Tyco International Ltd Coverage Initiated by Analysts at Imperial Capital. (TYC)
Research analysts at Imperial Capital assumed coverage on shares of Tyco International Ltd (NYSE: TYC) in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm set an “in-line” rating and a $32.00 price target on the stock.
Tyco International Ltd (NYSE: TYC) traded up 0.76% on Wednesday, hitting $31.115. Tyco International Ltd has a 52-week low of $30.81 and a 52-week high of $31.87. The stock’s 50-day moving average is currently $31.3. The company has a market cap of $14.500 billion and a price-to-earnings ratio of 45.75.
Tyco International Ltd (NYSE: TYC) last issued its quarterly earnings data on Tuesday, January 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Tyco International Ltd has set its FY13 guidance at $1.75-1.85 EPS and its Q2 guidance at $0.37-0.39 EPS. On average, analysts predict that Tyco International Ltd will post $1.83 earnings per share for the current fiscal year.
TYC has been the subject of a number of other recent research reports. Analysts at Zacks reiterated an “outperform” rating on shares of Tyco International Ltd in a research note to investors on Tuesday, February 5th. They now have a $36.00 price target on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Tyco International Ltd from $32.00 to $34.00 in a research note to investors on Wednesday, January 30th. They now have an “overweight” rating on the stock. Finally, analysts at TheStreet reiterated a “hold” rating on shares of Tyco International Ltd in a research note to investors on Wednesday, January 23rd.
Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $42.85.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, May 22nd. Investors of record on Friday, April 26th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.07%.
Tyco International Ltd is a Switzerland-based holding company of Tyco Group. The Tyco Group (NYSE: TYC) is a diversifies, global provider of diversified products ranging from electronic security and alarm monitoring to fire-fighting equipment and breathing apparatus, water purification and flow control solutions.
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