The stock of Johnson Controls International plc (NYSE:JCI) increased by $0.33 on Tuesday to finish at $58.96, up 0.56 percent. The last five days have seen an average of 2,856,460 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$5.04. The average number of shares traded over the last 20 days was 4,413,520, while the average volume over the last 50 days totaled 3,847,888.
JCI stock dropped -15.23% since last month. On 08/25/23, the company’s shares reached a one-month low of $57.86. The stock touched a high of $70.43 on 08/01/23, after rallying from a low of $48.82 in 52 weeks. The price of JCI stock has declined by -7.88% or -$5.04 this year, reaching a new high 13 times. Still, the stock price is down -16.29% from the 52-week high.
Insider Transactions
JCI stock investors should be aware that Johnson Controls International plc (JCI) stock had its last reported insider trading activity 7 days ago on Aug 23. On Aug 23, Chairman & CEO Oliver George sold 103,332 shares at $59.23 each. This transaction resulted in the insider making $6,120,354. On May 18, MANNING NATHAN D sold 35,478 shares at a price of US$63.01. After the transaction, the insider now owns 90,485 shares. Exec VP & General Counsel Donofrio John had earlier sold 14,253 shares on May 09 for $63.02 a share. The transaction was completed for $898,247.
Valuation Metrics
Johnson Controls International plc (JCI) has a trailing price-to-earnings (P/E) ratio of 19.70. Beta for the stock is 1.27. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.50, the price-to-book (PB) ratio of 2.47, and the price-to-cash flow ratio of 26.99.
Company paid $0.37 per share in dividends, an increase of 2.78% from $0.36 last year. A $0.01 dividend increase was reported on Wednesday June 7 2023.
Financial Health
For the three months ended June 29, Johnson Controls International plc’s quick ratio was 0.80, while its current ratio was 1.10, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.52, and the total debt to equity ratio is 0.60. As far as profitability goes, gross margin for the trailing twelve months is 34.00% percent. Johnson Controls International plc’s EBITDA margin for the year ended June 29 was 12.67%, whereas its operating margin stood at 7.80% for the same period. Based on annual data, it had gross profit of $8.34 billion and revenue of $25.3 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. JCI’s return on assets (ROA) during the last 12 months has been 4.80%. There was a 7.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 12.80%.
Earnings Surprise
According to Johnson Controls International plc’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $6.69 billion, while revenues rose by 8.79% to $6.07 billion. It was predicted that Johnson Controls International plc’s quarterly earnings would be $1.03, but it ended up being $1.03. EBITDA was $1.01 billion for the quarter. At the end of Johnson Controls International plc’s most recent quarter ended June 29, its liabilities totaled 25.32 billion, while its total debt was $11.2 billion. Equity owned by shareholders amounts to $680.32 million.
Technical Picture
Here’s a quick look at Johnson Controls International plc’s (JCI) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 33.55%, suggesting the stock is Neutral, with a 11.55% historical volatility rate.
The stochastic %K and %D were 23.78% and 15.92% respectively, while the average true range (ATR) was 1.12. Based on the 14-day stochastic reading of 35.14%, the RSI (14) reading is 31.59%. On the 9-day MACD Oscillator, the stock is at -0.15, and the 14-day reading is at -0.34.
Analyst Ratings
Johnson Controls International plc (NYSE: JCI) was downgraded by Barclays to a an Equal weight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Johnson Controls International plc (JCI) an Overweight rating. JCI is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 16 others recommend it as a buy.
What is JCI’s price target for the next 12 months?
The current consensus forecast for the stock is between $67.00 and $86.00, with a median target price of $73.00. In analyzing these forecasts, the average price target given by analysts for Johnson Controls International plc (JCI) is $74.25.
