In yesterday’s Wall Street session, Johnson Controls International plc (NYSE:JCI) shares traded at $48.72, up 0.66% from the previous session.
As of this writing, 23 analysts cover Johnson Controls International plc (NYSE:JCI). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $82.00 and a low of $58.00, we find $72.00. Given the previous closing price of $48.40, this indicates a potential upside of 48.76 percent. JCI stock price is now -12.33% away from the 50-day moving average and -20.78% away from the 200-day moving average. The market capitalization of the company currently stands at $33.15B.
There are 5 analysts who have given it a hold rating, whereas 16 have given it a buy rating. Brokers who have rated the stock have averaged $69.75 as their price target over the next twelve months.
With the price target enhanced from $58 to $69, HSBC Securities Upgraded its rating from Hold to Buy for Johnson Controls International plc (NYSE: JCI).
In other news, Oliver George, Chairman & CEO sold 103,332 shares of the company’s stock on Oct 16. The stock was sold for $5,411,497 at an average price of $52.37. Upon completion of the transaction, the Chairman & CEO now directly owns 979,759 shares in the company, valued at $47.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 23, Chairman & CEO Oliver George sold 103,332 shares of the business’s stock. A total of $6,120,354 was realized by selling the stock at an average price of $59.23. This leaves the insider owning 979,759 shares of the company worth $47.73 million. Insiders disposed of 728,292 shares of company stock worth roughly $35.48 million over the past 1 year. A total of 0.69% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in JCI stock. A new stake in Johnson Controls International plc shares was purchased by SCOPUS ASSET MANAGEMENT, L.P. during the first quarter worth $28,745,000. ABEILLE ASSET MANAGEMENT SA invested $25,470,000 in shares of JCI during the first quarter. In the first quarter, SHELLBACK CAPITAL, LP acquired a new stake in Johnson Controls International plc valued at approximately $16,130,000. UNISUPER MANAGEMENT PTY LTD acquired a new stake in JCI for approximately $13,127,000. DEPRINCE RACE & ZOLLO INC purchased a new stake in JCI valued at around $12,223,000 in the second quarter. In total, there are 1,431 active investors with 91.74% ownership of the company’s stock.
Tuesday morning saw Johnson Controls International plc (NYSE: JCI) opened at $49.05. During the past 12 months, Johnson Controls International plc has had a low of $48.32 and a high of $70.43. As of last week, the company has a debt-to-equity ratio of 0.69, a current ratio of 1.06, and a quick ratio of 0.79. According to the stock market information, the enterprise value for the company is $41.85B, which is based on a 16.28 price-to-earnings ratio, a 1.07 price-to-earnings-growth ratio, and a beta of 1.28. The fifty day moving average price for JCI is $55.36 and a two-hundred day moving average price translates $61.41 for the stock.
The latest earnings results from Johnson Controls International plc (NYSE: JCI) was released for Jun, 2023. According to the Building Products & Equipment Company, earnings per share came in at $1.03, inline with analysts’ expectations of $1.03. This compares to $0.64 EPS in the same period last year. The net profit margin was 7.74% and return on equity was 12.76% for JCI. The company reported revenue of $7.13 billion for the quarter, compared to $6.61 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.85 percent. For the current quarter, analysts expect JCI to generate $7.1B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/14/2023. Investors who held shares on 06/20/2023 were paid a $0.37 dividend. On an annualized basis, this represents a $1.40 dividend and a 2.87% percent yield. There was an ex-dividend date of 06/16/2023 for this dividend. In terms of dividend payout ratio, JCI is presently at 63.48%.
