Last Updated: 14 Sep 2024
Executive Summary
Johnson Controls International PLC (JCI) is a leading global provider of fire, HVAC, and security equipment for buildings. The company has a strong financial position with a market capitalization of $48.46 billion and an EBITDA of $3.814 billion. JCI's stock is currently trading at $72.55, which is below its 52-week high of $75.36 but above its 52-week low of $47.04. The company has a trailing PE ratio of 30.48 and a forward PE ratio of 18.83. Analysts have a consensus rating of "Hold" on JCI, with a target price of $76.46.
Company Overview
Johnson Controls International PLC is an Irish-domiciled multinational conglomerate headquartered in Cork, Ireland. The company was founded in 1885 and is one of the world's largest manufacturers of fire, HVAC, and security equipment for buildings. JCI's products are used in a wide range of applications, including commercial buildings, residential buildings, and industrial facilities. The company has a global presence with operations in over 150 countries.
Fundamental Analysis
JCI's financial performance has been strong in recent years. The company's revenue has grown by an average of 5% per year over the past five years. In fiscal 2023, JCI reported revenue of $26.93 billion and net income of $2.38 billion. The company's gross profit margin is 33.3%, and its operating margin is 13.6%. JCI's return on assets is 4.21%, and its return on equity is 10.4%.
JCI's balance sheet is also strong. The company has $11.7 billion in cash and equivalents and $16.9 billion in total debt. JCI's debt-to-equity ratio is 0.63, which is below the industry average.
Technical Analysis
JCI's stock price has been trending sideways in recent months. The stock is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is 45.55, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
JCI's stock price is likely to remain range-bound in the short term. The company's fundamentals are strong, but the stock is trading at a premium to its peers. Investors should wait for a pullback before buying JCI stock.
Long Term Outlook
JCI's long-term outlook is positive. The company is a leader in the fire, HVAC, and security equipment industry. The company's products are in high demand, and the company has a strong global presence. Investors should consider buying JCI stock for the long term.
Analyst Recommendations
Analysts have a consensus rating of "Hold" on JCI, with a target price of $76.46. Three analysts rate JCI as a "Strong Buy," six analysts rate the stock as a "Buy," 14 analysts rate the stock as a "Hold," and zero analysts rate the stock as a "Sell" or "Strong Sell."
