why Johnson Controls International plc [JCI] is a Good Choice for Investors After New Price Target of $77.89

Johnson Controls International plc [NYSE: JCI] price surged by 1.58 percent to reach at $1.17.

The one-year JCI stock forecast points to a potential upside of 3.36. The average equity rating for JCI stock is currently 2.04, trading closer to a bullish pattern in the stock market.

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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 $77.89 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 2.04. 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 Buy, with their previous recommendation back on September 10, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Overweight. The new note on the price target was released on September 06, 2024, representing the official price target for Johnson Controls International plc stock. Previously, the target price had yet another raise from $61 to $69, while RBC Capital Mkts kept a Sector Perform rating on JCI stock. On May 06, 2024, analysts decreased their price target for JCI shares from 74 to 68.

The Average True Range (ATR) for Johnson Controls International plc is set at 1.58, with the Price to Sales ratio for JCI stock in the period of the last 12 months amounting to 1.87. The Price to Book ratio for the last quarter was 3.15, with the Price to Cash per share for the same quarter was set at 1.31. Price to Free Cash Flow for JCI in the course of the last twelve months was 34.32 with Quick ratio for the last quarter at 0.71.

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 3.81. With this latest performance, JCI shares gained by 6.61% in over the last four-week period, additionally plugging by 18.07% over the last 6 months – not to mention a rise of 36.31% 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 68.63, with the RSI for the last a single of trading hit 75.70, and the three-weeks RSI is set at 64.15 for Johnson Controls International plc [JCI]. The present Moving Average for the last 50 days of trading for this stock 70.00, while it was recorded at 73.85 for the last single week of trading, and 64.22 for the last 200 days.

Insight into Johnson Controls International plc Fundamentals:

Johnson Controls International plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.71 and a Current Ratio set at 0.94.

JCI Stock EPS

With the latest financial reports released by the company, Johnson Controls International plc posted 1.05/share EPS, while the average EPS was predicted by analysts to be reported at 1.09/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.04. 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 9.32%.

Johnson Controls International plc [JCI] Institutonal Ownership Details

There are presently around $94.43%, or 94.72%% of JCI stock, in the hands of institutional investors. The top three institutional holders of JCI stocks are: DODGE & COX with ownership of 85.27 million shares, which is approximately 12.5586%. VANGUARD GROUP INC, holding 68.12 million shares of the stock with an approximate value of $$4.53 billion in JCI stocks shares; and VANGUARD GROUP INC, currently with $$3.44 billion in JCI stock with ownership which is approximately 7.6298%.

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