Johnson Controls International plc (NYSE:JCI) shares, rose in value, with the stock price up by 0.16% to the previous day’s close as strong demand from buyers drove the stock to $63.19.
Actively observing the price movement in the last trading, the stock closed the session at $63.09. The value of beta (5-year monthly) was 1.25 whereas the PE ratio was 20.56 over 12-month period. Referring to stock’s 52-week performance, its high was $70.43, and the low was $47.90. On the whole, JCI has fluctuated by 10.72% over the past month.
With the market capitalization of Johnson Controls International plc currently standing at about $43.06 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 03, 2024 – May 07, 2024. The company’s Forward Dividend Ratio is 1.47, with its dividend yield at 2.33%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.75, which is expected to increase to $1.18 for fiscal year $3.61 and then to about $4.12 by fiscal year 2025. Data indicates that the EPS growth is expected to be 3.10% in 2025, while the next year’s EPS growth is forecast to be 14.10%.
Analysts have estimated the company’s revenue for the quarter at $6.74 billion, with a low estimate of $6.64 billion and a high estimate of $6.92 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $27.84 billion, representing an increase of 3.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that JCI’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.75, with the price of JCI currently trading nearly 5.74% and 10.66% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 76.19, while the 7-day volatility ratio is showing 1.36% which for the 30-day chart, stands at 1.44%. Furthermore, Johnson Controls International plc (JCI)’s beta value is 1.25, and its average true range (ATR) is 0.98.
A comparison of Johnson Controls International plc (JCI) with its peers suggests the former has fared considerably weaker in the market. JCI showed an intraday change of 0.16% in last session, and over the past year, it grew by 7.12%%.
Data on historical trading for Johnson Controls International plc (NYSE:JCI) indicates that the trading volumes over the past 10 days have averaged 5.49 million and over the past 3 months, they’ve averaged 6.10 million. According to company’s latest data on outstanding shares, there are 680.37 million shares outstanding.
Nearly 0.83% of Johnson Controls International plc’s shares belong to company insiders and institutional investors own 91.84% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.5 million shares as on Feb 29, 2024, resulting in a short ratio of 1.38. According to the data, the short interest in Johnson Controls International plc (JCI) stood at 1.25% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 9.46 million. The stock has risen by 9.63% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the JCI stock heading into the next quarter.
