Oppenheimer analyst Noah Kaye maintains $Johnson Controls (JCI.US)$ with a buy rating, and adjusts the target price from $86 to $87.
According to TipRanks data, the analyst has a success rate of 65.8% and a total average return of 15.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Johnson Controls (JCI.US)$'s main analysts recently are as follows:
Johnson Controls displayed a robust quality of earnings in its fourth quarter, characterized by considerable incrementals and free cash flow, alongside vigorous growth in the datacenter segment and a significant margin expansion in Global Products. Nevertheless, the current valuation presents a balanced risk-reward scenario.
Johnson Controls' shares saw an upward movement after reporting Q4 results that surpassed both revenue and earnings expectations, coupled with the introduction of a $500M cost savings program. The company's projection for FY25 EPS aligns closely with consensus estimates, and demand trends are showing favorable signs.
The firm indicated that FQ4 results surpassed Street forecasts, primarily due to strong margin performance in Global Products, which compensated for the varied results in Building Solutions, where revenue was above expectations but margins were not as robust.
Note:
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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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