Mizuho Securities analyst Brett Linzey has maintained their neutral stance on JCI stock, giving a Hold rating on January 28.
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Brett Linzey has given his Hold rating due to a combination of factors concerning Johnson Controls’ current position and future outlook. The company has started the fiscal year strongly, with notable growth in orders and an increase in backlog. This presents a positive momentum, but the upcoming transition to a new CEO adds a layer of uncertainty regarding future strategic direction.
Brett Linzey also notes the company’s restructuring efforts and potential divestitures, which could impact its financials. The valuation of Johnson Controls at $80 per share reflects a conservative stance, given the company’s historical inconsistencies in execution and current market conditions. Therefore, while there are significant growth opportunities, these are balanced by the risks, leading to a Hold rating.
In another report released on January 28, Melius Research also downgraded the stock to a Hold with a $95.00 price target.
Based on the recent corporate insider activity of 116 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.