Johnson Controls International plc [JCI] stock Downgrade by BofA Securities analyst, price target now $72

Johnson Controls International plc [NYSE: JCI] price surged by 3.37 percent to reach at $2.04. The company report on March 13, 2023 that Building managers can digitally assess carbon footprints, set emissions targets, manage emissions, and track progress for reporting.

As national leaders seek proof of progress towards net zero goals, they are calling on building owners to set goals, track progress, and report transparently against targets.

Accurate carbon footprint assessment, target-setting, reduction management, and tracking are paramount, as climate disclosures become mandatory not only for building certification and environmental reporting, but also for financial regulation.

A sum of 4858821 shares traded at recent session while its average daily volume was at 3.40M shares. Johnson Controls International plc shares reached a high of $62.76 and dropped to a low of $61.43 until finishing in the latest session at $62.57.

The one-year JCI stock forecast points to a potential upside of 13.1. The average equity rating for JCI stock is currently 2.10, trading closer to a bullish pattern in the stock market.

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 $72.00 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 2.10. 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.

BofA Securities have made an estimate for Johnson Controls International plc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 12, 2022. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. The new note on the price target was released on May 02, 2022, representing the official price target for Johnson Controls International plc stock. Previously, the target price had yet another drop from $80 to $79, while Deutsche Bank kept a Buy rating on JCI stock.

The Average True Range (ATR) for Johnson Controls International plc is set at 1.51, with the Price to Sales ratio for JCI stock in the period of the last 12 months amounting to 1.74. The Price to Book ratio for the last quarter was 2.68, with the Price to Cash per share for the same quarter was set at 2.13.

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 -3.90. With this latest performance, JCI shares dropped by -3.13% in over the last four-week period, additionally plugging by 6.30% over the last 6 months – not to mention a rise of 3.46% 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 43.89, with the RSI for the last a single of trading hit 44.00, and the three-weeks RSI is set at 44.76 for Johnson Controls International plc [JCI]. The present Moving Average for the last 50 days of trading for this stock 65.35, while it was recorded at 62.58 for the last single week of trading, and 58.39 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 +9.39 and a Gross Margin at +32.87. Johnson Controls International plc’s Net Margin is presently recorded at +6.06.

Return on Equity for this stock inclined to 9.06, with Return on Assets sitting at 3.62.

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 15.95%.

Johnson Controls International plc [JCI] Insider Position Details

There are presently around $38,649 million, or 97.80% of JCI stock, in the hands of institutional investors. The top three institutional holders of JCI stocks are: DODGE & COX with ownership of 62,614,115, which is approximately -3.379% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 59,465,991 shares of the stock with an approximate value of $3.72 billion in JCI stocks shares; and BLACKROCK INC., currently with $3.54 billion in JCI stock with ownership of nearly 1.595% of the company’s market capitalization.

Positions in Johnson Controls International plc stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 481 institutional holders increased their position in Johnson Controls International plc [NYSE:JCI] by around 34,853,023 shares. Additionally, 405 investors decreased positions by around 37,954,732 shares, while 145 investors held positions by with 544,891,450 shares. The mentioned changes placed institutional holdings at 617,699,205 shares, according to the latest SEC report filing. JCI stock had 170 new institutional investments in for a total of 7,896,566 shares, while 64 institutional investors sold positions of 6,202,981 shares during the same period.