Vetr Inc. Downgrades Tyson Foods Inc. (TSN) to Strong Sell
Tyson Foods Inc. (NYSE:TSN) was downgraded by stock analysts at Vetr from a “sell” rating to a “strong sell” rating in a research note issued to investors on Monday. They presently have a $61.30 price target on the stock. Vetr‘s target price would indicate a potential downside of 13.05% from the stock’s current price.
Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. restated a “focus list” rating on shares of Tyson Foods in a report on Tuesday, October 4th. Pivotal Research downgraded Tyson Foods from a “buy” rating to a “sell” rating and lowered their price target for the stock from $100.00 to $40.00 in a report on Friday. Jefferies Group increased their price target on Tyson Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a report on Tuesday, August 9th. Finally, RBC Capital Markets restated a “sector perform” rating and issued a $72.00 price target (up from $68.00) on shares of Tyson Foods in a report on Friday, August 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $67.38.
Shares of Tyson Foods (NYSE:TSN) traded up 4.06% during midday trading on Monday, hitting $70.50. The stock had a trading volume of 5,460,472 shares. Tyson Foods has a one year low of $42.89 and a one year high of $77.05. The firm’s 50-day moving average is $74.59 and its 200 day moving average is $69.19. The company has a market capitalization of $26.94 billion, a PE ratio of 17.14 and a beta of 0.26.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/10/vetr-inc-downgrades-tyson-foods-inc-tsn-to-strong-sell.html
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 8th. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.15. The business earned $9.40 billion during the quarter, compared to the consensus estimate of $9.32 billion. Tyson Foods had a return on equity of 17.29% and a net margin of 4.28%. The firm’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 earnings per share. Equities analysts expect that Tyson Foods will post $4.53 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a $0.15 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.85%. Tyson Foods’s payout ratio is 14.53%.
In other news, Chairman John H. Tyson sold 282,478 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $74.22, for a total value of $20,965,517.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert C. Thurber sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $74.93, for a total value of $337,185.00. The disclosure for this sale can be found here. 2.69% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in TSN. IFP Advisors Inc boosted its stake in Tyson Foods by 22.6% in the first quarter. IFP Advisors Inc now owns 1,945 shares of the company’s stock worth $130,000 after buying an additional 359 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Tyson Foods by 103.7% in the first quarter. JPMorgan Chase & Co. now owns 3,916,007 shares of the company’s stock worth $261,043,000 after buying an additional 1,993,213 shares during the last quarter. Advisor Partners LLC acquired a new stake in Tyson Foods during the first quarter worth about $221,000. Landscape Capital Management L.L.C. boosted its stake in Tyson Foods by 47.0% in the first quarter. Landscape Capital Management L.L.C. now owns 22,200 shares of the company’s stock worth $1,480,000 after buying an additional 7,100 shares during the last quarter. Finally, Menta Capital LLC acquired a new stake in Tyson Foods during the first quarter worth about $2,286,000. 74.07% of the stock is owned by institutional investors.
About Tyson Foods
Tyson Foods, Inc is a food company. The Company is engaged in offering chicken, beef and pork, as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Tyson Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods Inc. and related companies with MarketBeat.com's FREE daily email newsletter.