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Is It Safe To Invest In Johnson Controls International plc (NYSE: JCI) Now?

Johnson Controls International plc (NYSE:JCI) price on Friday, March 17, fall -3.62% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $57.30.

A look at the stock’s price movement, the close in the last trading session was $59.45, moving within a range at $56.88 and $58.38. The beta value (5-Year monthly) was 1.25 while the PE ratio in trailing twelve months stood at 31.23. Turning to its 52-week performance, $69.60 and $45.52 were the 52-week high and 52-week low respectively. Overall, JCI moved -12.12% over the past month.

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Johnson Controls International plc’s market cap currently stands at around $40.56 billion, with investors looking forward to this quarter’s earnings report slated for Feb 01, 2023. The company has a Forward Dividend ratio of 1.44, with its dividend yield at 2.51%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $0.73, which has seen fiscal year 2023 EPS growth forecast to increase to $3.52 and about $4.02 for fiscal year 2024. Per the data, EPS growth is expected to be 17.30% for 2023 and 14.20% for the next financial year.

Analysts have a consensus estimate of $6.51 billion for the company’s revenue for the quarter, with a low and high estimate of $6.4 billion and $6.66 billion respectively. The average forecast suggests up to a 6.70% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2023 to grow to $26.89 billion, representing a 6.30% jump on that reported in the last financial year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that JCI is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.

22 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 7 analyst(s) rate the stock as a Hold, 13 recommend JCI as a Buy and 2 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

The technical evaluation for the stock shows the PEG ratio is 1.96, with JCI’s current price about -9.01% and -12.04% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 30.69, while 7-day volatility ratio is 3.18% and 2.37% in the 30-day chart. Further, Johnson Controls International plc (JCI) has a beta value of 1.24, and an average true range (ATR) of 1.78.

In the market, a comparison of Johnson Controls International plc (JCI) and its peers suggest the former has performed considerably weaker. Data shows JCI’s intraday price has changed -3.62% in last session and -11.33% over the past year. Comparatively, Honeywell International Inc. (HON) has moved -2.38% on the day and only -3.35% in the past 12 months. Moreover, Suncor Energy Inc. (SU) is also down -1.37% in trading on the day while keeping a a downtrend of -3.84% over the past year. If we look at the PE ratio, we find that Johnson Controls International plc’s ratio stands at 31.23 compared to Honeywell International Inc.’s 25.39. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -1.10% and -1.19% respectively in the last trading.

If we refocus on Johnson Controls International plc (NYSE:JCI), historical trading data shows that trading volumes averaged 3.94 million over the past 10 days and 3.38 million over the past 3 months. The company’s latest data on shares outstanding shows there are 687.00 million shares.

The 0.20% of Johnson Controls International plc’s shares are in the hands of company insiders while institutional holders own 97.80% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.48 million on Feb 27, 2023, giving us a short ratio of 1.99. The data shows that as of Feb 27, 2023 short interest in Johnson Controls International plc (JCI) stood at 1.09% of shares outstanding, with shares short rising to 7.4 million registered in Jan 30, 2023. Current price change has pushed the stock -10.47% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the JCI stock continues to rise going into the next quarter.

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