Tyson Foods (NYSE:TSN) PT Raised to $54.00 at The Goldman Sachs Group

Tyson Foods (NYSE:TSN) had its target price increased by equities researchers at The Goldman Sachs Group from $49.00 to $54.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective points to a potential downside of 7.57% from the company’s current price.

A number of other brokerages also recently weighed in on TSN. StockNews.com raised Tyson Foods from a “sell” rating to a “hold” rating in a report on Monday, January 22nd. Citigroup raised their price objective on Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Barclays raised Tyson Foods from an “underweight” rating to an “overweight” rating and raised their price objective for the company from $53.00 to $69.00 in a report on Tuesday. Piper Sandler raised their price objective on Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Finally, Bank of America raised Tyson Foods from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $47.00 to $62.00 in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Tyson Foods has a consensus rating of “Hold” and a consensus target price of $58.80.

Tyson Foods Price Performance

Tyson Foods stock traded up $0.27 during mid-day trading on Wednesday, reaching $58.42. 877,598 shares of the company were exchanged, compared to its average volume of 2,882,283. The company has a fifty day simple moving average of $55.78 and a 200-day simple moving average of $52.28. The firm has a market cap of $20.82 billion, a PE ratio of -23.62, a PEG ratio of 0.46 and a beta of 0.77. Tyson Foods has a 12 month low of $44.94 and a 12 month high of $63.28. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.28. The firm had revenue of $13.32 billion for the quarter, compared to the consensus estimate of $13.34 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. As a group, equities research analysts expect that Tyson Foods will post 2.33 earnings per share for the current fiscal year.

Insider Transactions at Tyson Foods

In related news, Director Noel W. White sold 9,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the completion of the sale, the director now directly owns 31,115 shares of the company’s stock, valued at approximately $1,672,431.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.05% of the company’s stock.

Hedge Funds Weigh In On Tyson Foods

A number of hedge funds have recently added to or reduced their stakes in the stock. Wetherby Asset Management Inc. boosted its stake in Tyson Foods by 5.1% during the 1st quarter. Wetherby Asset Management Inc. now owns 4,031 shares of the company’s stock valued at $361,000 after purchasing an additional 196 shares during the last quarter. Ridgewood Investments LLC boosted its stake in Tyson Foods by 0.8% during the 1st quarter. Ridgewood Investments LLC now owns 25,741 shares of the company’s stock valued at $1,512,000 after purchasing an additional 199 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in Tyson Foods by 47.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. Spire Wealth Management boosted its stake in Tyson Foods by 21.7% during the 4th quarter. Spire Wealth Management now owns 1,340 shares of the company’s stock valued at $71,000 after purchasing an additional 239 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Tyson Foods by 26.1% during the 4th quarter. Allworth Financial LP now owns 1,185 shares of the company’s stock valued at $64,000 after purchasing an additional 245 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

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 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; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.