Tyco International Ltd. (JCI) Receives New Coverage from Analysts at Sanford C. Bernstein
Sanford C. Bernstein assumed coverage on shares of Tyco International Ltd. (NYSE:JCI) in a research report report published on Friday morning. The firm issued an outperform rating and a $57.00 target price on the stock.
A number of other research analysts have also weighed in on JCI. Credit Suisse Group AG restated a buy rating on shares of Tyco International in a report on Saturday, July 9th. TheStreet downgraded Tyco International from a buy rating to a hold rating in a research report on Tuesday, September 6th. Vetr downgraded Tyco International from a buy rating to a hold rating and set a $44.50 price target for the company. in a research report on Monday, May 23rd. Robert W. Baird reaffirmed a buy rating on shares of Tyco International in a research report on Tuesday, June 28th. Finally, Atlantic Securities reaffirmed an overweight rating on shares of Tyco International in a research report on Friday, September 9th. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $51.43.
Tyco International (NYSE:JCI) traded up 0.123% during mid-day trading on Friday, hitting $44.605. The stock had a trading volume of 1,097,805 shares. The firm’s 50-day moving average is $48.59 and its 200 day moving average is $44.77. The company has a market cap of $28.45 billion, a price-to-earnings ratio of 44.295 and a beta of 1.11. Tyco International has a 12 month low of $31.73 and a 12 month high of $50.65.
Tyco International (NYSE:JCI) last posted its earnings results on Thursday, July 21st. The company reported $1.07 earnings per share for the quarter, beating the Zacks’ 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 analyst estimates of $9.62 billion. During the same quarter last year, the company earned $0.91 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. Equities analysts anticipate that Tyco International will post $2.08 EPS for the current fiscal year.
In related news, VP R Bruce Mcdonald sold 98,166 shares of Tyco International stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $44.95, for a total transaction of $4,412,561.70. Following the completion of the sale, the vice president now owns 100,766 shares of the company’s stock, valued at $4,529,431.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.63% of the company’s stock.
Large investors have recently bought and sold shares of the stock. 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 valued at $108,000 after buying an additional 1,500 shares during the period. 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 valued at $114,000 after buying an additional 2,518 shares during the period. 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 valued at $115,000 after buying an additional 313 shares during the period. 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 valued at $121,000 after buying an additional 20 shares during the period. Finally, Cribstone Capital Management LLC purchased a new stake in shares of Tyco International during the second quarter valued at about $134,000. 93.93% of the stock is owned by institutional investors.
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.
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