Johnson Controls International plc (NYSE:JCI) saw a downside of -0.74% to close Monday at $58.85 after subtracting -$0.44 on the day. The 5-day average trading volume is 3,836,760 shares of the company’s common stock. It has gained $60.54 in the past week and touched a new high 2 times within the past 5 days. An average of 4,494,280 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,809,112.
JCI’s 1-month performance is -14.67% or -$10.12 on its low of $58.36 reached on 08/21/23. The company’s shares have touched a 52-week low of $48.82 and high of $70.43, with the stock’s rally to the 52-week high happening on 08/01/23. YTD, JCI has lost -8.05% or -$5.15 and has reached a new high 13 times. However, the current price is down -16.44% from the 52-week high price.
Insider Transactions
JCI stock investors last saw insider trading activity on May 18.MANNING NATHAN D (COO, Global Field Ops) most recently sold 35,478 shares at $63.01 per share on May 18. This transaction cost the insider $2,235,437. Exec VP & General Counsel, Donofrio John, sold 14,253 shares at a price of $63.02 on May 09. Then, on May 08, EVP and CFO LEONETTI OLIVIER sold 30,997 shares at a price of $62.36 per share. This transaction amounted to $1,932,973.
Valuation Metrics
JCI stock has a beta of 1.27. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.50 while the price-to-book (PB) in the most recent quarter is 2.46, with the price to cash flow ratio at 26.96.
Johnson Controls International plc’s quick ratio for the period ended June 29 was 0.80, with the current ratio over the same period at 1.10. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.52, while the total debt to equity was 0.60. In terms of profitability, the gross margin trailing 12 months is 34.00%. The trailing 12-month EBITDA margin is 12.67% while for the period ending June 29, Johnson Controls International plc’s operating margin was 7.80%. The firm’s gross profit as reported stood at $8.34 billion against revenue of $25.3 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 91.73% to $133.0 million, while revenue of $118.0 million was 11.28% off the previous quarter. Analysts expected JCI to announce $1.03 per share in earnings in its latest quarter, but it posted $1.03, representing a 0.00% surprise. EBITDA for the quarter stood at more than $1.01 billion. JCI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 25.32 billion, with total debt at $11.2 billion. Shareholders hold equity totaling $680.32 million.
Let’s look briefly at Johnson Controls International plc (JCI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 17.81% to suggest the stock is trending oversold, with historical volatility in this time period at 8.75%.
The stock’s 5-day moving average is $59.14, reflecting a -0.96% or -$0.57 change from its current price. JCI is currently trading -14.59% above its 20-day SMA, -0.10% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.40% and SMA200 by+1.47%.
Stochastic %K and %D was 4.90% and 4.95% and the average true range (ATR) pointed at 1.26. The RSI (14) points at 23.36%, while the 14-day stochastic is at 4.61% with the period’s ATR at 1.28. The stock’s 9-day MACD Oscillator is pointing at -0.32 and -1.41 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Johnson Controls International plc (NYSE: JCI), Barclays downgraded it to an Equal weight rating. They previously had an Overweight rating on the stock.
What is JCI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $67.00 and a high of $86.00, with their median price target at $73.00. Looking at these predictions, the average price target given by analysts is for Johnson Controls International plc (JCI) stock is $74.25.
