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Oppenheimer Reaffirms Their Buy Rating on Johnson Controls (JCI)

Tipranks - Wed Jun 3, 7:56AM CDT

In a report released today, from Oppenheimer maintained a Buy rating on Johnson Controls, with a price target of $250.00.

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In addition to Oppenheimer, Johnson Controls also received a Buy from UBS’s Amit Mehrotra in a report issued today. However, yesterday, RBC Capital maintained a Hold rating on Johnson Controls (NYSE: JCI).

Based on Johnson Controls’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $6.14 billion and a net profit of $613 million. In comparison, last year the company earned a revenue of $5.68 billion and had a net profit of $478 million

Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JCI in relation to earlier this year. Last month, Todd M Grabowski, the VP and President, Americas of JCI sold 4,274.00 shares for a total of $621,867.00.

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