Stocks of Johnson Controls International plc (NYSE:JCI) traded higher last session on Wall Street, up 3.17% to $72.86.
JCI stock price is now 12.70% away from the 50-day moving average and 26.46% away from the 200-day moving average. The market capitalization of the company currently stands at $49.08B.
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With the price target reduced from $74 to $68, UBS Downgraded its rating from Buy to Neutral for Johnson Controls International plc (NYSE: JCI). On February 23, 2024, Mizuho Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $62, while ‘Argus’ rates the stock as ‘Hold’
In other news, Vandiepenbeeck Marc, EVP and CFO sold 186 shares of the company’s stock on May 20 ’24. The stock was sold for $13,392 at an average price of $72.00. Upon completion of the transaction, the EVP and CFO now directly owns 44,183 shares in the company, valued at $3.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 10 ’24, VP Chief Accounting & Tax Ofcr MCCONEGHY DANIEL C sold 9,342 shares of the business’s stock. A total of $611,901 was realized by selling the stock at an average price of $65.50. This leaves the insider owning 25,378 shares of the company worth $1.85 million. A total of 0.36% of the company’s stock is owned by insiders.
During the past 12 months, Johnson Controls International plc has had a low of $47.90 and a high of $72.99. As of last week, the company has a debt-to-equity ratio of 0.77, a current ratio of 0.86, and a quick ratio of 0.64. According to the stock market information, the enterprise value for the company is $61503000576, which is based on a 29.47 price-to-earnings ratio, a 2.56 price-to-earnings-growth ratio, and a beta of 1.30. The fifty day moving average price for JCI is $64.8838 and a two-hundred day moving average price translates $57.6659 for the stock.
The latest earnings results from Johnson Controls International plc (NYSE: JCI) was released for 2024-03-31. 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 $0.25 EPS in the same period last year. The net profit margin was 6.32% and return on equity was 10.75% for JCI. The company reported revenue of $6.7 billion for the quarter, compared to $6.69 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.19 percent. For the current quarter, analysts expect JCI to generate $7.35B in revenue.
