Tyson Foods, Inc. (NYSE:TSN) had its target price boosted by investment analysts at BMO Capital Markets to $89.00 in a report issued on Tuesday. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 17.74% from the company’s previous close.
TSN has been the subject of several other reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $77.00 price objective (up from $70.00) on shares of Tyson Foods in a research report on Friday, October 6th. Morgan Stanley started coverage on shares of Tyson Foods in a research report on Friday, November 3rd. They set an “equal weight” rating and a $76.00 price objective for the company. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “strong-buy” rating and set a $82.00 price target for the company in a report on Wednesday, October 4th. BidaskClub cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $75.00 price target on shares of Tyson Foods in a report on Thursday, July 27th. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $72.45.
Shares of Tyson Foods (TSN) opened at $75.59 on Tuesday. Tyson Foods has a 12-month low of $55.72 and a 12-month high of $75.82. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.79 and a current ratio of 1.63. The firm has a market cap of $26,636.80, a price-to-earnings ratio of 15.32 and a beta of 0.30.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, November 13th. The company reported $1.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.05. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The company had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.93 billion. During the same period in the prior year, the company posted $0.96 earnings per share. Tyson Foods’s revenue for the quarter was up 10.8% compared to the same quarter last year. research analysts anticipate that Tyson Foods will post 5.25 EPS for the current year.
In related news, Director Zepeda Francisco Art Bonillas sold 107,264 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $0.53, for a total transaction of $56,849.92. 2.65% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sun Life Financial INC lifted its position in shares of Tyson Foods by 21,000.0% during the second quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock valued at $132,000 after purchasing an additional 2,100 shares in the last quarter. Washington Trust Bank lifted its position in shares of Tyson Foods by 60.0% during the second quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock valued at $140,000 after purchasing an additional 840 shares in the last quarter. Stevens First Principles Investment Advisors bought a new position in shares of Tyson Foods during the third quarter valued at about $141,000. Archford Capital Strategies LLC lifted its position in shares of Tyson Foods by 27,492.3% during the second quarter. Archford Capital Strategies LLC now owns 3,587 shares of the company’s stock valued at $149,000 after purchasing an additional 3,574 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Tyson Foods by 17.0% during the second quarter. IFP Advisors Inc now owns 2,470 shares of the company’s stock valued at $155,000 after purchasing an additional 359 shares in the last quarter. 70.69% of the stock is currently owned by institutional investors.
About Tyson Foods
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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