Johnson Controls (JCI, Financial) recently announced its second-quarter revenue of $5.68 billion, slightly above the anticipated $5.66 billion. This performance underscores the company's robust organic sales growth and improved profit margins, marking an all-time high in their order backlog.
The results reflect the company's effective execution strategy and a consistently high demand for its unique solutions. According to CEO Joakim Weidemanis, the company is building a solid foundation by enhancing customer focus and adopting lean business practices. These steps are envisioned to boost JCI's momentum and provide greater value to its stakeholders in the near future.
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 $90.46 with a high estimate of $105.00 and a low estimate of $79.00. The average target implies an upside of 1.85% from the current price of $88.81. 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 $72.78, suggesting a downside of 18.05% from the current price of $88.81. 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.
