Tyson Foods Short Interest Up 42.0% in August (TSN)
Tyson Foods (NYSE:TSN) was the recipient of a large increase in short interest during 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, Analyst Ratings News reports. Currently, 7.9% of the company’s shares are short sold. Based on an average trading volume of 4,979,107 shares, the short-interest ratio is presently 4.4 days.
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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $44.50.
Tyson Foods (NYSE:TSN) opened at 37.39 on Friday. Tyson Foods has a 1-year low of $27.33 and a 1-year high of $44.24. The stock’s 50-day moving average is $37.94 and its 200-day moving average is $39.58. The company has a market cap of $13.150 billion and a price-to-earnings ratio of 13.75.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. 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. Investors 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 0.80%. The ex-dividend date is Wednesday, November 26th.
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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