Share on StockTwits

Tyson Foods (NYSE:TSN) was downgraded by equities researchers at Citigroup Inc. from a “buy” rating to a “hold” rating in a research report issued on Friday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.

Shares of Tyson Foods (NYSE:TSN) opened at 40.90 on Friday. Tyson Foods has a 1-year low of $24.74 and a 1-year high of $44.24. The stock’s 50-day moving average is $41.19 and its 200-day moving average is $37.93. The company has a market cap of $14.250 billion and a P/E ratio of 15.36. Tyson Foods also saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 11,398,805 shares, a growth of 36.1% from the April 30th total of 8,376,068 shares. Based on an average daily trading volume, of 3,814,815 shares, the days-to-cover ratio is presently 3.0 days. Currently, 4.2% of the shares of the stock are short sold.

Tyson Foods (NYSE:TSN) last released its earnings data 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 $2.89 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 0.73%. The ex-dividend date of this dividend is Wednesday, August 27th.

Several other analysts have also recently commented on the stock. Analysts at BB&T Corp. downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Friday. Separately, 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, May 6th. They now have a “neutral” rating on the stock. Finally, 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. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $41.43.

In other Tyson Foods news, EVP Ken Kimbro sold 2,488 shares of Tyson Foods stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $41.54, for a total transaction of $103,351.52. The transaction was disclosed in a filing with the SEC, which is available at this link.

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.

The Fly On The Wall

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.