Tyson Foods, Inc. (NYSE:TSN) Rating Reiterated by BMO Capital Markets
Tyson Foods, Inc. (NYSE:TSN)‘s stock had its “outperform” rating restated by research analysts at BMO Capital Markets in a note issued to investors on Thursday. They presently have a $78.00 target price on the stock, up from their prior target price of $75.00. BMO Capital Markets’ target price would suggest a potential upside of 20.63% from the company’s current price.
Several other brokerages have also recently commented on TSN. Zacks Investment Research cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Pivotal Research reissued a “sell” rating and issued a $40.00 price target on shares of Tyson Foods in a research report on Tuesday. ValuEngine cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Jefferies Group LLC reissued a “buy” rating and issued a $75.00 price target on shares of Tyson Foods in a research report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $76.00 price target on shares of Tyson Foods in a research report on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $69.21.
Shares of Tyson Foods (NYSE:TSN) opened at 64.66 on Thursday. Tyson Foods has a one year low of $55.72 and a one year high of $77.05. The company has a 50 day moving average price of $61.67 and a 200-day moving average price of $62.03. The stock has a market cap of $23.73 billion, a price-to-earnings ratio of 13.51 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.10. The firm had revenue of $9.85 billion during the quarter, compared to analysts’ expectations of $9.49 billion. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $1.21 EPS. Equities analysts predict that Tyson Foods will post $5.01 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc raised its position in Tyson Foods by 9.4% in the first quarter. IFP Advisors Inc now owns 2,111 shares of the company’s stock worth $130,000 after buying an additional 182 shares in the last quarter. Washington Trust Bank raised its position in Tyson Foods by 60.0% in the second quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock worth $140,000 after buying an additional 840 shares in the last quarter. Independent Portfolio Consultants Inc. raised its position in Tyson Foods by 146.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,282 shares of the company’s stock worth $143,000 after buying an additional 1,357 shares in the last quarter. IHT Wealth Management LLC raised its position in Tyson Foods by 62.9% in the first quarter. IHT Wealth Management LLC now owns 2,850 shares of the company’s stock worth $177,000 after buying an additional 1,100 shares in the last quarter. Finally, Harbour Capital Advisors LLC acquired a new position in Tyson Foods during the first quarter worth approximately $196,000. Institutional investors own 71.97% of the company’s stock.
Tyson Foods Company Profile
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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