Tyco International (NYSE: JCI) recently received a number of ratings updates from brokerages and research firms:

  • 9/20/2016 – Tyco International was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Johnson Controls’ merger with Tyco has created a leading global multi-industrial company named Johnson Controls International plc. The combined company is expected to generate revenues of $30 billion annually. Johnson Controls expects market expansion, acquisitions and strategic contracts to improve its performance and boost earnings. However, currency headwinds and stiff competition are some concerns. Johnson Controls’ earnings estimates have inched down lately, albeit still significantly higher than 30 days ago. The company has a mostly positive record of earnings surprises in recent quarters.”
  • 9/17/2016 – Tyco International was given a new $55.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 9/16/2016 – Tyco International is now covered by analysts at Sanford C. Bernstein. They set an “outperform” rating and a $57.00 price target on the stock.
  • 9/12/2016 – Tyco International was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $51.67 price target on the stock.
  • 9/9/2016 – Tyco International had its “overweight” rating reaffirmed by analysts at Atlantic Securities.
  • 9/8/2016 – Tyco International was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating. They now have a $55.00 price target on the stock, up previously from $43.00.
  • 9/7/2016 – Tyco International had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $52.00 price target on the stock, up previously from $51.00.
  • 9/6/2016 – Tyco International was given a new $55.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 9/6/2016 – Tyco International was downgraded by analysts at TheStreet from a “buy” rating to a “hold” rating.
  • 9/6/2016 – Tyco International is now covered by analysts at RBC Capital Markets. They set a “sector perform” rating and a $50.00 price target on the stock.
  • 9/6/2016 – Tyco International is now covered by analysts at Royal Bank Of Canada. They set a “sector perform” rating and a $50.00 price target on the stock.
  • 8/23/2016 – Tyco International had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $52.00 price target on the stock.
  • 8/8/2016 – Tyco International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Johnson Controls’ third-quarter fiscal 2016 adjusted earnings per share increased year over year and surpassed the Zacks Consensus Estimate. However, revenues declined year over year and fell short of the Zacks Consensus Estimate. The company revised its earnings per share guidance for fiscal 2016. Johnson Controls will be merging with Tyco in order to become a leading global multi-industrial company. The company anticipates that market expansion, acquisitions and strategic contracts will improve its performance and boost earnings. However, currency headwinds and stiff competition are some concerns. In addition, divestiture of several businesses is negatively impacting the company’s revenues and profits.”
  • 7/26/2016 – Tyco International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $51.00 price target on the stock. According to Zacks, “Johnson Controls’ third-quarter fiscal 2016 adjusted earnings per share increased year over year and surpassed the Zacks Consensus Estimate. However, revenues declined year over year and fell short of the Zacks Consensus Estimate. The company revised its earnings per share guidance for fiscal 2016. Johnson Controls will be merging with Tyco in order to become a leading global multi-industrial company. The company anticipates that market expansion, acquisitions and strategic contracts will improve its performance and boost earnings. However, currency headwinds and stiff competition are some concerns. In addition, divestiture of several businesses is negatively impacting the company’s revenues and profits.”

Shares of Tyco International Ltd. (NYSE:JCI) traded up 0.512% during trading on Wednesday, reaching $44.165. The company’s stock had a trading volume of 2,903,404 shares. The company has a market capitalization of $28.17 billion, a P/E ratio of 43.858 and a beta of 1.11. Tyco International Ltd. has a 12 month low of $31.73 and a 12 month high of $50.65. The company’s 50-day moving average is $47.77 and its 200-day moving average is $44.95.

Tyco International (NYSE:JCI) last released its earnings results on Thursday, July 21st. The company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.04. Tyco International had a net margin of 5.45% and a return on equity of 20.59%. The business earned $9.50 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter last year, the company earned $0.91 earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis. On average, analysts forecast that Tyco International Ltd. will post $2.10 EPS for the current fiscal year.

In related news, VP R Bruce Mcdonald sold 98,166 shares of the stock in a transaction dated 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 sale, the vice president now owns 100,766 shares in the company, valued at $4,529,431.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.50% of the stock is currently owned by corporate insiders.

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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