Tyco International Hits New 1-Year High at $42.91 (TYC)
Tyco International (NYSE:TYC)’s share price hit a new 52-week high during mid-day trading on Monday , AmericanBankingNews.com reports. The company traded as high as $42.91 and last traded at $42.71, with a volume of 2,053,861 shares traded. The stock had previously closed at $42.29.
Several analysts have recently commented on the stock. Analysts at FBR Capital Markets raised their price target on shares of Tyco International from $40.00 to $44.00 in a research note on Tuesday, February 18th. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $42.40.
The stock has a 50-day moving average of $40.97 and a 200-day moving average of $37.37. The company has a market cap of $19.586 billion and a P/E ratio of 31.10.
Tyco International (NYSE:TYC) last issued its quarterly earnings data 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. On average, analysts predict that Tyco International will post $2.15 earnings per share 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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