Tyco International (NYSE:TYC) posted its quarterly earnings results on Thursday. The company reported $0.52 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.52, Stock Ratings Network.com reports. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter last year, the company posted $0.33 earnings per share. Tyco International’s revenue was up 1.2% compared to the same quarter last year.
TYC has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated an “in-line” rating on shares of Tyco International in a research note to investors on Friday. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Tyco International in a research note to investors on Thursday, October 24th. They now have a $38.00 price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated a “buy” rating on shares of Tyco International in a research note to investors on Tuesday, August 27th. They now have a $44.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $36.33.
Shares of Tyco International (NYSE:TYC) traded down 0.29% on Friday, hitting $37.49. The stock had a trading volume of 638,422 shares. Tyco International has a 52 week low of $26.17 and a 52 week high of $38.00. The stock has a 50-day moving average of $35.80 and a 200-day moving average of $34.52. The company’s market cap is $17.331 billion.
Tyco International Ltd is a Switzerland-based holding company of Tyco Group. The Tyco Group (NYSE:TYC) 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.
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