Johnson Controls International plc (NYSE: JCI) Not A Good Play Anymore?

Johnson Controls International plc (JCI) concluded trading on Wednesday at a closing price of $66.48, with 1.93 million shares of worth about $128.59 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.46% during that period and on Wednesday the price saw a gain of about 0.24%. Currently the company’s common shares owned by public are about 680.37M shares, out of which, 671.22M shares are available for trading.

Stock saw a price change of 0.86% in past 5 days and over the past one month there was a price change of -7.23%. Year-to-date (YTD), JCI shares are showing a performance of 15.33% which decreased to -1.76% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $47.90 but also hit the highest price of $74.23 during that period. The average intraday trading volume for Johnson Controls International plc shares is 5.13 million. The stock is currently trading -3.48% below its 20-day simple moving average (SMA20), while that difference is down -2.27% for SMA50 and it goes to 12.27% higher than SMA200.

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Johnson Controls International plc (NYSE: JCI) currently have 680.37M outstanding shares and institutions hold larger chunk of about 93.65% of that.

The stock has a current market capitalization of $44.78B and its 3Y-monthly beta is at 1.29. PE ratio of stock for trailing 12 months is 26.89, while it has posted earnings per share of $2.47 in the same period. Its PEG reads 2.36 and has Quick Ratio of 0.64 while making debt-to-equity ratio of 0.77. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for JCI, volatility over the week remained 1.85% while standing at 2.00% over the month.

Stock’s fiscal year EPS is expected to rise by 2.24% while it is estimated to increase by 14.06% in next year. EPS is likely to grow at an annualized rate of 11.41% for next 5-years, compared to annual growth of 3.00% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on May 06, 2024 offering a Neutral rating for the stock and assigned a target price range of between $74 and $68 to it. Coverage by Mizuho stated Johnson Controls International plc (JCI) stock as a Neutral in their note to investors on February 23, 2024, suggesting a price target of $62 for the stock. On February 20, 2024, Argus Downgrade their recommendations, while on January 31, 2024, HSBC Securities Downgrade their ratings for the stock with a price target of $60. Stock get a Hold rating from Deutsche Bank on January 31, 2024.

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