Tyco International Ltd. (JCI) Coverage Initiated by Analysts at Sanford C. Bernstein
Sanford C. Bernstein assumed coverage on shares of Tyco International Ltd. (NYSE:JCI) in a report released on Friday morning. The brokerage issued an outperform rating and a $57.00 price objective on the stock.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Tyco International from a hold rating to a buy rating and set a $50.00 price objective for the company in a research note on Tuesday, June 21st. Robert W. Baird reissued a buy rating on shares of Tyco International in a research note on Wednesday, June 15th. Morgan Stanley reissued a buy rating on shares of Tyco International in a research note on Wednesday, June 15th. Credit Suisse Group AG reaffirmed a buy rating on shares of Tyco International in a research note on Tuesday, June 14th. Finally, Oppenheimer Holdings Inc. reaffirmed a buy rating and issued a $50.00 target price on shares of Tyco International in a research note on Friday, May 20th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $50.69.
Shares of Tyco International (NYSE:JCI) opened at 44.55 on Friday. The stock’s 50 day moving average price is $47.63 and its 200-day moving average price is $44.95. Tyco International has a 52-week low of $31.73 and a 52-week high of $50.65. The stock has a market cap of $28.41 billion, a price-to-earnings ratio of 44.24 and a beta of 1.11.
Tyco International (NYSE:JCI) last issued its quarterly earnings data on Thursday, July 21st. The company reported $1.07 earnings per share for the quarter, topping the Zacks’ 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 period last year, the company posted $0.91 EPS. The company’s revenue was down 1.0% on a year-over-year basis. On average, analysts predict that Tyco International will post $2.09 earnings per share 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 shares were sold at an average price of $44.95, for a total transaction of $4,412,561.70. Following the sale, the vice president now owns 100,766 shares of the company’s stock, valued at approximately $4,529,431.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in JCI. Oakworth Capital Inc. increased its stake 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 increased its stake in 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 increased its stake in 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 increased its stake in 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 Tyco International during the second quarter valued at about $134,000. 93.95% of the stock is currently owned by hedge funds and other 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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