Citigroup Inc. started coverage on shares of Tyco International Ltd. (NYSE:JCI) in a research note issued on Monday. The firm set a “buy” rating and a $54.00 price target on the stock. Citigroup Inc.’s price objective would indicate a potential upside of 19.00% from the company’s current price.

Other equities analysts have also issued reports about the company. Morgan Stanley set a $55.00 target price on Tyco International and gave the stock a “buy” rating in a research report on Tuesday, September 6th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $52.00 target price (up from $51.00) on shares of Tyco International in a research report on Wednesday, September 7th. Atlantic Securities reaffirmed an “overweight” rating on shares of Tyco International in a research report on Friday, September 9th. TheStreet lowered Tyco International from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Finally, Macquarie raised Tyco International from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $43.00 to $55.00 in a research report on Thursday, September 8th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Tyco International has a consensus rating of “Buy” and an average target price of $48.76.

Analyst Recommendations for Tyco International (NYSE:JCI)

Tyco International (NYSE:JCI) opened at 45.38 on Monday. The stock’s 50 day moving average price is $43.81 and its 200-day moving average price is $43.86. The company’s market cap is $42.47 billion. Tyco International has a 52 week low of $28.94 and a 52 week high of $48.97.

Tyco International (NYSE:JCI) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.20. Tyco International had a positive return on equity of 15.76% and a negative net margin of 4.09%. The firm earned $10.21 billion during the quarter, compared to analysts’ expectations of $9.64 billion. During the same quarter last year, the firm posted $0.64 earnings per share. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities research analysts forecast that Tyco International will post $2.73 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Oakworth Capital Inc. increased its position in shares of Tyco International by 159.6% in the second quarter. Oakworth Capital Inc. now owns 2,440 shares of the company’s stock worth $108,000 after buying an additional 1,500 shares during the period. Pinkerton Retirement Specialists LLC increased its position in shares of Tyco International by 5,138.8% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,567 shares of the company’s stock worth $114,000 after buying an additional 2,518 shares during the period. Signaturefd LLC increased its position in shares of Tyco International by 13.7% in the second quarter. Signaturefd LLC now owns 2,601 shares of the company’s stock worth $115,000 after buying an additional 313 shares during the period. Chicago Partners Investment Group LLC increased its position in shares of Tyco International by 0.7% in the second quarter. Chicago Partners Investment Group LLC now owns 2,742 shares of the company’s stock worth $121,000 after buying an additional 20 shares during the period. Finally, First Quadrant L P CA acquired a new position in shares of Tyco International during the third quarter worth about $129,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.

About Tyco International

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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