On 12 February, shares of Johnson Controls International plc (NYSE:JCI) closed higher after a volatile session. The shares accumulated 0.54 points or 1.58 percent at $34.61 with a light trade volume of 5.416 million shares. After opening the session at $34.26, the shares went as high as $34.74 and as low as $34.26, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $31.9 billion and now has 921.6 million shares outstanding. Johnson Controls International plc (JCI) stock has gained 7.55 percent of market value in 21 trading days.
JCI stock has a trailing 3-year beta of 1.07, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $2.09 a share in the trailing twelve months. The stock’s value has surged 16.73 percent year to date (YTD) against a decline of -4.63 percent in 12 month’s time. The company’s shares still trade -14.17 percent away from its 1-year high of $40.33 and 22.32 percent up from 52-week low of $28.30. The average consensus rating on the company is 2.7, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Johnson Controls International plc (JCI) will probably climb 9.01 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $45 price as 12-month high target. This represents a whopping 30.02 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $36, which represents a return potential of 4.02 percent when compared to the closing price of the stock of $34.61 on Tuesday, February 12. The lowest price target for the stock is $29 — slightly more than -16.21 percent from JCI’s current share price.
History has shown that shares in Johnson Controls International plc have gone up on 18 different earnings reaction days and are predicted to add 0.01 percent when the company reports upcoming earnings.
Let’s take a look at some insider activity at Johnson Controls International plc (NYSE:JCI) and see the pattern. The earliest insider trade took place on 05/14/2018. Rushing Rodney M parted with a total of 8.15 thousand shares of company at average share price of $36.55. The total for the sales was set at $297.81 thousand. After this transaction, the Pres. Bldg Solutions, North Am account balance stood at 32 thousand shares. The stock lost -5.31 percent since that insider sale. On 02/21/2018, Rushing Rodney M, Pres. Bldg Solutions, North Am, sold 14.2 thousand shares at a price per share of $37.88. This removed 537.86 thousand shares from the insider’s fortune and the stock saw a -8.63 percent retreat in value since the news became public. This transaction left 39.85 thousand shares in the Pres. Bldg Solutions, North Am account.
On 01/04/2018, VP & Pres Bldg Sol EMEA LatAm Williams Jeffrey M performed a sale transaction worth $1.11 million. This sale at $40 each has eliminated 27.73 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -13.48 percent decrease since the transaction was reported. The insider now is left with 201.96 thousand shares remaining in the account. Oliver George, who performs the Chairman & CEO job, bought 27.3 thousand shares for $1 million. The acquisition occurred on 11/24/2017 was priced at $36.8 per share. The share price plunged -5.95 percent since the reporting date. Oliver George now left with a stake of 634.73 thousand JCI stock worth $21.97 million after the insider buying.
The stock is currently hovering around the first support level of $34.33. Below this, the next support is placed in the zone of $34.06. Till the time, the JCI stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 65.89 on daily chart, which may remain a cause for concern. If the price breaks below $34.06 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $34.81 mark may result into a pull-back move towards $35.02 level.
Shares of Johnson Controls International plc (JCI) are trading at a P/E ratio of 16.32 times earnings reported for the past 12 months. The industry JCI operates in has an average P/E of 21.6. Its P/E ratio went as low as 14.37X and as high as 37.97 over the 5-year span.Further, it is sporting a 1.08 on the Price-to-Sales ratio. Compare this with the industry average P/S of 4.15. 30.4 percent is the gross profit margin for Johnson Controls International plc and operating margin sits at 10.3 percent. Along with this, the net profit margin is 7.8 percent.