Barclays Keeps Their Hold Rating on Johnson Controls (JCI)
In a report released on June 2, Julian Mitchell from Barclays maintained a Hold rating on Johnson Controls, with a price target of $144.00. The company’s shares closed yesterday at $141.99.
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According to TipRanks, Mitchell is a 5-star analyst with an average return of 17.3% and a 66.13% success rate. Mitchell covers the Industrials sector, focusing on stocks such as nVent Electric, 3M, and Ametek.
Johnson Controls has an analyst consensus of Moderate Buy, with a price target consensus of $160.93, a 13.34% upside from current levels. In a report released on June 1, RBC Capital also maintained a Hold rating on the stock with a $154.00 price target.
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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