Tyco International Receives Average Recommendation of “Buy” from Brokerages (NYSE:TYC)
Tyco International (NYSE:TYC) has earned an average rating of “Buy” from the fifteen brokerages that are currently covering the company, Analyst Ratings Network reports. Four analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $45.00.
TYC has been the subject of a number of recent research reports. Analysts at ISI Group raised their price target on shares of Tyco International from $47.00 to $51.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Imperial Capital initiated coverage on shares of Tyco International in a research note on Friday. They set an “outperform” rating and a $51.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of Tyco International from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th.
Tyco International (NYSE:TYC) traded up 0.55% during mid-day trading on Friday, hitting $45.88. The stock had a trading volume of 696,500 shares. Tyco International has a one year low of $32.52 and a one year high of $46.64. The stock has a 50-day moving average of $44.05 and a 200-day moving average of $41.95. The company has a market cap of $21.163 billion and a price-to-earnings ratio of 27.45.
Tyco International (NYSE:TYC) last posted its quarterly earnings results on Friday, April 25th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.42 earnings per share. Tyco International’s revenue was up .5% compared to the same quarter last year. Analysts expect that Tyco International will post $1.98 EPS for the current fiscal year.
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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