BofA Securities slashes price target on Johnson Controls International plc [JCI] – find out why.

Johnson Controls International plc [NYSE: JCI] stock went on a downward path that fall over -2.14% on Thursday, amounting to a one-week price decrease of less than -2.19%. The company report on October 18, 2022 that Johnson Controls Announces Fourth Quarter 2022 Earnings Conference Call Webcast.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored


Johnson Controls International plc (NYSE: JCI) announces the following webcast:.

What: Johnson Controls Fourth Quarter Fiscal 2022 Earnings Conference Call.

Over the last 12 months, JCI stock dropped by -29.86%. The one-year Johnson Controls International plc stock forecast points to a potential upside of 18.52.

The market cap for the stock reached $36.44 billion, with 692.20 million shares outstanding and 687.42 million shares in the current float. Compared to the average trading volume of 3.67M shares, JCI stock reached a trading volume of 3149011 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]:

BofA Securities have made an estimate for Johnson Controls International plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 02, 2022. While these analysts kept the previous recommendation, Deutsche Bank dropped their target price from $80 to $79. The new note on the price target was released on March 24, 2022, representing the official price target for Johnson Controls International plc stock. Previously, the target price had yet another raise to $93, while Mizuho analysts kept a Buy rating on JCI stock. On November 08, 2021, analysts increased their price target for JCI shares from 82 to 83.

The Average True Range (ATR) for Johnson Controls International plc is set at 1.76, with the Price to Sales ratio for JCI stock in the period of the last 12 months amounting to 1.46. The Price to Book ratio for the last quarter was 2.22, with the Price to Cash per share for the same quarter was set at 2.12.

JCI Stock Performance Analysis:

Johnson Controls International plc [JCI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.19. With this latest performance, JCI shares dropped by -2.40% in over the last four-week period, additionally sinking by -21.26% over the last 6 months – not to mention a drop of -29.86% 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 46.18, with the RSI for the last a single of trading hit 45.92, and the three-weeks RSI is set at 46.49 for Johnson Controls International plc [JCI]. The present Moving Average for the last 50 days of trading for this stock 54.09, while it was recorded at 52.04 for the last single week of trading, and 58.40 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 +11.69 and a Gross Margin at +34.02. Johnson Controls International plc’s Net Margin is presently recorded at +6.39.

Return on Total Capital for JCI is now 9.98, given the latest momentum, and Return on Invested Capital for the company is 5.82. Return on Equity for this stock inclined to 8.64, with Return on Assets sitting at 3.66. 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 51.90. Additionally, JCI Total Debt to Total Capital is recorded at 34.17, with Total Debt to Total Assets ending up at 21.76. Long-Term Debt to Equity for the company is recorded at 48.75, with the Long-Term Debt to Total Capital now at 32.09.

Reflecting on the efficiency of the workforce at the company, Johnson Controls International plc [JCI] managed to generate an average of $14,980 per employee. Receivables Turnover for the company is 4.24 with a Total Asset Turnover recorded at a value of 0.57.Johnson Controls International plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.00.

JCI Stock EPS

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 16.11%.

Johnson Controls International plc [JCI] Insider Position Details

There are presently around $31,582 million, or 97.50% of JCI stock, in the hands of institutional investors. The top three institutional holders of JCI stocks are: WELLINGTON MANAGEMENT GROUP LLP with ownership of 68,090,523, which is approximately 17.717% of the company’s market cap and around 0.10% of the total institutional ownership; DODGE & COX, holding 64,777,731 shares of the stock with an approximate value of $3.32 billion in JCI stocks shares; and VANGUARD GROUP INC, currently with $3.05 billion in JCI stock with ownership of nearly 0.628% of the company’s market capitalization.

Positions in Johnson Controls International plc stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 383 institutional holders increased their position in Johnson Controls International plc [NYSE:JCI] by around 47,580,320 shares. Additionally, 462 investors decreased positions by around 44,135,740 shares, while 153 investors held positions by with 524,035,494 shares. The mentioned changes placed institutional holdings at 615,751,554 shares, according to the latest SEC report filing. JCI stock had 80 new institutional investments in for a total of 3,962,516 shares, while 125 institutional investors sold positions of 11,035,044 shares during the same period.

LEAVE A REPLY

Please enter your comment!
Please enter your name here