Barclays Sticks to Its Hold Rating for Johnson Controls (JCI)

By Ryan Adsit

Barclays analyst Julian Mitchell maintained a Hold rating on Johnson Controls (JCIResearch Report) on November 8 and set a price target of $43.00. The company’s shares closed last Monday at $42.52, close to its 52-week high of $44.82.

According to, Mitchell is a 5-star analyst with an average return of 11.8% and a 73.4% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Gardner Denver Holdings, and Lennox International.

Currently, the analyst consensus on Johnson Controls is a Hold with an average price target of $44.17, implying a 4.7% upside from current levels. In a report issued on November 7, Cowen & Co. also assigned a Hold rating to the stock with a $44.00 price target.

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Johnson Controls’ market cap is currently $33.83B and has a P/E ratio of 68.21. The company has a Price to Book ratio of 1.66.

Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JCI in relation to earlier this year.

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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.