Stock Rating Upgrade
Of late the Value Trend Rating for Johnson Controls International P (NYSE: JCI) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Johnson Controls International P (NYSE: JCI) stock closed at $69.43 on 6/14/24 after a modest decline of -1.7%. This decline was accompanied by normal trading volume. Relative to the market the stock has been exceptionally strong over the last nine months but is unchanged 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 B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Johnson Controls has a slightly negative Appreciation Score of 32 but a very high Power Rating of 91, with the Positive Value Trend Rating the result.
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