Johnson Controls (JCI) Gets a Buy Rating from Wells Fargo

In a report issued on January 18, Joe O’Dea from Wells Fargo maintained a Buy rating on Johnson Controls (JCIResearch Report), with a price target of $91.00. The company’s shares closed last Friday at $72.72.

According to, O’Dea is a 2-star analyst with an average return of 1.9% and a 42.9% success rate. O’Dea covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Lennox International.

Johnson Controls has an analyst consensus of Strong Buy, with a price target consensus of $86.91, which is a 19.4% upside from current levels. In a report issued on January 4, Barclays also maintained a Buy rating on the stock with a $86.00 price target.

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Based on Johnson Controls’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $6.39 billion and net profit of $269 million. In comparison, last year the company earned revenue of $5.95 billion and had a net profit of $441 million.

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Johnson Controls International plc is a diversified technology and multi-industrial company. The company’s operations include creation of intelligent buildings, air systems, HVAC controls, security and fire safety solutions, providing efficient energy solutions, integrated infrastructure, and next-generation transportation systems that work seamlessly together to deliver on the promise of smart cities and communities.

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