Tyco International Given a $51.00 Price Target at Barclays (TYC)
Stock analysts at Barclays set a $51.00 price objective on shares of Tyco International (NYSE:TYC) stock in a report issued on Monday. Barclays’ price target would indicate a potential upside of 12.81% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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, June 27th. 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, June 27th. 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. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $45.62.
Shares of Tyco International (NYSE:TYC) traded up 0.02% during mid-day trading on Monday, hitting $45.22. The stock had a trading volume of 1,003,467 shares. Tyco International has a 52-week low of $32.84 and a 52-week high of $46.64. The stock has a 50-day moving average of $45.33 and a 200-day moving average of $42.78. The company has a market cap of $20.056 billion and a price-to-earnings ratio of 10.13.
Tyco International (NYSE:TYC) last posted its quarterly earnings results on Friday, July 25th. The company reported $0.54 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.54. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter last year, the company posted $0.50 earnings per share. Tyco International’s revenue was up 3.4% 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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