Analysts Set Tyson Foods, Inc. (NYSE:TSN) PT at $69.44

by · The Markets Daily

Tyson Foods, Inc. (NYSE:TSN – Get Free Report) has been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $68.1111.

A number of analysts recently commented on TSN shares. JPMorgan Chase & Co. dropped their price target on Tyson Foods from $71.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Weiss Ratings lowered Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Bank of America lowered their target price on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating on the stock in a research note on Thursday, July 2nd. HSBC cut their price target on shares of Tyson Foods from $74.00 to $69.00 and set a “hold” rating on the stock in a report on Wednesday, July 29th. Finally, Barclays reduced their price target on shares of Tyson Foods from $78.00 to $75.00 and set an “overweight” rating for the company in a research report on Friday, September 4th.

Read Our Latest Stock Analysis on Tyson Foods

Institutional Investors Weigh In On Tyson Foods

Several large investors have recently modified their holdings of TSN. Cary Street Partners Investment Advisory LLC grew its holdings in Tyson Foods by 62.3% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after purchasing an additional 198 shares during the period. Ascentis Independent Advisors bought a new stake in shares of Tyson Foods in the first quarter valued at $30,000. Basecamp Wealth Advisors LLC lifted its position in shares of Tyson Foods by 272.8% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 466 shares of the company’s stock valued at $30,000 after buying an additional 341 shares during the last quarter. Cedar Mountain Advisors LLC lifted its position in shares of Tyson Foods by 293.5% during the 1st quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company’s stock valued at $31,000 after buying an additional 364 shares during the last quarter. Finally, Archer Investment Corp bought a new position in shares of Tyson Foods during the 2nd quarter worth $31,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Up 1.1%

Shares of TSN stock opened at $52.31 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.55 and a current ratio of 1.43. The company has a market capitalization of $18.40 billion, a price-to-earnings ratio of 32.29, a PEG ratio of 0.84 and a beta of 0.38. Tyson Foods has a 52-week low of $50.56 and a 52-week high of $69.48. The company has a 50-day simple moving average of $57.11 and a two-hundred day simple moving average of $60.41.

Tyson Foods (NYSE:TSN – Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. The firm had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $14.07 billion. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 EPS. Research analysts anticipate that Tyson Foods will post 3.82 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, December 1st. Tyson Foods’s payout ratio is presently 125.93%.

Tyson Foods Company Profile

(Get Free Report)

Tyson Foods, Inc is a food company that produces and markets protein-based foods for retail, foodservice and industrial customers. Its principal businesses include chicken, beef, pork and prepared foods, with products ranging from fresh and frozen meats to ready-to-eat and ready-to-prepare meals.

The company sells products under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair, as well as private-label offerings. Tyson Foods also supplies restaurants, schools, hospitals and other institutional customers, and operates processing, distribution and related food production facilities in the United States and select international markets.

Tyson Foods traces its origins to 1935, when John W.

Featured Articles