Johnson Controls International plc (NYSE:JCI) does about 5.85M shares in volume on a normal day but saw 3604449 shares change hands in Tuesday trading. The company now has a market cap of 44.75B USD. Its current market price is $65.66, marking an increase of 1.25% compared to the previous close of $64.85. The 52 week high reached by this stock is $70.43 whilst the lowest price level in 52 weeks is $47.90.
Johnson Controls International plc (JCI) has a 20-day trading average at $64.22 and the current price is -6.77% off the 52-week high compared with 37.08% distance from its 52-week low. The 50-day simple moving average of the closing price is $60.07 and its 200-day simple moving average is $58.02. If we look at the stock’s price movements over the week, volatility stands at 1.90%, which decreases to 1.39% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 67.78 to suggest the stock is neutral.
The consensus objective for the share price is $66.56, suggesting that the stock has a potential upside of 1.35% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 23, 2024 when Mizuho downgraded the stock to “Neutral” and issued a price target of $62. HSBC Securities downgraded its price target at $60.
Johnson Controls International plc (JCI) stock is up 0.24% over the week and 6.37% over the past month. Its price is 13.91% year-to-date and 17.29% over the past year.
JCI’s earnings per share are forecast to grow by 3.10% this year and 14.10% over next year. Expected sales for next quarter are $7.53 billion, which analysts say will come at $27.84 billion for the current fiscal year and next year at $29.16 billion. In addition, estimates put the company’s current quarterly revenue at an average of $6.73 billion.
To reach the target analysts have set, the stock logically needs to grow 1.35 percent from here.
Outstanding shares total 680.37M with insiders holding 0.30% of the shares and institutional holders owning 92.96% of the company’s common stock. The company has a return on investment of 8.18% and return on equity of 12.86%. The price to earnings ratio (P/E ratio) amounts to 21.37 while the forward price to earnings ratio is 15.93. The beta has a value of 1.26. Price to book ratio is 2.68 and price to sales ratio is 1.67.
