Credit Suisse Says That It is Time To Finally Downgrade Tyco (TYC) Stock


Tyco (TYC) Receives a Downgrade

Research professionals at Credit Suisse’s equities division cut shares of Tyco (TYC) from a “Outperform” to a “Neutral” rating today. Theses analysts currently have a Estimated Target Price of $36.0 on TYC equating to a 10.91% upside.

From a total of 16 analysts covering Tyco (TYC) stock, 11 rate it a ”Buy”, 1 a “Sell”, and 5 a ”Hold”. This means that 65% of the ratings are positive. The highest target price is $50 while the lowest target price is $33. The mean of all analyst targets is $39.69 with a 22.64% above today’s ($31.8) stock price. Tyco was the topic of 4 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on November 16 with “Sell” rating. JP Morgan upgraded TYC stock in a recent report from November 11 to “Overweight” rating.

Approximately 733,088 shares of stock traded hands. Tyco International plc (Ireland) Ordinary Share (TYC) has declined 17.84% since May 11, 2015 and is downtrending. It has underperformed by 13.43% the S&P500.

 Credit Suisse Says That It is Time To Finally Downgrade Tyco (TYC) Stock

The overall sentiment of institutions has decreased to 0.97 in Q2 2015. Its down 0.01, from 0.98 in 2015Q2. The ratio worsened, as 42 institutions have sold all the shares of Tyco International plc (Ireland) Ordinary Share that they owned while 166 funds have taken shares off the table. 49 funds have purchased shares for the first time while 153 added to their positions. These institutions now hold 351.00 million shares or 4.40% less than the 367.17 million shares they owned in 2015Q2.

The Fund Edinburgh Partners Ltd currently is holding shares equating to 7.47% of its total portfolio in Tyco International plc (Ireland) Ordinary Share representing a total of 2.11 million shares. Another fund,Crestwood Capital Management L.P., is holding a total of 759,200 shares equating to 4.44% of their holdings. Additionally, Stevens First Principles Investment Advisors has a 89,500 share stake in Tyco International plc (Ireland) Ordinary Share which represents 2.39% of their total portfolio. The Fund, O'Shaughnessy Asset Management Llc, based out of Connecticut, has also built up a stake in the stock, which represents a total of 2.07% of their total portfolio. Finally Armstrong Shaw Associates Inc Ct, a fund which is based in the state of Connecticut reported a total holdings of 245,605 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 6, 2015, shareholders of Tyco International plc (Ireland) Ordinary Share have witnessed 0 insider purchases, and a total of 5 sales equating to a net activity of approximately $18.42 million . Costello Lawrence B sold 14,333 shares worth approximately $516,503. Breen Edward D sold 320,965 shares worth approximately $12.13 million. Reinsdorf Judith A sold 116,258 shares worth approximately $4.38M. Oliver George sold 22,586 shares worth approximately $862,756. The company insider Yost R David bought 10,000 shares worth $399,500.

According to Zacks Investment Research, “Tyco International plc is a pure-play fire protection and security company. It’s Security Installation and Services business sells, designs, installs and maintains integrated systems to detect intrusion, control access and react to movement, fire, smoke, flooding, environmental conditions, industrial processes and other hazards. Tyco’s Fire Protection Installation and Services sells, designs, installs and maintains fire detection, fire sprinkler, fire suppression, emergency communications, and nurse call systems. It serves various end markets, including commercial, institutional, governmental, retail, industrial, energy, residential and small business. Tyco International plc is headquartered in Neuhausen am Mahon, Ireland.”