Tyco International Receives Neutral Rating from Zacks (TYC)
Tyco International (NYSE:TYC)‘s stock had its “neutral” rating restated by Zacks in a research report issued on Wednesday, AnalystRatingsNetwork reports. They currently have a $42.00 price target on the stock. Zacks‘ target price would suggest a potential upside of 5.18% from the company’s current price.
Zacks‘ analyst wrote, “Tyco reported strong first quarter fiscal 2014 results as both revenue and earnings increased year over year with solid performances across all three segments. 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, it continues to strengthen its competitive capabilities and grow through acquisitions. The company believes that its strong balance sheet provides flexibility to continuously fund organic and inorganic growth initiatives and maximize return for its shareholders. 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. “
Other equities research analysts have also recently issued reports about the stock. Analysts at Imperial Capital raised their price target on shares of Tyco International from $37.00 to $45.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Imperium Capital raised their price target on shares of Tyco International from $37.00 to $45.00 in a research note to investors on Monday. Finally, analysts at Citigroup Inc. upgraded shares of Tyco International from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Tyco International presently has an average rating of “Buy” and an average target price of $42.22.
Tyco International (NYSE:TYC) traded up 0.75% during mid-day trading on Wednesday, hitting $40.23. The stock had a trading volume of 2,295,474 shares. Tyco International has a 1-year low of $30.13 and a 1-year high of $42.08. The stock’s 50-day moving average is $40.38 and its 200-day moving average is $36.7. The company has a market cap of $18.667 billion and a price-to-earnings ratio of 29.36.
Tyco International (NYSE:TYC) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. Analysts expect that Tyco International will post $2.15 EPS for the current fiscal year.
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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