Morgan Stanley analyst Christopher Snyder maintains $Johnson Controls (JCI.US)$ with a buy rating, and adjusts the target price from $85 to $95.
According to TipRanks data, the analyst has a success rate of 52.3% and a total average return of 6.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Johnson Controls (JCI.US)$'s main analysts recently are as follows:
The company displayed a robust earnings quality in its fourth quarter, featuring favorable incrementals and free cash flow, alongside substantial datacenter growth and significant margin expansion in its Global Products segment. Nonetheless, the current valuation presents a balanced risk-reward scenario.
The company's shares experienced an uplift following the report of surpassing quarterly financial expectations and unveiling a $500M cost savings initiative. The anticipation for fiscal year earnings approximates consensus forecasts, with demand trends appearing favorable.
It was observed that FQ4 saw results surpassing the Street's expectations, primarily due to robust margin performance in the Global Products segment. This success managed to counterbalance the varied results within the Building Solutions division, where revenue exceeded expectations but margins were not as strong.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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