Tyson Foods (NYSE:TSN) PT Raised to $62.00

Tyson Foods (NYSE:TSNGet Free Report) had its price target lifted by Citigroup from $57.00 to $62.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective would suggest a potential upside of 7.53% from the company’s current price.

A number of other analysts have also issued reports on the company. Bank of America upgraded Tyson Foods from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $47.00 to $62.00 in a report on Tuesday, February 6th. Piper Sandler boosted their price target on Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, January 26th. BMO Capital Markets upped their target price on Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a report on Tuesday, February 6th. Stephens restated an “overweight” rating and set a $70.00 target price on shares of Tyson Foods in a report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. upped their target price on Tyson Foods from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and an average target price of $58.20.

Check Out Our Latest Stock Analysis on TSN

Tyson Foods Stock Performance

Tyson Foods stock traded up $0.06 during trading on Wednesday, reaching $57.66. The company had a trading volume of 279,519 shares, compared to its average volume of 3,002,523. The firm has a market capitalization of $20.55 billion, a price-to-earnings ratio of -23.38, a price-to-earnings-growth ratio of 0.46 and a beta of 0.77. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The firm’s 50-day simple moving average is $55.10 and its 200 day simple moving average is $51.80. Tyson Foods has a 52 week low of $44.94 and a 52 week high of $63.28.

Tyson Foods (NYSE:TSNGet Free Report) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.28. The company had revenue of $13.32 billion for the quarter, compared to analysts’ expectations of $13.34 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 earnings per share. Sell-side analysts forecast that Tyson Foods will post 2.35 earnings per share for the current fiscal year.

Insider Activity at Tyson Foods

In related news, Director Noel W. White sold 9,000 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the transaction, the director now directly owns 31,115 shares of the company’s stock, valued at approximately $1,672,431.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.05% of the stock is owned by insiders.

Institutional Investors Weigh In On Tyson Foods

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSN. Cantor Fitzgerald Investment Advisor L.P grew its position in Tyson Foods by 94.9% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 317,286 shares of the company’s stock worth $28,439,000 after purchasing an additional 154,507 shares during the period. Markel Corp grew its position in shares of Tyson Foods by 2.1% during the 1st quarter. Markel Corp now owns 384,500 shares of the company’s stock valued at $34,463,000 after acquiring an additional 8,000 shares during the period. Aviva PLC grew its position in shares of Tyson Foods by 25.5% during the 1st quarter. Aviva PLC now owns 121,466 shares of the company’s stock valued at $10,887,000 after acquiring an additional 24,669 shares during the period. Prudential PLC acquired a new stake in shares of Tyson Foods during the 1st quarter valued at about $747,000. Finally, Vanguard Group Inc. grew its position in shares of Tyson Foods by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock valued at $3,332,404,000 after acquiring an additional 2,239,235 shares during the period. 67.00% of the stock is owned by institutional investors and hedge funds.

About Tyson Foods

(Get Free Report)

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.

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