Market Analysts see Johnson Controls International plc [JCI] falling to $75. Time to buy?

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Johnson Controls International plc [NYSE: JCI] stock went on a downward path that fall over -0.57% on Wednesday, amounting to a one-week price increase of more than 0.71%. The company report on June 10, 2021 that Johnson Controls Announces Quarterly Dividend.

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The board of directors of Johnson Controls International plc (NYSE: JCI) approved a regular quarterly cash dividend of $0.27 per common share payable on July 16, 2021 to shareholders of record at the close of business on June 21, 2021. Johnson Controls has paid a consecutive dividend since 1887.

About Johnson ControlsAt Johnson Controls (NYSE:JCI), we transform the environments where people live, work, learn and play. As the global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet.

Over the last 12 months, JCI stock rose by 87.07%. The one-year Johnson Controls International plc stock forecast points to a potential upside of 4.93. The average equity rating for JCI stock is currently 2.20, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $47.83 billion, with 717.10 million shares outstanding and 714.74 million shares in the current float. Compared to the average trading volume of 4.41M shares, JCI stock reached a trading volume of 3952574 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Johnson Controls International plc [JCI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for JCI shares is $70.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on JCI stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Johnson Controls International plc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 08, 2021. While these analysts kept the previous recommendation, Barclays raised their target price from $67 to $75. The new note on the price target was released on May 26, 2021, representing the official price target for Johnson Controls International plc stock. Previously, the target price had yet another drop from $70 to $66, while RBC Capital Mkts kept a Sector Perform rating on JCI stock. On March 29, 2021, analysts increased their price target for JCI shares from 52 to 73.

The Average True Range (ATR) for Johnson Controls International plc is set at 1.28, with the Price to Sales ratio for JCI stock in the period of the last 12 months amounting to 2.15. The Price to Book ratio for the last quarter was 2.71, with the Price to Cash per share for the same quarter was set at 2.63. Price to Free Cash Flow for JCI in the course of the last twelve months was 27.66 with Quick ratio for the last quarter at 0.90.

JCI Stock Performance Analysis:

Johnson Controls International plc [JCI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.71. With this latest performance, JCI shares gained by 1.56% in over the last four-week period, additionally plugging by 47.76% over the last 6 months – not to mention a rise of 87.07% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for JCI stock in for the last two-week period is set at 60.56, with the RSI for the last a single of trading hit 60.64, and the three-weeks RSI is set at 60.59 for Johnson Controls International plc [JCI]. The present Moving Average for the last 50 days of trading for this stock 63.64, while it was recorded at 66.73 for the last single week of trading, and 51.87 for the last 200 days.

Insight into Johnson Controls International plc Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Johnson Controls International plc [JCI] shares currently have an operating margin of +7.86 and a Gross Margin at +33.23. Johnson Controls International plc’s Net Margin is presently recorded at +2.83.

Return on Total Capital for JCI is now 6.31, given the latest momentum, and Return on Invested Capital for the company is 2.41. Return on Equity for this stock inclined to 3.39, with Return on Assets sitting at 1.52. When it comes to the capital structure of this company, Johnson Controls International plc [JCI] has a Total Debt to Total Equity ratio set at 51.73. Additionally, JCI Total Debt to Total Capital is recorded at 34.10, with Total Debt to Total Assets ending up at 22.11. Long-Term Debt to Equity for the company is recorded at 48.15, with the Long-Term Debt to Total Capital now at 31.73.

Reflecting on the efficiency of the workforce at the company, Johnson Controls International plc [JCI] managed to generate an average of $6,505 per employee. Receivables Turnover for the company is 3.94 with a Total Asset Turnover recorded at a value of 0.54.Johnson Controls International plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.20.

JCI Stock EPS

With the latest financial reports released by the company, Johnson Controls International plc posted 0.67/share EPS, while the average EPS was predicted by analysts to be reported at 0.48/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 39.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for JCI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Johnson Controls International plc go to 17.36%.

Johnson Controls International plc [JCI] Insider Position Details

There are presently around $42,830 million, or 93.00% of JCI stock, in the hands of institutional investors. The top three institutional holders of JCI stocks are: DODGE & COX with ownership of 72,593,832, which is approximately -11.108% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 58,839,516 shares of the stock with an approximate value of $3.93 billion in JCI stocks shares; and BLACKROCK INC., currently with $3.68 billion in JCI stock with ownership of nearly 1.912% of the company’s market capitalization.

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Positions in Johnson Controls International plc stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 375 institutional holders increased their position in Johnson Controls International plc [NYSE:JCI] by around 63,873,525 shares. Additionally, 409 investors decreased positions by around 63,975,942 shares, while 153 investors held positions by with 512,740,923 shares. The mentioned changes placed institutional holdings at 640,590,390 shares, according to the latest SEC report filing. JCI stock had 128 new institutional investments in for a total of 6,244,197 shares, while 70 institutional investors sold positions of 6,054,106 shares during the same period.

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