Tyson Foods (NYSE:TSN) Rating Reiterated by Stephens

Tyson Foods (NYSE:TSNGet Free Report)‘s stock had its “overweight” rating reaffirmed by Stephens in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $70.00 target price on the stock. Stephens’ price objective would suggest a potential upside of 29.77% from the stock’s previous close.

Several other research analysts have also recently commented on TSN. Citigroup started coverage on Tyson Foods in a research note on Thursday, February 1st. They set a “neutral” rating and a $56.00 target price for the company. Barclays boosted their target price on Tyson Foods from $50.00 to $53.00 and gave the stock an “underweight” rating in a research note on Tuesday. Piper Sandler boosted their target price on Tyson Foods from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. JPMorgan Chase & Co. upped their price objective on Tyson Foods from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Finally, Bank of America raised Tyson Foods from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $47.00 to $62.00 in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $57.60.

Check Out Our Latest Analysis on TSN

Tyson Foods Trading Down 2.6 %

Shares of NYSE TSN opened at $53.94 on Tuesday. Tyson Foods has a twelve month low of $44.94 and a twelve month high of $63.49. The company has a current ratio of 1.49, a quick ratio of 0.52 and a debt-to-equity ratio of 0.46. The stock has a fifty day simple moving average of $53.17 and a 200-day simple moving average of $51.53. The stock has a market capitalization of $19.16 billion, a PE ratio of -21.84, a PEG ratio of 0.59 and a beta of 0.77.

Tyson Foods (NYSE:TSNGet Free Report) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.28. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The business had revenue of $13.32 billion during the quarter, compared to analysts’ expectations of $13.34 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The company’s revenue was up .4% on a year-over-year basis. On average, equities analysts forecast that Tyson Foods will post 2.1 earnings per share for the current year.

Insider Buying and Selling

In related news, Chairman John H. Tyson sold 133,277 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $46.16, for a total value of $6,152,066.32. Following the sale, the chairman now owns 2,739,150 shares in the company, valued at approximately $126,439,164. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.05% of the company’s stock.

Institutional Investors Weigh In On Tyson Foods

Institutional investors and hedge funds have recently modified their holdings of the company. Check Capital Management Inc. CA acquired a new stake in shares of Tyson Foods in the 3rd quarter worth approximately $204,000. Markel Group Inc. grew its holdings in Tyson Foods by 28.3% during the 3rd quarter. Markel Group Inc. now owns 577,500 shares of the company’s stock valued at $29,158,000 after buying an additional 127,500 shares during the last quarter. LPL Financial LLC grew its holdings in Tyson Foods by 26.7% during the 2nd quarter. LPL Financial LLC now owns 256,993 shares of the company’s stock valued at $13,117,000 after buying an additional 54,143 shares during the last quarter. Triumph Capital Management grew its holdings in Tyson Foods by 41.7% during the 2nd quarter. Triumph Capital Management now owns 22,916 shares of the company’s stock valued at $1,170,000 after buying an additional 6,740 shares during the last quarter. Finally, ING Groep NV grew its holdings in Tyson Foods by 262.1% during the 3rd quarter. ING Groep NV now owns 35,836 shares of the company’s stock valued at $1,809,000 after buying an additional 25,938 shares during the last quarter. Institutional investors and hedge funds own 63.68% of the company’s stock.

About Tyson Foods

(Get Free Report)

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 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; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.

Further Reading

Analyst Recommendations for Tyson Foods (NYSE:TSN)

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