Johnson Controls International Stock Price Expected to Rise with Increased Target from Royal Bank Of Canada

Johnson Controls International (NYSE:JCI) stock price is expected to rise following a boost in its price objective by Royal Bank Of Canada from $154.00 to $161.00, according to a research note issued on Thursday.

The firm currently has a 'sector perform' rating on the stock and suggests a potential upside of 12.09% from the stock's current price of $143.64. The company had reported earnings per share (EPS) of $1.42 in its latest quarter, beating the consensus estimate of $1.30.

The Goldman Sachs Group lifted their price target on Johnson Controls International from $169.00 to $178.00 and gave the company a 'buy' rating in a research report on Tuesday, June 2nd. Similarly, JPMorgan Chase & Co. upped their price objective on Johnson Controls International from $158.00 to $162.00 in a research report on Thursday, May 7th.

Johnson Controls International has set its Q4 2026 guidance at 1.550-1.550 EPS and its FY 2026 guidance at 5.050-5.050 EPS. The company's revenue was up 9.3% on a year-over-year basis in the latest quarter.

Despite positive earnings results, insider sales have outnumbered purchases recently, while several major institutions reduced their holdings even as others added shares.