Tyson Foods (NYSE:TSN) Stock Rating Upgraded by Wall Street Zen

Tyson Foods (NYSE:TSN) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

TSN has been the subject of several other research reports. Piper Sandler restated an “overweight” rating and issued a $80.00 price objective on shares of Tyson Foods in a report on Monday, May 4th. Stephens upped their price objective on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Argus upgraded Tyson Foods to a “hold” rating in a report on Friday, February 6th. Sanford C. Bernstein restated a “market perform” rating and issued a $69.00 price objective on shares of Tyson Foods in a report on Tuesday, February 3rd. Finally, BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and an average target price of $68.27.

Tyson Foods Trading Up 0.1%

Shares of Tyson Foods stock opened at $68.44 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. The firm has a market cap of $24.10 billion, a price-to-earnings ratio of 53.89, a price-to-earnings-growth ratio of 1.40 and a beta of 0.40. The business has a fifty day simple moving average of $63.35 and a 200-day simple moving average of $60.08. Tyson Foods has a fifty-two week low of $50.56 and a fifty-two week high of $69.48.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.11. The business had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 earnings per share. On average, equities analysts forecast that Tyson Foods will post 4.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc increased its holdings in shares of Tyson Foods by 10.3% during the 4th quarter. IFP Advisors Inc now owns 1,679 shares of the company’s stock valued at $98,000 after acquiring an additional 157 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in shares of Tyson Foods by 0.4% during the 4th quarter. IFM Investors Pty Ltd now owns 40,527 shares of the company’s stock valued at $2,376,000 after acquiring an additional 159 shares during the last quarter. Deseret Mutual Benefit Administrators increased its holdings in shares of Tyson Foods by 4.4% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 3,942 shares of the company’s stock valued at $231,000 after acquiring an additional 166 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of Tyson Foods by 10.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock valued at $101,000 after acquiring an additional 179 shares during the last quarter. Finally, Matrix Trust Co boosted its stake in Tyson Foods by 28.8% during the 4th quarter. Matrix Trust Co now owns 818 shares of the company’s stock valued at $48,000 after purchasing an additional 183 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.