Johnson Controls International plc (JCI) Monthly Report
Publication Date: September 22, 2024
Company Overview
Johnson Controls International plc (JCI), founded in 1885 and headquartered in Cork, Ireland, is a prominent player in the industrials sector. Specializing in engineering, manufacturing, and retrofitting building products and systems, JCI serves a diverse clientele across commercial, industrial, and governmental sectors. The company’s offerings include industry-leading solutions in heating, ventilation, air conditioning (HVAC), and integrated fire detection systems. With an unwavering commitment to energy efficiency and innovative smart building technologies, Johnson Controls is positioned at the forefront of the building products and equipment industry, showcasing total revenues of approximately $26.93 billion. Analysts are optimistic about JCI’s future, recommending a “buy” based on strong market fundamentals and projected growth, with a target high price set at $86.00.
Market Performance & Investor Sentiment
Currently trading at $74.10, JCI’s share price is close to its 52-week high of $75.36, indicating consistent upward momentum and strong investor demand. In contrast, the stock has rebounded impressively since its 52-week low of $47.90, highlighting its resilience in the market. With 668,014,016 shares outstanding and a minimal short interest of only 11,860,979 shares, the low short percent of float at 0.0199% signifies strong bullish sentiment among investors. The average recommendation among 19 analysts lends further credence to a positive outlook, with target prices ranging from a low of $60.00 to a mean of $76.59 and a median target price of $80.00.
Financial Analysis & Future Outlook
Johnson Controls’ robust financial health reflects its ability to capitalize on evolving market opportunities, despite the absence of specific EBITDA data. The company’s total revenue and strong analyst backing project a favorable path ahead, making it an attractive investment. The juxtaposition of the current share price against its fifty-day moving average of $69.90 reinforces the bullish sentiment. Investors are encouraged to consider JCI shares, as the favorable analyst evaluations combined with the company’s strong market position suggest significant potential for price appreciation in the coming months.
This condensed report aims to provide a comprehensive view of Johnson Controls, equipping investors with the necessary insights to understand its current market standing and future prospects.
| Metric | Value |
|---|---|
| Market Cap | $49.5b |
| Total Debt | $11.6b |
| Total Cash | $862.0m |
| Shares Outstanding | 668.0m |
| Float Shares | 665.1m |
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