You should consider shares of National Oilwell Varco Inc. (NYSE:NOV) and Johnson Controls International plc (NYSE:JCI) if you are looking for a great stocks to invest in. Starting with the NOV shares, which traded at $22.11 at the close of the recent session, dropping -4.08%. On Tuesday, the company’s shares shed -$0.94 from its value which represented in intraday trading. The stock is now -31.14% lower in year-to-date (YTD) trading. NOV’s intraday high was $22.63 while its lowest price touched $22.03. The stock’s 52-week high price is $33.37, which means the current price is at -33.74%. In terms of trading activity, the daily trading volume rose to 5253339 against 200-day average trading volume of 4,187,746 shares.
What are analyst forecasts for National Oilwell Varco Inc. (NYSE:NOV)?
At a consensus rating of 3.50, NOV is trending as a streaking Moderate Buy, as it has been the case a month ago when 17 analysts called it a Moderate Buy. Two months ago, 21 analysts recommended, on average, that NOV stock is a Moderate Buy. The Basic Materials company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $22.53 on the day.
Forecasts for National Oilwell Varco Inc. (NYSE:NOV) give the stock a fair value for the growth of 13.29% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $25.50, which means the price per share could rise by nearly $3.39. The price range target is between a low of $20.00 and a high of $33.00. The stock would need to gain by about $33.0 to hit the estimated high or 0.82% from its 12-month low.
The consensus among 29 analysts is that it is a good time for one to Overweight in the National Oilwell Varco Inc. 12 analysts rate NOV as a Buy, with 3 of 29 analysts rate it as a Sell. 2 have valued the stock as Overweight and 11 have recommended that investors Hold.
National Oilwell Varco Inc. (NYSE:NOV) Upgrades and Downgrades
In terms of rating changes, Cowen on November 05, 2019, Reiterated National Oilwell Varco Inc. (NOV) at Market Perform. They believe the stock could reach $26 in the near term. Analysts at Goldman have assigned a Buy rating for the stock in their research note on October 30, 2019 with an estimated price target of $33. Moreover, Jefferies analysts issued a rating of Buy for the stock on September 05, 2019, giving it a price target of $25 for the next 12 months. On August 29, 2019, the stock earned a Buy rating due to an analyst call from Johnson Rice, while analysts from Susquehanna on August 12, 2019 suggested that the stock is Positive.
Johnson Controls International plc (NYSE:JCI) adds -$0.48 on Tuesday
The JCI stock has risen 40.94% year-to-date and is currently trading at $41.79, which is -6.76% below its 52-week high. The company shares lost -1.14% on the day and have risen nearly 47.69% off a low hit. At current levels, Johnson Controls International plc has a valuation of about $23.97B. As of 12/03/19, this stock has fallen -1.95% during the week and closed at $42.27 in the previous session. However, recent Johnson Controls International plc stock performance shows that JCI shares are -4.63% down over the last month, and -1.44% down for the last three months.
Earnings per share (EPS) estimates for the current quarter are $0.24, with the trailing 12-month share earnings at $1.32. The ratio is expected to be up by 30.10% for the current year 2019 and 12.50% for next year. Over the next 5-year period, earnings per share will be 23.70%. But will the JCI stock surprise in the current quarter results, where the $0.78 actual EPS reported on 9/29/2019 surprised by 2.60% or was higher by $0.02 from the estimated $0.76.
Sales Growth to climb 3.10% for the year
How well will Johnson Controls International plc perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $5.43B and $5.66B in current quarter sales. The consensus estimated for the current quarter is $5.58B from sales. Forecasts for this fiscal year are between $24.45B and $24.71B and the consensus estimate for sales is at $24.57B.
Who owns shares in Johnson Controls International plc (JCI)?
Let’s briefly focus on the share ownership of the Johnson Controls International plc (NYSE:JCI) stock, where we find that 92.32% of shares are held by institutions. Dodge & Cox Inc tops the list of institutional owners as it is holding 95.59 million shares or 12.39% of shares outstanding. Vanguard Group, Inc. (The) and Blackrock Inc. held 63.33 million and 53.39 million representing 8.21% and 6.92% respectively at the close of the last trading session. As of Sep 29, 2019, State Street Corporation accounted for 33.52 million shares at over 1.47 billion. This represented 4.35% of shares outstanding. Massachusetts Financial Services Co. held 32.63 million shares at over 1.43 billion representing 4.23% of shares outstanding.
JCI Insider Activity
Insider activity can also give a signal in terms of price direction. Looking at Johnson Controls International plc (JCI), a total of 297917 shares have been sold by insiders over the last 6 months while 344377 shares were added in the same time span. On 3/06/2019, Director by the name Vergnano Mark P sold 2040.0 shares worth $7.2 million at the price of $3,516.00 per share. Filings also show that Stief Brian J sold a total of 98763.0 shares on 5/07/2019 valued at $3.9 million. Since the last insider activity, the company’s share price has climbed 6.47%.