Tyson Foods Stock Rating Lowered by Ned Davis Research (TSN)
Tyson Foods (NYSE:TSN) was downgraded by analysts at Ned Davis Research from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, American Banking News reports.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Tyson Foods (NYSE:TSN) in a research note to investors on Friday. They now have a $30.00 price target on the stock. Separately, analysts at Merrill Lynch downgraded shares of Tyson Foods (NYSE:TSN) from a “buy” rating to a “neutral” rating in a research note to investors on Monday, August 26th. Finally, analysts at Bank of America Corp. downgraded shares of Tyson Foods (NYSE:TSN) from a “buy” rating to a “neutral” rating in a research note to investors on Monday, August 26th. They now have a $32.00 price target on the stock, down previously from $33.00. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. Tyson Foods presently has a consensus rating of “Hold” and a consensus target price of $30.90.
Shares of Tyson Foods (NYSE:TSN) traded down 0.73% during mid-day trading on Monday, hitting $28.39. 1,203,648 shares of the company’s stock traded hands. Tyson Foods has a 1-year low of $15.93 and a 1-year high of $32.40. The stock’s 50-day moving average is $30. and its 200-day moving average is $26.61. The company has a market cap of $9.999 billion and a P/E ratio of 14.78.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.09. The company had revenue of $8.73 billion for the quarter, compared to the consensus estimate of $8.65 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts expect that Tyson Foods will post $2.23 EPS for the current fiscal year.
Tyson Foods, Inc and its subsidiaries is a meat protein companies and food production company. The Company produces, distributes and markets chicken, beefs, pork, prepared foods and related allied products.
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