Stock Rating Downgrade
The Value Trend Rating for Johnson Controls International P (NYSE: JCI) weakened in the last week from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 8/9/24, Johnson Controls International P (NYSE: JCI) stock declined slightly by -0.2%, closing at $67.65. However, unusually low trading volume at 60% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -3.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, JCI is expected to continue to be a major Value Builder.
Johnson Controls has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Johnson Controls has a poor Appreciation Score of 24 but a very high Power Rating of 88, with the Neutral Value Trend Rating the result.
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