Tyco International Ltd. (JCI) Given Market Perform Rating at Wells Fargo & Co.
Tyco International Ltd. (NYSE:JCI)‘s stock had its “market perform” rating restated by equities researchers at Wells Fargo & Co. in a report released on Wednesday.
Several other equities analysts also recently commented on the stock. RBC Capital Markets started coverage on shares of Tyco International in a research note on Tuesday, September 6th. They issued a “sector perform” rating and a $50.00 price objective for the company. Zacks Investment Research downgraded shares of Tyco International from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Vetr raised shares of Tyco International from a “buy” rating to a “strong-buy” rating and set a $51.67 price objective for the company in a research note on Monday, September 12th. TheStreet raised shares of Tyco International from a “hold” rating to a “buy” rating in a research note on Thursday, July 21st. Finally, Macquarie raised shares of Tyco International from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $43.00 to $55.00 in a research note on Thursday, September 8th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Tyco International has a consensus rating of “Buy” and a consensus price target of $50.73.
Shares of Tyco International (NYSE:JCI) traded down 0.11% during trading on Wednesday, hitting $44.19. 3,606,127 shares of the stock were exchanged. The firm’s 50 day moving average price is $46.22 and its 200-day moving average price is $45.52. Tyco International has a 52 week low of $31.73 and a 52 week high of $50.65. The stock has a market cap of $28.18 billion, a P/E ratio of 43.88 and a beta of 1.19.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/12/tyco-international-ltd-jci-given-market-perform-rating-at-wells-fargo-co.html
Tyco International (NYSE:JCI) last issued its quarterly earnings data on Thursday, July 21st. The company reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.04. The business earned $9.50 billion during the quarter, compared to the consensus estimate of $9.62 billion. Tyco International had a net margin of 5.45% and a return on equity of 20.59%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 EPS. On average, analysts predict that Tyco International will post $3.52 EPS for the current year.
In other Tyco International news, VP R Bruce Mcdonald sold 98,166 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $44.95, for a total value of $4,412,561.70. Following the transaction, the vice president now directly owns 100,766 shares of the company’s stock, valued at $4,529,431.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in JCI. Renaissance Technologies LLC raised its position in Tyco International by 10.5% in the first quarter. Renaissance Technologies LLC now owns 1,010,000 shares of the company’s stock worth $39,360,000 after buying an additional 96,200 shares during the period. Southpoint Capital Advisors LP acquired a new position in Tyco International during the first quarter worth $175,365,000. Retirement Systems of Alabama raised its position in Tyco International by 0.3% in the second quarter. Retirement Systems of Alabama now owns 330,547 shares of the company’s stock worth $14,630,000 after buying an additional 1,144 shares during the period. Compass Capital Management Inc. raised its position in Tyco International by 5.0% in the second quarter. Compass Capital Management Inc. now owns 464,819 shares of the company’s stock worth $20,573,000 after buying an additional 22,209 shares during the period. Finally, Creative Planning raised its position in Tyco International by 8.2% in the second quarter. Creative Planning now owns 28,320 shares of the company’s stock worth $1,253,000 after buying an additional 2,149 shares during the period. 62.86% of the stock is currently owned by hedge funds and other institutional investors.
About Tyco International
Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.
Receive News & Ratings for Tyco International Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyco International Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.