Tyco International Reaches New 1-Year High at $44.26 (TYC)
Tyco International (NYSE:TYC) shares hit a new 52-week high during mid-day trading on Wednesday , Stock Ratings Network reports. The company traded as high as $44.26 and last traded at $43.81, with a volume of 1,453,880 shares changing hands. The stock had previously closed at $43.65.
A number of analysts have recently weighed in on TYC shares. Analysts at TheStreet upgraded shares of Tyco International from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Tyco International in a research note on Monday, April 28th. They now have a $43.00 price target on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Tyco International in a research note on Friday, April 25th. They now have a $47.00 price target on the stock. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $44.17.
The stock has a 50-day moving average of $41.83 and a 200-day moving average of $40.85. The company has a market cap of $20.262 billion and a price-to-earnings ratio of 26.26.
Tyco International (NYSE:TYC) last released its earnings data on Friday, April 25th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.04. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, analysts predict that Tyco International will post $1.98 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, August 20th. Shareholders of record on Friday, July 25th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.65%.
Tyco International Ltd. (NYSE:TYC) is a diversified company, which provides security products and services, fire protection and detection products and services, valves and controls, and other industrial products.
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