Key Highlights
- Johnson Controls (JCI, Financial) boosts its share buyback program with an additional $9 billion repurchase authorization.
- Analyst target prices suggest potential upside for JCI from its current levels.
- GF Value indicates a downside, emphasizing the importance of thorough analysis for investors.
Johnson Controls' Share Buyback Expansion
Johnson Controls (JCI) has recently announced a significant expansion to its share buyback initiative. The company's board has approved an impressive $9 billion increase in repurchase authorization. This substantial addition is on top of the existing $1.1 billion from its 2021 program, culminating in a total capacity of $10.1 billion. This move reflects the company's robust financial health and commitment to returning value to its shareholders.
Wall Street Analysts' Forecast for Johnson Controls
According to projections from 18 analysts, the average one-year target price for Johnson Controls International PLC (JCI, Financial) stands at $103.63. This includes a high estimate of $130.00 and a low estimate of $79.00. With the current stock price at $101.97, this average target suggests a potential upside of 1.63%. For further insights and detailed data, visit the Johnson Controls International PLC (JCI) Forecast page.
Brokerage Recommendations
Based on the consensus from 23 brokerage firms, Johnson Controls International PLC (JCI, Financial) holds an average brokerage recommendation of 2.2, which indicates an "Outperform" rating. This rating scale ranges from 1, representing a Strong Buy, to 5, signifying a Sell. This consensus underscores positive sentiment among analysts regarding JCI's market performance.
Assessing the GF Value for JCI
GuruFocus estimates that the GF Value for Johnson Controls International PLC (JCI, Financial) in one year is predicted to be $77.41. This evaluation suggests a potential downside of 24.09% from the current price of $101.97. The GF Value is GuruFocus' assessment of the fair value that the stock ought to trade at, derived from historical trading multiples, past growth, and future performance estimates. More comprehensive data is available on the Johnson Controls International PLC (JCI) Summary page.
