Johnson Controls International plc (NYSE: JCI)’s stock price has plunge by 0.74relation to previous closing price of 63.63. Nevertheless, the company has seen a 0.53% surge in its stock price over the last five trading sessions. Reuters reported 2024-03-22 that Robert Bosch GmbH, Lennox International and Samsung Electronics are among the suitors competing to acquire heating and ventilation businesses worth over $6 billion from Johnson Controls International , people familiar with the matter said on Friday.
Is It Worth Investing in Johnson Controls International plc (NYSE: JCI) Right Now?
Johnson Controls International plc (NYSE: JCI) has a higher price-to-earnings ratio of 20.86x compared to its average ratio, The 36-month beta value for JCI is at 1.25. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 3 rating it as “overweight,” 10 as “hold,” and 0 as “sell.”
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The public float for JCI is 675.78M, and currently, shorts hold a 1.26% of that float. The average trading volume for JCI on March 27, 2024 was 5.76M shares.
JCI’s Market Performance
The stock of Johnson Controls International plc (JCI) has seen a 0.53% increase in the past week, with a 9.42% rise in the past month, and a 12.97% gain in the past quarter. The volatility ratio for the week is 1.22%, and the volatility levels for the past 30 days are at 1.29% for JCI. The simple moving average for the last 20 days is 3.59% for JCI stock, with a simple moving average of 10.50% for the last 200 days.
Analysts’ Opinion of JCI
Many brokerage firms have already submitted their reports for JCI stocks, with Mizuho repeating the rating for JCI by listing it as a “Neutral.” The predicted price for JCI in the upcoming period, according to Mizuho is $62 based on the research report published on February 23, 2024 of the current year 2024.
HSBC Securities gave a rating of “Hold” to JCI, setting the target price at $60 in the report published on January 31st of the current year.
JCI Trading at 10.46% from the 50-Day Moving Average
After a stumble in the market that brought JCI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.99% of loss for the given period.
Volatility was left at 1.29%, however, over the last 30 days, the volatility rate increased by 1.22%, as shares surge +7.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.77% upper at present.
During the last 5 trading sessions, JCI rose by +0.53%, which changed the moving average for the period of 200-days by +0.87% in comparison to the 20-day moving average, which settled at $62.11. In addition, Johnson Controls International plc saw 11.21% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at JCI starting from Vandiepenbeeck Marc, who sale 186 shares at the price of $63.87 back on Mar 20 ’24. After this action, Vandiepenbeeck Marc now owns 44,687 shares of Johnson Controls International plc, valued at $11,880 using the latest closing price.
Vandiepenbeeck Marc, the EVP and CFO of Johnson Controls International plc, sale 186 shares at $60.24 during a trade that took place back on Mar 04 ’24, which means that Vandiepenbeeck Marc is holding 44,873 shares at $11,205 based on the most recent closing price.
Stock Fundamentals for JCI
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.33 for the gross margin
The net margin for Johnson Controls International plc stands at 0.08. The total capital return value is set at 0.08. Equity return is now at value 12.86, with 4.85 for asset returns.
Based on Johnson Controls International plc (JCI), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 8.42.
Currently, EBITDA for the company is 3.9 billion with net debt to EBITDA at 2.28. When we switch over and look at the enterprise to sales, we see a ratio of 1.96. The receivables turnover for the company is 4.44for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.96.
Conclusion
In conclusion, Johnson Controls International plc (JCI) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
