Citi has adjusted its price target for Johnson Controls (JCI, Financial), reducing it from $95 to $85, while maintaining a Neutral rating on the company's stock. This adjustment comes as part of a broader review of the U.S. electrical equipment and industrial conglomerates sector ahead of first-quarter earnings.
The financial institution suggests that despite the reduced price target, the sector could benefit from the current U.S. administration's protectionist policies, potentially reviving its long-term growth prospects. Citi emphasizes that this development may present emerging value across the multi-industrial companies.
Analysts from Citi remain optimistic about the sector's near-term performance, predicting that its first-quarter orders and earnings results are expected to fare relatively well. This outlook provides some stability for investors monitoring the performance of Johnson Controls and its peers in the industry.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Johnson Controls International PLC (JCI, Financial) is $92.90 with a high estimate of $105.00 and a low estimate of $79.00. The average target implies an upside of 19.53% from the current price of $77.72. More detailed estimate data can be found on the Johnson Controls International PLC (JCI) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, Johnson Controls International PLC's (JCI, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Johnson Controls International PLC (JCI, Financial) in one year is $72.59, suggesting a downside of 6.6% from the current price of $77.72. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Johnson Controls International PLC (JCI) Summary page.
