Wells Fargo & Co. Reaffirms Market Perform Rating for Tyco International Ltd. (JCI)
Tyco International Ltd. (NYSE:JCI)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Wells Fargo & Co. in a report issued on Wednesday.
JCI has been the topic of several other reports. Atlantic Securities restated an “overweight” rating on shares of Tyco International in a research note on Friday, September 9th. Vetr upgraded Tyco International from a “buy” rating to a “strong-buy” rating and set a $51.67 price target on the stock in a research note on Monday, September 12th. Sanford C. Bernstein initiated coverage on Tyco International in a research note on Friday, September 16th. They set an “outperform” rating and a $57.00 price target on the stock. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $52.00 price target (up from $51.00) on shares of Tyco International in a research note on Wednesday, September 7th. Finally, Cowen and Company initiated coverage on Tyco International in a research note on Wednesday, September 28th. They set an “outperform” rating on the stock. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $50.73.
Tyco International (NYSE:JCI) traded down 0.11% during mid-day trading on Wednesday, reaching $44.19. The company had a trading volume of 3,606,127 shares. The company’s 50 day moving average is $46.22 and its 200 day moving average 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 capitalization of $28.18 billion, a price-to-earnings 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 https://www.americanbankingnews.com/2016/10/12/wells-fargo-co-reaffirms-market-perform-rating-for-tyco-international-ltd-jci.html
Tyco International (NYSE:JCI) last issued its quarterly earnings results on Thursday, July 21st. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.04. Tyco International had a return on equity of 20.59% and a net margin of 5.45%. The firm had revenue of $9.50 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same period in the previous year, the company posted $0.91 earnings per share. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. Equities analysts predict that Tyco International will post $3.52 earnings per share for the current year.
In related news, VP R Bruce Mcdonald sold 98,166 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 100,766 shares in the company, valued at approximately $4,529,431.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Oakworth Capital Inc. boosted its position in Tyco International by 159.6% in the second quarter. Oakworth Capital Inc. now owns 2,440 shares of the company’s stock valued at $108,000 after buying an additional 1,500 shares during the period. Pinkerton Retirement Specialists LLC boosted its stake in shares of Tyco International by 5,138.8% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,567 shares of the company’s stock valued at $114,000 after buying an additional 2,518 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Tyco International by 13.7% in the second quarter. Signaturefd LLC now owns 2,601 shares of the company’s stock valued at $115,000 after buying an additional 313 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of Tyco International by 0.7% in the second quarter. Chicago Partners Investment Group LLC now owns 2,742 shares of the company’s stock valued at $121,000 after buying an additional 20 shares during the last quarter. Finally, Cribstone Capital Management LLC acquired a new stake in shares of Tyco International during the second quarter valued at approximately $134,000. Hedge funds and other institutional investors own 62.86% of the company’s stock.
Tyco International Company Profile
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.