Tyco International Receives Neutral Rating from Zacks (TYC)
Tyco International (NYSE:TYC)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued on Thursday, AR Network reports. They currently have a $38.00 price target on the stock. Zacks‘ target price would suggest a potential upside of 4.91% from the stock’s previous close.
Zacks‘ analyst wrote, “Tyco reported modest third quarter fiscal 2013 results as both revenue and adjusted earnings increased year over year. Tyco, post the spin off of its ADT and Flow Control divisions, has now become a pure Fire & Security company. Given, Tyco’s broad portfolio of products and market-leading position, the company continues to strengthen its competitive capabilities and grow through acquisitions. However unfavorable foreign currency translation, pending lawsuits, and high operating expense remain concerns for the company. We maintain our long-term Neutral recommendation for Tyco as we anticipate it to perform in line with the broader market. “
Shares of Tyco International (NYSE:TYC) traded up 0.14% on Thursday, hitting $36.27. 585,474 shares of the company’s stock traded hands. Tyco International has a 1-year low of $26.17 and a 1-year high of $57.36. The stock’s 50-day moving average is $34.30 and its 200-day moving average is $33.25. The company’s market cap is $16.767 billion.
Tyco International (NYSE:TYC) last issued its quarterly earnings data on Friday, July 26th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.02. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the company posted $1.01 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Analysts expect that Tyco International will post $1.84 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, November 14th. Investors of record on Friday, October 25th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.77%.
A number of other analysts have also recently weighed in on TYC. Analysts at Sanford C. Bernstein reiterated a “buy” rating on shares of Tyco International in a research note to investors on Tuesday, August 27th. They now have a $44.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of Tyco International from $38.00 to $40.00 in a research note to investors on Tuesday, August 27th. They now have a “buy” rating on the stock. Finally, analysts at Barclays upgraded shares of Tyco International to a “best ideas list” rating in a research note to investors on Monday, August 19th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $35.45.
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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