Short Interest in Tyson Foods Drops By 34.4% (TSN)
Shares of Tyson Foods (NYSE:TSN) were the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 8,870,016 shares, a decrease of 34.4% from the March 31st total of 13,526,129 shares, Analyst RN reports. Approximately 3.3% of the company’s shares are sold short. Based on an average daily volume of 4,124,380 shares, the short-interest ratio is currently 2.2 days.
A number of research firms have recently commented on TSN. Analysts at JPMorgan Chase & Co. cut their price target on shares of Tyson Foods from $45.00 to $42.00 in a research note on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at BMO Capital Markets downgraded shares of Tyson Foods from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 29th. They now have a $43.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Zacks upgraded shares of Tyson Foods from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 1st. They now have a $53.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Tyson Foods has an average rating of “Hold” and a consensus price target of $40.88.
Tyson Foods (NYSE:TSN) opened at 39.16 on Friday. Tyson Foods has a one year low of $24.48 and a one year high of $44.24. The stock has a 50-day moving average of $41.98 and a 200-day moving average of $36.1. The company has a market cap of $13.326 billion and a price-to-earnings ratio of 16.67.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.60 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.63 by $0.03. The company had revenue of $9.03 billion for the quarter, compared to the consensus estimate of $8.85 billion. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Analysts expect that Tyson Foods will post $2.91 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Wednesday, August 27th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.