Tyson Foods (NYSE:TSN) was upgraded by investment analysts at Argus from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, Marketbeat reports. The brokerage currently has a $92.00 price target on the stock. Argus’ price objective would indicate a potential upside of 12.79% from the company’s previous close.
Several other equities research analysts have also issued reports on TSN. BMO Capital Markets reissued a “top pick” rating and set a $90.00 price target on shares of Tyson Foods in a research report on Tuesday, May 7th. They noted that the move was a valuation call. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Wednesday, May 8th. Credit Suisse Group raised Tyson Foods from a “neutral” rating to an “outperform” rating and upped their price target for the company from $74.00 to $96.00 in a research report on Tuesday. Piper Jaffray Companies upped their price target on Tyson Foods from $72.00 to $84.00 and gave the company a “positive” rating in a research report on Monday, May 6th. Finally, Standpoint Research lowered Tyson Foods from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Tyson Foods currently has an average rating of “Buy” and a consensus target price of $77.94.
Tyson Foods stock opened at $81.57 on Tuesday. The company has a market cap of $29.04 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 1.49 and a beta of 0.51. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.38 and a quick ratio of 0.54. Tyson Foods has a 52 week low of $49.77 and a 52 week high of $82.61.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, May 6th. The company reported $1.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.08. The company had revenue of $10.44 billion during the quarter, compared to analysts’ expectations of $10.25 billion. Tyson Foods had a return on equity of 16.53% and a net margin of 5.05%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 EPS. As a group, analysts forecast that Tyson Foods will post 5.95 earnings per share for the current year.
In other news, insider Chad Roderick Martin sold 8,233 shares of the firm’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $62.36, for a total transaction of $513,409.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mary Oleksiuk sold 44,967 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $77.09, for a total value of $3,466,506.03. The disclosure for this sale can be found here. Insiders sold 145,490 shares of company stock worth $11,139,298 over the last ninety days. 1.69% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Zions Bancorporation N.A. acquired a new position in shares of Tyson Foods during the first quarter valued at $25,000. Moody National Bank Trust Division acquired a new position in shares of Tyson Foods during the first quarter valued at $31,000. Global Retirement Partners LLC increased its holdings in shares of Tyson Foods by 100.0% during the first quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $35,000 after purchasing an additional 253 shares during the period. Harvest Group Wealth Management LLC acquired a new position in shares of Tyson Foods during the first quarter valued at $37,000. Finally, Huntington National Bank increased its holdings in shares of Tyson Foods by 236.9% during the fourth quarter. Huntington National Bank now owns 539 shares of the company’s stock valued at $29,000 after purchasing an additional 379 shares during the period. 71.36% of the stock is currently owned by institutional investors.
About Tyson Foods
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.
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