Sanford C. Bernstein Has Lowered Expectations for Tyson Foods (NYSE:TSN) Stock Price

Tyson Foods (NYSE:TSNGet Free Report) had its target price decreased by equities research analysts at Sanford C. Bernstein from $72.00 to $63.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Sanford C. Bernstein’s target price suggests a potential upside of 7.87% from the stock’s previous close.

Several other equities research analysts also recently issued reports on TSN. Stephens boosted their price objective on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. cut their target price on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 24th. Weiss Ratings upgraded shares of Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Mizuho assumed coverage on shares of Tyson Foods in a research report on Thursday, March 26th. They set an “outperform” rating and a $72.00 price target for the company. Finally, Piper Sandler reiterated an “overweight” rating and issued a $78.00 price target (down from $80.00) on shares of Tyson Foods in a report on Thursday, June 18th. Four equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $67.60.

Check Out Our Latest Report on TSN

Tyson Foods Stock Performance

NYSE TSN opened at $58.40 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70. Tyson Foods has a 1-year low of $50.56 and a 1-year high of $69.48. The firm has a market capitalization of $20.57 billion, a P/E ratio of 45.99, a P/E/G ratio of 1.16 and a beta of 0.40. The business’s 50-day simple moving average is $61.77 and its 200-day simple moving average is $61.84.

Tyson Foods (NYSE:TSNGet Free Report) last posted its earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The firm had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. During the same quarter in the prior year, the company earned $0.92 EPS. The company’s revenue was up 4.4% on a year-over-year basis. Equities analysts predict that Tyson Foods will post 4.16 EPS for the current year.

Institutional Trading of Tyson Foods

Institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Tyson Foods in the 4th quarter worth about $308,297,000. Davis Selected Advisers lifted its position in shares of Tyson Foods by 28.8% during the fourth quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after purchasing an additional 2,865,413 shares during the last quarter. Life Cycle Investment Partners Ltd bought a new position in shares of Tyson Foods during the fourth quarter worth about $165,220,000. Pzena Investment Management LLC grew its stake in Tyson Foods by 12.1% in the first quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock worth $1,099,167,000 after purchasing an additional 1,845,200 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Tyson Foods by 34.4% in the third quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock worth $363,852,000 after purchasing an additional 1,720,009 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

About Tyson Foods

(Get Free Report)

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.

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Analyst Recommendations for Tyson Foods (NYSE:TSN)

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