Home Analyst Ratings Johnson Controls Intl Stock Gets a Downgrade from HSBC. It's Now...

Johnson Controls Intl [JCI] Stock Gets a Downgrade from HSBC. It’s Now Hold

HSBC took its Johnson Controls Intl [JCI] rating to the equivalent of Hold from Buy, and the price target to $52.0, in a research note dated 2021-01-11. That figure represents around a 1.36% premium from where the company’s shares closed on Friday. Other analysts also revised their coverage, with Citigroup’s analysts downgrading the shares from “a Buy” rating to “a Neutral” rating in a research note to investors issued in mid December. Meanwhile, Atlantic Equities had raised its rating on JCI to “an Overweight” from the earlier “Neutral”, in a research note produced for clients December 09, 2020. In addition, there was an upgrade from Oppenheimer on October 21, 2020. The rater changed JCI from “a Perform” to “an Outperform”.

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Is Johnson Controls International plc [NYSE:JCI] a Good Buy Right Now?

It should be noted that JCI technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 88% Buy in the past month. Data from Johnson Controls International plc’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 4.51 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 5.32 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 4.87 million shares.

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JCI Price Performance

On Wall Street, Johnson Controls International plc [NYSE:JCI] finished Friday’s session up 0.23% at $51.30. The stock went up to $51.57 at the same session while its lowest single day price was $50.56. In the last five days, it saw a rise of about 10.11%, Johnson Controls International plc shares gained by almost 10.11% since the beginning of the year. However, the share price has dropped to as low as -0.17% below its one year high. On 01/08/21, the company shares recorded $51.57, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $45.90. The company’s shares have inclined by 24.12% in the past year. The 50-day SMA achieved is $45.54 while the 200-day SMA is $38.20. Volume gained to 5.1 million from 5.07 million in the previous session.

Johnson Controls International plc [JCI] Valuation Measures

Notably, Johnson Controls International plc [JCI] stock cannot be classified as a good candidate in the listing of underestimated low-priced Engineering & Construction companies to purchase soonest possible with the prevailing 12-month PE ratio of 61.07. The measure means the stock is exchanging at a premium as compared to the 14.42x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 1.66 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 0.69 which means JCI serve an unattractive investment opportunity compared to its competitors.

JCI Stock Support And Resistance Levels

On the 24-hour scale, the immediate backing is perceived around 50.72 level, and in case of violation of this particular level, it will cause more drop to 50.13 level. On the upper level, 52.15 is still the key resistance. The stock may increase to the subsequent resistance at 51.73. The Relative Strength Index (RSI) pinned on the 14-day chart is 79.19, implying a overbought technical stance while the MACD stands at 3.56, meaning price will increase in the next trading period. Percent R indicator moved to 4.34%, implying bullish price movement. Stochastic %K at 93.96% suggest selling the stock.

What is the short interest in Johnson Controls International plc?

Short interest in the Johnson Controls International plc stock has surged, increasing by 1.4 million shares to total 6.72 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 8.12 million, data from Yahoo Finance shows. The decrease of -20.83% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 1.02% of the overall float for the stock.

Johnson Controls International plc’s Biggest Shareholders: Who Owns Johnson Controls International plc [JCI]?

Filings by Dodge & Cox showed that the firm now holds a total of 88,580,977 shares or roughly 12.24% of the outstanding JCI shares. This means their shares have reduced by -3,952,015 from the 88,580,977 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $2,663,768,002. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off their -0.46% stake valued at $1,665,871,858 while SSgA Funds Management, Inc. added theirs at $1,551,132,581. During the last quarter, BlackRock Fund Advisors liquidated -168,229 of its shares in Johnson Controls International plc while SSgA Funds Management, Inc. bought 231,623 shares. The Massachusetts Financial Services’s holdings currently number 23,988,981 shares at $1230634725.3. According to the firm’s last 13F report, Capital Research & Management Co shares in the company at filing stood at 19,499,291 shares, roughly $897,747,358.

JCI Earnings Forecast For The Current Quarter

Johnson Controls International plc [JCI] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $5.27B and an earnings per share of $0.4 for Dec 2020. Looking further ahead, the company is expected to report revenue of $5.55B at an EPS of $0.48 for Mar 2021. The estimates represent downside of 4.30% and 13.87% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.

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JCI Earnings Estimates For The Current Year

For the financial year, Johnson Controls International plc [NYSE:JCI] is expected to bring in revenue of $22.99B. The returns are nearly $670.0 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 2.5, higher than that of FY20 by $0.26. Estimates put this year’s earnings growth at 11.60%, 14.00% for the next, and at an annual 11.67% over the next 5-year period. As for sales, forecasts are for an increase of 3.00% in the current fiscal year and a further 4.30% over the following year.

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