Cowen & Co. Keeps Their Hold Rating on Johnson Controls

In a report released today, Gautam Khanna from Cowen & Co. maintained a Hold rating on Johnson Controls (NYSE: JCI), with a price target of $36. The company’s shares closed yesterday at $33.87, close to its 52-week low of $32.89.

According to TipRanks.com, Khanna is a 5-star analyst with an average return of 13.8% and a 69.2% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Vista Outdoor.

Currently, the analyst consensus on Johnson Controls is Hold and the average price target is $36.60, representing an 8.1% upside.

In a report issued on April 19, Robert W. Baird also reiterated a Hold rating on the stock with a $38 price target.

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Based on Johnson Controls’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $7.44 billion and quarterly net profit of $230 million. In comparison, last year the company earned revenue of $7.27 billion and had a GAAP net loss of $148 million.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock.

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Johnson Controls International Plc engages in the provision of buildings products, energy solutions, integrated infrastructure and next generation transportation systems. Its technology and service capabilities include fire, security, HVAC, power solutions and energy storage to serve various end markets including large institutions, commercial buildings, retail, industrial, small business and residential. The company was established in 1885 and is headquartered in Cork, Ireland.