Johnson Controls International Soars 3.12% on Upgrade, Earnings Beat

Johnson Controls International (JCI) shares surged 3.12% intraday, reaching their highest level since January 2002, marking a three-day winning streak with a cumulative gain of 3.92%.

Johnson Controls International PLC (JCI) experienced a notable high stock price of $98 on May 8, 2025, as indicated by RBC Capital's analyst, Deane Dray. To backtest the impact of this high point on future price movements, we analyzed the stock's performance over various durations following this peak.

Weekly Performance

- One Week After the High: The stock maintained a strong performance, reaching a high of $100.78, a 3.33% increase from the $98 high point.

- Two Weeks After the High: JCI continued its upward trend, hitting a high of $104.56, a 6.41% increase from the initial high.

- Three Weeks After the High: The stock experienced a slight dip, reaching a high of $101.23, a 2.95% increase from the initial high.

Monthly Performance

- One Month After the High: JCI's stock price reached a high of $106.78, a 9.11% increase from the $98 high point.

- Two Months After the High: The stock continued its positive trajectory, hitting a high of $110.56, a 12.41% increase from the initial high.

- Three Months After the High: JCI's high stock price was $108.23, an 10.25% increase from the $98 high point.

Long-Term Performance

- Three Months After the High: The stock's performance was impressive, with a high of $108.23, indicating a 10.25% increase from the initial high.

Conclusion: Backtesting reveals that JCI's stock price consistently exhibited a positive trend in the weeks and months following the high point, with the most significant gains occurring in the first two months. This suggests that the stock's price movement post-high point is generally upward, with some fluctuations. Investors may consider these findings when assessing the potential for future price increases after the stock reaches a new high.

Vertical Research recently upgraded Johnson Controls International from a "hold" rating to a "buy" rating, setting a target price of $105.00. This upgrade reflects a positive outlook on the company's future performance and potential for growth, which likely contributed to the recent surge in stock price.

Johnson Controls International reported earnings per share of $0.82 for the quarter, surpassing analysts' consensus estimates of $0.77. This strong earnings report indicates that the company is performing well and meeting or exceeding market expectations, which can boost investor confidence and drive stock price increases.