Tyson Foods (NYSE:TSN) had its target price upped by equities researchers at BMO Capital Markets from $90.00 to $98.00 in a report issued on Wednesday, November 13th, The Fly reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 9.02% from the company’s previous close.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.
A number of other brokerages have also issued reports on TSN. Credit Suisse Group lifted their price target on shares of Tyson Foods from $96.00 to $98.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. Stephens set a $95.00 target price on shares of Tyson Foods and gave the company a “buy” rating in a research note on Wednesday, September 4th. Mizuho boosted their target price on shares of Tyson Foods from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. set a $83.00 target price on shares of Tyson Foods and gave the company a “hold” rating in a research note on Monday, August 12th. Finally, Pivotal Research reiterated a “sell” rating and set a $50.00 target price on shares of Tyson Foods in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $88.33.
Shares of NYSE:TSN traded down $0.20 during midday trading on Wednesday, reaching $89.89. The company had a trading volume of 1,081,210 shares, compared to its average volume of 2,570,457. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.56. The stock’s fifty day moving average price is $84.55 and its 200-day moving average price is $83.73. The stock has a market capitalization of $32.90 billion, a P/E ratio of 16.46, a PEG ratio of 1.42 and a beta of 0.43. Tyson Foods has a one year low of $49.77 and a one year high of $94.11.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). The company had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.93 billion. Tyson Foods had a return on equity of 14.53% and a net margin of 4.77%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.58 EPS. As a group, sell-side analysts forecast that Tyson Foods will post 6.56 earnings per share for the current year.
In other news, EVP Mary Oleksiuk sold 28,382 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $92.22, for a total transaction of $2,617,388.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.69% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Advisors Preferred LLC acquired a new stake in Tyson Foods in the second quarter worth about $26,000. Valeo Financial Advisors LLC acquired a new stake in Tyson Foods in the 2nd quarter valued at about $32,000. West Oak Capital LLC acquired a new stake in Tyson Foods in the 2nd quarter valued at about $34,000. Next Capital Management LLC acquired a new stake in Tyson Foods in the 2nd quarter valued at about $35,000. Finally, Advantage Investment Management LLC lifted its holdings in Tyson Foods by 283.9% in the 2nd quarter. Advantage Investment Management LLC now owns 476 shares of the company’s stock valued at $38,000 after acquiring an additional 352 shares during the last quarter. Institutional investors and hedge funds own 69.02% of the company’s stock.
Tyson Foods Company Profile
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats; and raises and processes chickens into fresh, frozen, and value-added chicken products.
Recommended Story: What is a balanced fund?