Nomura Reaffirms Neutral Rating on Tyco International Ltd (TYC)
Tyco International Ltd (NYSE: TYC)‘s stock had its “neutral” rating reiterated by investment analysts at Nomura (NYSE: NMR) in a note issued to investors on Friday.
Shares of Tyco International Ltd traded down 2.26% during mid-day trading on Friday, hitting $56.27. Tyco International Ltd has a 52 week low of $37.39 and a 52 week high of $57.75. The company has a market cap of $25.938 billion and a P/E ratio of 19.37.
The company last announced its quarterly results on Thursday, April 26th. It reported $0.86 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.79 EPS by $0.07. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts predict that Tyco International Ltd will post $1.06 earnings per share next quarter.
A number of other analysts have also recently weighed in on TYC. Analysts at FBR Capital (NASDAQ: FBCM) raised their price target on shares of Tyco International Ltd from $63.00 to $72.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Argus upgraded shares of Tyco International Ltd from a “hold” rating to a “buy” rating in a research note to investors on Monday, April 9th. They now have a $65.00 price target on the stock. Finally, analysts at Oppenheimer (NYSE: OPY) raised their price target on shares of Tyco International Ltd from $40.00 to $51.00 in a research note to investors on Thursday, March 29th.
Tyco International Ltd is a Switzerland-based holding company of Tyco Group. The Tyco Group (the Group) is a diversifies, global provider of diversified products ranging from electronic security and alarm monitoring to fire-fighting equipment and breathing apparatus, water purification and flow control solutions.