RBC Capital Sticks to Their Sell Rating for Johnson Controls

In a report issued on July 10, Deane Dray from RBC Capital reiterated a Sell rating on Johnson Controls (NYSE: JCI), with a price target of $31. The company’s shares closed yesterday at $35.12.

According to TipRanks.com, Dray is a 4-star analyst with an average return of 5.2% and a 59.4% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group Inc, Gates Industrial Corp Plc, and Emerson Electric Company.

The word on The Street in general, suggests a Hold analyst consensus rating for Johnson Controls with a $37.17 average price target.

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Johnson Controls’ market cap is currently $32.18B and has a P/E ratio of 15.68. The company has a Price to Book ratio of 1.56.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is neutral 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.

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