O’Dea is a 4-star analyst with an average return of 5.6% and a 53.37% success rate. O’Dea covers the Industrials sector, focusing on stocks such as Johnson Controls, Carrier Global, and Emerson Electric Company.
Johnson Controls has an analyst consensus of Moderate Buy, with a price target consensus of $61.76, implying an 11.28% upside from current levels. In a report released on January 31, Oppenheimer also maintained a Buy rating on the stock with a $66.00 price target.
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Based on Johnson Controls’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.09 billion and a net profit of $374 million. In comparison, last year the company earned a revenue of $6.07 billion and had a net profit of $118 million
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Johnson Controls (JCI) Company Description:
Johnson Controls International plc is a diversified technology and multi-industrial company. The company’s operations include creation of intelligent buildings, air systems, HVAC controls, security and fire safety solutions, providing efficient energy solutions, integrated infrastructure, and next-generation transportation systems that work seamlessly together to deliver on the promise of smart cities and communities.
Read More on JCI:
- Trane price target raised to $246 from $231 at RBC Capital
- Johnson Controls downgraded to Hold from Buy at HSBC
- Johnson Controls price target lowered to $64 from $65 at Wells Fargo
- Johnson Controls price target lowered to $59 from $60 at Barclays
- Johnson Controls downgraded at Deutsche Bank with investment thesis weakened
