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Monday, November 30, 2020

Johnson Controls International plc (NYSE:JCI) on the Path to Ruin

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Johnson Controls International plc (JCI) shares are trading at lower $40.11 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $44.53.

To add more color to this target, the company’s high over the last year is $44.82 and the low is $22.77. Over the last 52 weeks, JCI is down -10.51% while the S&P 500 is up 0.31%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, JCI reported a profit of $1.83 billion. Johnson Controls International plc also saw revenues increase to $5.34 billion. In addition, JCI has free cash flow of $1.15 billion as of 06-2020. The company’s EBITDA came in at $90.0 million which compares well with its peers.

JCI booked profit margins of 3.50%, its Return on Equity (ROE) is 4.30%, and its Return on Assets is 1.90%. All told, it is clear that, JCI needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. JCI has a short ratio of 2.13 and outstanding shares of 744.00M.

Company Outlook

JCI has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 1.02. Johnson Controls International plc JCI also noted assets of $41.28 billion at the end of the last quarter. Investors should also keep an eye on sector updates as JCI has historically followed its peers on positive news.

All told, Johnson Controls International plc JCI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, JCI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Johnson Controls International plc JCI is now commanding a market cap of 29.69B and a float of 742.49M. JCI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of JCI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in JCI, either long or short, and we have not been compensated for this article.

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