Johnson Controls Gets Price Target Hikes From Analysts Following Upbeat Q2 Results

Johnson Controls International PLC JCI reported better-than-expected Q2 financial results.

Johnson Controls reported sales growth of 10% year-on-year to $6.69 billion, beating the consensus of $6.51 billion. Adjusted EPS of $0.75 beat the analyst consensus of $0.73.

Johnson sees Q3 adjusted EPS of $1.01-$1.03 (Street view $1.02); Organic revenue growth of about 10% year-over-year.

Johnson Controls shares rose 6.1% to close at $62.09 on Friday and added 0.6% in today’s pre-market trading session.

These analysts made changes to their price targets on Johnson Controls after the company released Q2 results.

  • JP Morgan raised the price target on Johnson Controls from $ $70 to $72. JP Morgan analyst Stephen Tusa maintained an Overweight rating on the stock.
  • Wells Fargo increased Johnson Controls price target from $65 to $69. Wells Fargo analyst Joe O'Dea maintained an Overweight rating on the stock.
  • Morgan Stanley boosted Johnson Controls price target from $69 to $72. Morgan Stanley analyst Joshua Pokrzywinski maintained the stock with an Overweight rating.

 

Read More: More Than $47M Bet On This Healthcare Stock? Check Out These 4 Stocks Insiders Are Buying

Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPrice TargetPre-Market OutlookMarketsAnalyst RatingsTrading IdeasPT Changes
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...