Tyco International Ltd. (JCI) Given Outperform Rating at Robert W. Baird
Tyco International Ltd. (NYSE:JCI)‘s stock had its “outperform” rating reissued by analysts at Robert W. Baird in a research note issued on Tuesday. They presently have a $53.00 price objective on the stock. Robert W. Baird’s price objective indicates a potential upside of 21.17% from the company’s current price.
Several other research firms have also recently weighed in on JCI. Wells Fargo & Co. reissued a “market perform” rating on shares of Tyco International in a research report on Wednesday, October 12th. Cowen and Company initiated coverage on Tyco International in a research report on Wednesday, September 28th. They issued an “outperform” rating for the company. Zacks Investment Research cut Tyco International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 20th. Morgan Stanley set a $55.00 price objective on Tyco International and gave the company a “buy” rating in a research report on Saturday, September 17th. Finally, Sanford C. Bernstein initiated coverage on Tyco International in a research report on Friday, September 16th. They issued an “outperform” rating and a $57.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $50.11.
Tyco International (NYSE:JCI) traded up 0.69% during trading on Tuesday, hitting $44.04. 6,460,619 shares of the stock traded hands. The company has a 50-day moving average price of $45.68 and a 200 day moving average price of $45.64. The stock has a market cap of $28.09 billion, a PE ratio of 43.73 and a beta of 1.19. Tyco International has a one year low of $31.73 and a one year high of $50.65.
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Tyco International (NYSE:JCI) last announced its quarterly earnings results on Thursday, July 21st. The company reported $1.07 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 company had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter last year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. Analysts expect 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 Tyco International stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $44.95, for a total value of $4,412,561.70. Following the completion of the sale, the vice president now directly owns 100,766 shares in the company, valued at $4,529,431.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in JCI. Oakworth Capital Inc. raised its stake in shares of Tyco International by 159.6% in the second quarter. Oakworth Capital Inc. now owns 2,440 shares of the company’s stock worth $108,000 after buying an additional 1,500 shares during the last quarter. Pinkerton Retirement Specialists LLC raised 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 worth $114,000 after buying an additional 2,518 shares during the last quarter. Signaturefd LLC raised 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 worth $115,000 after buying an additional 313 shares during the last quarter. Chicago Partners Investment Group LLC raised 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 worth $121,000 after buying an additional 20 shares during the last quarter. Finally, Cribstone Capital Management LLC purchased a new stake in shares of Tyco International during the second quarter worth approximately $134,000. Hedge funds and other institutional investors own 63.02% of the company’s stock.
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.
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