Tyson Foods Given Consensus Rating of “Hold” by Brokerages (NYSE:TSN)
Tyson Foods (NYSE:TSN) has received an average rating of “Hold” from the thirteen brokerages that are covering the stock, Analyst RN reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $44.50.
Shares of Tyson Foods (NYSE:TSN) traded down 0.70% on Wednesday, hitting $38.1032. 395,829 shares of the company’s stock traded hands. Tyson Foods has a 52 week low of $27.33 and a 52 week high of $44.24. The stock has a 50-day moving average of $38.04 and a 200-day moving average of $39.61. The company has a market cap of $13.401 billion and a P/E ratio of 13.96. Tyson Foods also saw a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 21,759,546 shares, an increase of 42.0% from the July 31st total of 15,327,200 shares. Currently, 7.9% of the shares of the stock are sold short. Based on an average trading volume of 4,979,107 shares, the short-interest ratio is presently 4.4 days.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.75 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.78 by $0.03. The company had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.47 billion. During the same quarter last year, the company posted $0.69 earnings per share. Tyson Foods’s revenue was up 10.9% compared to the same quarter last year. Analysts expect that Tyson Foods will post $2.81 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Wednesday, November 26th.
TSN has been the subject of a number of recent research reports. Analysts at BB&T Corp. upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Friday, August 8th. They now have a $45.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Tyson Foods in a research note on Thursday, July 31st. They now have a $40.00 price target on the stock. Finally, analysts at Miller Tabak upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, July 29th.
Tyson Foods, Inc is a food production company. The Company produces, distributes and markets chicken, beef, pork, prepared foods and related allied products.
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