Tyson Foods Price Target Raised to $37.00 at BB&T Corp. (TSN)
Equities researchers at BB&T Corp. boosted their price target on shares of Tyson Foods (NYSE:TSN) to $37.00 in a research report issued on Wednesday, American Banking News reports. The firm currently has a “buy” rating on the stock. BB&T Corp.’s target price points to a potential upside of 28.92% from the stock’s previous close.
Shares of Tyson Foods (NYSE:TSN) traded up 1.41% on Wednesday, hitting $28.70. The stock had a trading volume of 4,485,477 shares. Tyson Foods has a 52-week low of $15.93 and a 52-week high of $32.40. The stock has a 50-day moving average of $29.62 and a 200-day moving average of $26.8. The company has a market cap of $10.108 billion and a P/E ratio of 14.63.
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 last year, the company posted $0.50 earnings per share. Tyson Foods’s revenue was up 5.7% compared to the same quarter last year. On average, analysts predict that Tyson Foods will post $2.23 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Ned Davis Research downgraded shares of Tyson Foods from a “buy” rating to a “neutral” rating in a research note to investors on Monday, September 30th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Tyson Foods in a research note to investors on Friday, September 27th. They now have a $30.00 price target on the stock. Finally, analysts at Merrill Lynch downgraded shares of Tyson Foods from a “buy” rating to a “neutral” rating in a research note to investors on Monday, August 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $31.45.
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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