Morgan Stanley Remains a Buy on Johnson Controls (JCI)

In a report released on February 4, Christopher Snyder from Morgan Stanley maintained a Buy rating on Johnson Controls, with a price target of $130.00. The company’s shares closed yesterday at $129.49.

Claim 50% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

Snyder covers the Industrials sector, focusing on stocks such as Rockwell Automation, Emerson Electric Company, and WW Grainger. According to TipRanks, Snyder has an average return of 9.2% and a 54.02% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Johnson Controls with a $141.20 average price target, representing a 9.04% upside. In a report released today, J.P. Morgan also maintained a Buy rating on the stock with a $158.00 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 96 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, Mark Vergnano, a Director at JCI bought 7,665.00 shares for a total of $1,011,320.10.