Tyco International Ltd. (JCI) Now Covered by Citigroup Inc.
Research analysts at Citigroup Inc. started coverage on shares of Tyco International Ltd. (NYSE:JCI) in a report released on Monday. The firm set a “buy” rating and a $54.00 price target on the stock. Citigroup Inc.’s price objective suggests a potential upside of 17.67% from the company’s current price.
JCI has been the subject of several other reports. Atlantic Securities reiterated an “overweight” rating on shares of Tyco International in a research note on Friday, September 9th. Wells Fargo & Co. reiterated a “market perform” rating on shares of Tyco International in a research note on Wednesday, October 12th. Vetr upgraded shares of Tyco International from a “buy” rating to a “strong-buy” rating and set a $51.67 target price for the company in a research note on Monday, September 12th. Sanford C. Bernstein began coverage on shares of Tyco International in a research note on Friday, September 16th. They set an “outperform” rating and a $57.00 target price for the company. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $52.00 target price (up from $51.00) on shares of Tyco International in a research note on Wednesday, September 7th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Tyco International presently has an average rating of “Buy” and a consensus price target of $48.76.
Tyco International (NYSE:JCI) opened at 45.89 on Monday. The firm’s market capitalization is $42.94 billion. Tyco International has a 1-year low of $28.94 and a 1-year high of $48.97. The firm’s 50-day moving average is $43.82 and its 200-day moving average is $43.74.
Tyco International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, November 8th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.20. The business earned $10.21 billion during the quarter, compared to the consensus estimate of $9.64 billion. Tyco International had a negative net margin of 4.09% and a positive return on equity of 15.76%. Tyco International’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS. On average, equities analysts anticipate that Tyco International will post $2.73 EPS for the current year.
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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Compass Capital Management Inc. raised its position in shares of Tyco International by 5.0% in the second quarter. Compass Capital Management Inc. now owns 464,819 shares of the company’s stock valued at $20,573,000 after buying an additional 22,209 shares during the period. Retirement Systems of Alabama raised its position in shares of Tyco International by 0.3% in the second quarter. Retirement Systems of Alabama now owns 330,547 shares of the company’s stock valued at $14,630,000 after buying an additional 1,144 shares during the period. Genesee Valley Trust Co. raised its position in shares of Tyco International by 32.1% in the second quarter. Genesee Valley Trust Co. now owns 11,377 shares of the company’s stock valued at $504,000 after buying an additional 2,764 shares during the period. Creative Planning raised its position in shares of Tyco International by 8.2% in the second quarter. Creative Planning now owns 28,320 shares of the company’s stock valued at $1,253,000 after buying an additional 2,149 shares during the period. Finally, Calamos Advisors LLC acquired a new position in shares of Tyco International during the second quarter valued at about $39,776,000. 92.13% of the stock is currently 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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