Barclays Upgrades Tyson Foods (NYSE:TSN) to “Overweight”

Tyson Foods (NYSE:TSN) was upgraded by equities researchers at Barclays from an “underweight” rating to an “overweight” rating in a research report issued on Tuesday, MarketBeat.com reports. The firm currently has a $69.00 price target on the stock, up from their previous price target of $53.00. Barclays‘s price target would suggest a potential upside of 17.79% from the stock’s current price.

Several other research analysts have also weighed in on the company. Bank of America raised Tyson Foods from an “underperform” rating to a “neutral” rating and upped their price target for the company from $47.00 to $62.00 in a research report on Tuesday, February 6th. JPMorgan Chase & Co. upped their price target on Tyson Foods from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Stephens restated an “overweight” rating and issued a $70.00 target price on shares of Tyson Foods in a research note on Tuesday, February 6th. Citigroup boosted their target price on Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Finally, Piper Sandler boosted their target price on Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and an average target price of $58.80.

Tyson Foods Price Performance

NYSE TSN opened at $58.58 on Tuesday. The stock has a market capitalization of $20.87 billion, a P/E ratio of -23.72, a P/E/G ratio of 0.46 and a beta of 0.77. Tyson Foods has a 1 year low of $44.94 and a 1 year high of $63.28. The business’s fifty day moving average is $55.87 and its two-hundred day moving average is $52.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.28. The firm had revenue of $13.32 billion for the quarter, compared to analyst estimates of $13.34 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. Tyson Foods’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 earnings per share. On average, research analysts forecast that Tyson Foods will post 2.33 earnings per share for the current fiscal year.

Insider Transactions at Tyson Foods

In other news, Director Noel W. White sold 9,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the completion of the sale, the director now owns 31,115 shares in the company, valued at approximately $1,672,431.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.05% of the stock is currently owned by corporate insiders.

Institutional Trading of Tyson Foods

Large investors have recently made changes to their positions in the stock. Sugarloaf Wealth Management LLC lifted its position in shares of Tyson Foods by 74.7% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock worth $30,000 after purchasing an additional 254 shares during the last quarter. Manchester Capital Management LLC lifted its position in shares of Tyson Foods by 501.9% during the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock worth $31,000 after purchasing an additional 517 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Tyson Foods by 47.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares during the last quarter. First Financial Corp IN acquired a new position in shares of Tyson Foods during the 1st quarter worth about $35,000. Finally, Lindbrook Capital LLC lifted its position in shares of Tyson Foods by 306.8% during the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock worth $36,000 after purchasing an additional 540 shares during the last quarter. Institutional investors own 67.00% 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 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.