Oppenheimer Reaffirms Their Buy Rating on Johnson Controls (JCI)
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.
Read More on JCI:
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- Johnson Controls Launches Long-Term Value Growth Incentive Program
- Johnson Controls completes acquisition of Alloy Enterprises
- Johnson Controls price target raised to $154 from $139 at RBC Capital
- Johnson Controls price target raised to $140 from $130 at Mizuho
- Johnson Controls price target raised to $150 from $148 at Baird
