Johnson Controls International plc (NYSE:JCI) traded at $42.29 at last check on Tuesday, Sep 15, making a downturn move of -0.52% on its previous day’s price.
Looking at the stock we see that its previous close was $42.51 and the beta (5Y monthly) reads 1.07 with the day’s price range being $42.24 – 42.87. The company has a 12-month trailing PE ratio of 41.62. In terms of its 52-week price range, JCI has a high of $44.82 and a low of $22.77. The company’s stock has gained about 3.5% over that past 30 days.
Johnson has a market cap of $31.06 Billion and is expected to release its quarterly earnings report on Nov 05, 2020- Nov 09, 2020. With its Forward Dividend at 1.04 and a yield of 2.46%, the company’s investors could be anxious for the JCI stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.72, with the EPS growth for the year raised at $2.2 for 2020 and $2.45 for next year. These figures represent 0.12% and at 0.11% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $5.62 Billion, with a low of $5.49 Billion and a high of $5.79 Billion. The median projection represents growth adding up to -10.4% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $21.98 Billion, or -8.3% down from figures reported last year.
On the other hand, looking at the outlook for the JCI stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Based on estimates by 22 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 8 have rated the Johnson Controls International plc (JCI) stock as a Hold, while 14 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the JCI stock currently stands at 3.22, and the current price level is 3.06% off its SMA20 and 9% from its 50-day simple moving average. The RSI (14) is pointing at 61.53 while the volatility over the past week is 1.96% and drops to 1.96% over the past one month. The beta value is 1.07, while the average true range (ATR) is currently pointing at 0.89. The average price target for the stock over the next 12 months is $45.29, with the estimates having a low of $38 and a high of $60. These price ends are -10.14% and +41.88% off the current price level respectively, although investors could be excited at the prospect of a +6.41% if the JCI share price touches on the median price of $45.
Let’s briefly compare Johnson (JCI) stock to its peers. We find that today’s price change of -0.52% and -3.25% over the past 12 months for JCI competes that of Nortonlifelock Inc. (NLOK), which has seen its stock price fall -0.14% in the latest trading session and is +51.46% over the last one year. Another of its peers Fortune Brands Home & Security (FBHS) has climbed 0.37% today, and is +57.31% up over the past year, while Allegion Plc (ALLE) is also down -0.52% yet its price remains in the red at -3.25% over the same period. Nortonlifelock has a P/E ratio of 19.66 compared to Johnson’s 41.62 and Fortune’s 27.18. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.52% and 0.01%, respectively, in early deals.
Coming back to Johnson Controls International plc (NYSE:JCI), we note that the average 3-month trading volume was 5.12 Million, while that of the preceding 10-day period stands at 4.9 Million. Current shares outstanding are 744.05 Million.
According to data from Thomson Reuters, insiders hold 0.22% of the company’s shares while institutions hold 94.11%. The data shows that short shares as of August 30, 2020, stood at 11.15 Million at a short ratio of 2.34. This represents a 1.5% Short interest in Shares outstanding on August 30, 2020. Shares short dropped in August from the previous month at 11.65 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +3.88% up in year-to-date price movement.