The stock of Johnson Controls International plc (NYSE:JCI) last traded at $76.32, down -0.97% from the previous session.
JCI stock price is now 2.72% away from the 50-day moving average and 13.85% away from the 200-day moving average. The market capitalization of the company currently stands at $50.98B.
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With the price target enhanced from $76 to $80, BofA Securities Upgraded its rating from Neutral to Buy for Johnson Controls International plc (NYSE: JCI). On September 06, 2024, Morgan Stanley recently initiated its ‘Overweight’ rating on the stock quoting a target price of $85, while ‘RBC Capital Mkts’ rates the stock as ‘Sector Perform’
In other news, Vandiepenbeeck Marc, EVP and CFO sold 186 shares of the company’s stock on Oct 21 ’24. The stock was sold for $14,409 at an average price of $77.47. Upon completion of the transaction, the EVP and CFO now directly owns 83,330 shares in the company, valued at $6.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 15 ’24, Chairman & CEO Oliver George sold 110,615 shares of the business’s stock. A total of $8,493,742 was realized by selling the stock at an average price of $76.79. This leaves the insider owning 1,243,751 shares of the company worth $94.92 million. A total of 0.37% of the company’s stock is owned by insiders.
During the past 12 months, Johnson Controls International plc has had a low of $48.13 and a high of $78.23. As of last week, the company has a debt-to-equity ratio of 0.73, a current ratio of 0.94, and a quick ratio of 0.71. According to the stock market information, the enterprise value for the company is $62921793536, which is based on a 31.90 price-to-earnings ratio, a 3.45 price-to-earnings-growth ratio, and a beta of 1.30. The fifty day moving average price for JCI is $74.2992 and a two-hundred day moving average price translates $67.03645 for the stock.
The latest earnings results from Johnson Controls International plc (NYSE: JCI) was released for 2024-06-30. The net profit margin was 6.02% and return on equity was 10.04% for JCI. The company reported revenue of $7.23 billion for the quarter, compared to $7.13 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.37 percent.
