Barclays Keeps Their Hold Rating on Johnson Controls (JCI)

In a report released on February 20, Julian Mitchell from Barclays maintained a Hold rating on Johnson Controls, with a price target of $136.00. The company’s shares closed last Friday at $143.79.

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Mitchell covers the Industrials sector, focusing on stocks such as Eaton, Honeywell International, and Lennox International. According to TipRanks, Mitchell has an average return of 17.8% and a 69.73% success rate on recommended stocks.

Johnson Controls has an analyst consensus of Moderate Buy, with a price target consensus of $139.64, a -2.89% downside from current levels. In a report released on February 5, Robert W. Baird also maintained a Hold rating on the stock with a $132.00 price target.

Based on Johnson Controls’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.8 billion and a net profit of $524 million. In comparison, last year the company earned a revenue of $5.43 billion and had a net profit of $419 million

Based on the recent corporate insider activity of 89 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. Earlier this month, Todd M Grabowski, the VP and President, Americas of JCI sold 6,050.00 shares for a total of $816,119.50.