In a report released yesterday, Joe O’Dea from Wells Fargo maintained a Buy rating on Johnson Controls (JCI – Research Report), with a price target of $64.00. The company’s shares closed last Friday at $56.86.
According to TipRanks, O’Dea is a 4-star analyst with an average return of 6.1% and a 56.52% success rate. O’Dea covers the Industrials sector, focusing on stocks such as Johnson Controls, Carrier Global, and Emerson Electric Company.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Johnson Controls with a $62.12 average price target, implying a 9.25% upside from current levels. In a report released on February 13, J.P. Morgan also maintained a Buy rating on the stock with a $71.00 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:
- Johnson Controls price target raised to $71 from $65 at JPMorgan
- 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
