The trading price of Johnson Controls International plc (NYSE:JCI) closed higher on Tuesday, July 20, closing at $69.74, 2.51% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $67.99 and $69.95. The company’s P/E ratio in the trailing 12-month period was 54.53, while its 5Y monthly beta was 1.12. In examining the 52-week price action we see that the stock hit a 52-week high of $70.81 and a 52-week low of $36.41. Over the past month, the stock has gained 8.22% in value.
Johnson Controls International plc, whose market valuation is $50.26 billion at the time of this writing, is expected to release its quarterly earnings report Jul 29, 2021 – Aug 02, 2021. The dividend yield on the company stock is 1.55%, while its Forward Dividend ratio is 1.08. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.83 per share this quarter, however they have predicted annual earnings per share of $2.64 for 2021 and $3.19 for 2022. It means analysts are expecting annual earnings per share growth of 17.90% this year and 20.80% next year.
Analysts have forecast the company to bring in revenue of $6.24 billion for the current quarter, with the likely lows of $6.08 billion and highs of $6.47 billion. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $23.56 billion. The company’s revenue is forecast to grow by 5.60% over what it did in 2021.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Johnson Controls International plc 1 upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest JCI has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned JCI a recommendation rating is 21. Out of them, 5 rate it a Hold, while 13 recommend Buy, whereas 2 assign an Overweight rating. 1 analyst(s) have tagged Johnson Controls International plc (JCI) as Underweight, while 0 advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 3.14, which symbolizes a positive outlook. A quick review shows that JCI’s price is currently 1.75% off the SMA20 and 4.35% off the SMA50. The RSI metric on the 14-day chart is currently showing 57.16, and weekly volatility stands at 1.74%. When measured over the past 30 days, the indicator reaches 1.63%. Johnson Controls International plc (NYSE:JCI)’s beta value is currently sitting at 1.09, while the Average True Range indicator is currently displaying 1.33. With analysts defining $68.00-$85.00 as the low and high price targets, we arrive at a consensus price target of $75.94 for the trailing 12-month period. The current price is about 2.49% off the estimated low and -21.88% off the forecast high, based on this estimate. Investors will be thrilled if JCI’s share price rises to $75.00, which is the median consensus price. At that level, JCI’s share price would be -7.54% below current price.
To see how Johnson Controls International plc stock has been performing in comparison to its peers in the industry, here are the numbers: JCI stock’s performance was 2.51% in the latest trading, and 89.51% in the past year. Another comparable company General Electric Company (GE) saw its stock close 5.83% higher in the most recent trading session but was up 84.86% in a year. Furthermore, 3M Company (MMM) showed an increase of 1.65% on the day while its price kept inclining at 28.43% over the past year. Johnson Controls International plc has a P/E ratio of 54.53. Also in last trading session, the S&P 500 Index has surged 1.52%, while the Dow Jones Industrial also saw a positive session, up 1.62% on the day.
An evaluation of the daily trading volume of Johnson Controls International plc (NYSE:JCI) indicates that the 3-month average is 4.47 million. However, this figure has increased over the past 10 days to an average of 3.99 million.
Currently, records show that 717.10 million of the company’s shares remain outstanding. The insiders hold 0.20% of outstanding shares, whereas institutions hold 92.00%. The stats also highlight that short interest as of Jun 14, 2021, stood at 8.14 million shares, resulting in a short ratio of 2.01 at that time. From this, we can conclude that short interest is 1.14% of the company’s total outstanding shares. It is noteworthy that short shares in June were down slightly from the previous month’s figure, which was 10.42 million. However, since the stock’s price has seen 49.69% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.