Tyson Foods (NYSE:TSN) has been assigned a $96.00 target price by stock analysts at Credit Suisse Group in a research note issued to investors on Thursday, TipRanks reports. The brokerage currently has a “buy” rating on the stock. Credit Suisse Group’s price target would indicate a potential upside of 17.20% from the stock’s current price.

A number of other equities analysts have also commented on TSN. Jefferies Financial Group reissued a “buy” rating and issued a $75.00 price target on shares of Tyson Foods in a research report on Sunday, February 17th. Stephens started coverage on shares of Tyson Foods in a research report on Monday, March 4th. They issued an “overweight” rating and a $62.26 price target on the stock. ValuEngine raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Tuesday, April 9th. Finally, Standpoint Research lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $77.94.

NYSE TSN opened at $81.91 on Thursday. The company has a quick ratio of 0.54, a current ratio of 1.38 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $29.89 billion, a price-to-earnings ratio of 13.30 and a beta of 0.47. Tyson Foods has a 12-month low of $49.77 and a 12-month high of $84.30.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, May 6th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.08. The firm had revenue of $10.44 billion during the quarter, compared to analysts’ expectations of $10.25 billion. Tyson Foods had a net margin of 5.05% and a return on equity of 16.53%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.27 earnings per share. As a group, analysts anticipate that Tyson Foods will post 5.97 EPS for the current fiscal year.

In related news, EVP Mary Oleksiuk sold 44,967 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $77.09, for a total transaction of $3,466,506.03. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stephen R. Stouffer sold 12,000 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $83.02, for a total transaction of $996,240.00. The disclosure for this sale can be found here. Insiders have sold 84,433 shares of company stock worth $6,680,525 in the last ninety days. 1.69% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Cerebellum GP LLC increased its position in Tyson Foods by 2.7% during the first quarter. Cerebellum GP LLC now owns 5,011 shares of the company’s stock worth $348,000 after acquiring an additional 130 shares during the period. Investment Management of Virginia LLC increased its position in Tyson Foods by 1.0% during the first quarter. Investment Management of Virginia LLC now owns 13,964 shares of the company’s stock worth $970,000 after acquiring an additional 135 shares during the period. Horrell Capital Management Inc. increased its position in Tyson Foods by 0.4% during the first quarter. Horrell Capital Management Inc. now owns 31,468 shares of the company’s stock worth $2,185,000 after acquiring an additional 139 shares during the period. Unison Advisors LLC increased its position in Tyson Foods by 0.7% during the first quarter. Unison Advisors LLC now owns 21,606 shares of the company’s stock worth $1,500,000 after acquiring an additional 144 shares during the period. Finally, Empirical Finance LLC increased its position in Tyson Foods by 0.6% during the first quarter. Empirical Finance LLC now owns 25,084 shares of the company’s stock worth $1,742,000 after acquiring an additional 160 shares during the period. 69.70% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Tyson Foods (NYSE:TSN)

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