Tyco International Ltd. (NYSE:JCI) Given Consensus Recommendation of “Buy” by Brokerages
Tyco International Ltd. (NYSE:JCI) has been assigned an average rating of “Buy” from the twenty brokerages that are currently covering the firm. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $51.54.
Several research analysts have recently weighed in on the company. Morgan Stanley set a $55.00 price objective on Tyco International and gave the stock a “buy” rating in a research report on Tuesday, September 6th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $52.00 price objective (up from $51.00) on shares of Tyco International in a research report on Wednesday, September 7th. Atlantic Securities reaffirmed an “overweight” rating on shares of Tyco International in a research report on Friday, September 9th. TheStreet cut Tyco International from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Finally, Macquarie raised Tyco International from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $43.00 to $55.00 in a research report on Thursday, September 8th.
In other news, VP R Bruce Mcdonald sold 98,166 shares of the stock in a transaction that occurred 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 transaction, the vice president now 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. Insiders own 1.50% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Tyco International by 2.4% in the second quarter. Vanguard Group Inc. now owns 39,562,653 shares of the company’s stock worth $1,751,042,000 after buying an additional 910,041 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in Tyco International by 2.5% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 39,308,460 shares of the company’s stock worth $1,739,792,000 after buying an additional 946,124 shares during the period. State Street Corp raised its position in Tyco International by 0.7% in the first quarter. State Street Corp now owns 26,431,033 shares of the company’s stock worth $1,030,019,000 after buying an additional 191,922 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Tyco International by 0.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 16,658,567 shares of the company’s stock worth $737,308,000 after buying an additional 111,563 shares during the period. Finally, Capital World Investors raised its position in Tyco International by 7.6% in the second quarter. Capital World Investors now owns 14,636,753 shares of the company’s stock worth $647,823,000 after buying an additional 1,028,675 shares during the period. Institutional investors own 93.95% of the company’s stock.
Shares of Tyco International (NYSE:JCI) traded up 0.444% on Wednesday, reaching $44.135. The company’s stock had a trading volume of 3,096,825 shares. The firm has a market cap of $28.15 billion, a price-to-earnings ratio of 43.828 and a beta of 1.11. The company’s 50 day moving average is $47.77 and its 200-day moving average is $44.95. Tyco International has a 1-year low of $31.73 and a 1-year high of $50.65.
Tyco International (NYSE:JCI) last announced its quarterly earnings results on Thursday, July 21st. The company reported $1.07 earnings per share (EPS) for the quarter, topping 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 earned $9.50 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities research analysts expect that Tyco International will post $2.10 EPS for the current year.
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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