Tyson Foods, Inc. (TSN) Receives Average Recommendation of “Hold” from Analysts
Shares of Tyson Foods, Inc. (NYSE:TSN) have earned a consensus recommendation of “Hold” from the nineteen ratings firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $73.69.
TSN has been the subject of a number of research reports. Barclays cut their target price on shares of Tyson Foods from $80.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, July 30th. ValuEngine cut shares of Tyson Foods from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Stephens cut their target price on shares of Tyson Foods to $73.00 and set an “overweight” rating for the company in a research note on Monday, July 30th. They noted that the move was a valuation call. BMO Capital Markets cut their target price on shares of Tyson Foods from $89.00 to $82.00 and set an “outperform” rating for the company in a research note on Tuesday, August 7th. Finally, Argus cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, September 5th.
In related news, insider Sally Grimes sold 19,258 shares of the company’s stock in a transaction dated Sunday, July 1st. The shares were sold at an average price of $68.85, for a total transaction of $1,325,913.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas P. Hayes sold 20,202 shares of the company’s stock in a transaction dated Sunday, July 1st. The shares were sold at an average price of $68.85, for a total transaction of $1,390,907.70. The disclosure for this sale can be found here. 2.65% of the stock is currently owned by corporate insiders.
Shares of Tyson Foods stock traded down $1.07 during trading hours on Friday, reaching $61.24. The stock had a trading volume of 4,438,469 shares, compared to its average volume of 1,971,550. The company has a market cap of $22.41 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 0.95 and a beta of 0.11. Tyson Foods has a twelve month low of $56.79 and a twelve month high of $84.65. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.66 and a current ratio of 1.48.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 6th. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.17. The business had revenue of $10.05 billion during the quarter, compared to the consensus estimate of $10.22 billion. Tyson Foods had a net margin of 7.17% and a return on equity of 18.84%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 earnings per share. equities research analysts forecast that Tyson Foods will post 5.89 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.96%. Tyson Foods’s dividend payout ratio is currently 22.60%.
About Tyson Foods
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.
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