FBR Capital Markets Increases Tyco International Price Target to $44.00 (TYC)
Research analysts at FBR Capital Markets upped their price target on shares of Tyco International (NYSE:TYC) from $40.00 to $44.00 in a report released on Tuesday, American Banking & Market News reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price objective suggests a potential upside of 4.94% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Tyco International in a research note on Wednesday, February 5th. They now have a $42.00 price target on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Tyco International from $37.00 to $45.00 in a research note on Monday, February 3rd. They now have an “outperform” rating on the stock. Finally, analysts at Imperium Capital raised their price target on shares of Tyco International from $37.00 to $45.00 in a research note on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $42.40.
Tyco International (NYSE:TYC) opened at 41.93 on Tuesday. Tyco International has a 52-week low of $30.62 and a 52-week high of $42.20. The stock’s 50-day moving average is $40.77 and its 200-day moving average is $37.13. The company has a market cap of $19.301 billion and a P/E ratio of 30.69.
Tyco International (NYSE:TYC) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue 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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