Tyson Foods, Inc. (TSN) Given Consensus Rating of “Hold” by Analysts
Tyson Foods, Inc. (NYSE:TSN) has received a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $69.50.
Several equities research analysts have recently weighed in on the company. BidaskClub upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Vertical Research upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. ValuEngine cut Tyson Foods from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BMO Capital Markets reiterated a “buy” rating and set a $75.00 price target on shares of Tyson Foods in a research report on Thursday, June 15th. Finally, Barclays PLC assumed coverage on Tyson Foods in a research report on Tuesday, June 6th. They set an “overweight” rating and a $70.00 price target on the stock.
Shares of Tyson Foods (TSN) traded up 1.7135% during midday trading on Friday, hitting $62.7776. 706,676 shares of the stock traded hands. The firm has a 50-day moving average price of $59.70 and a 200-day moving average price of $62.06. The stock has a market capitalization of $23.04 billion, a P/E ratio of 13.1142 and a beta of 0.22. Tyson Foods has a 52 week low of $55.72 and a 52 week high of $77.05.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, May 8th. The company reported $1.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.05. Tyson Foods had a net margin of 4.91% and a return on equity of 18.55%. The company had revenue of $9.08 billion for the quarter, compared to the consensus estimate of $9.07 billion. During the same quarter in the prior year, the company earned $1.07 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. On average, equities analysts predict that Tyson Foods will post $4.99 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, August 30th. Tyson Foods’s payout ratio is currently 18.79%.
A number of hedge funds and other institutional investors have recently modified their holdings of TSN. Sowell Financial Services LLC boosted its position in shares of Tyson Foods by 320.8% in the first quarter. Sowell Financial Services LLC now owns 4,540 shares of the company’s stock worth $265,000 after buying an additional 3,461 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Tyson Foods by 2,655.1% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 1,216,095 shares of the company’s stock worth $75,045,000 after buying an additional 1,171,956 shares during the last quarter. Achmea Investment Management B.V. acquired a new position in shares of Tyson Foods during the first quarter worth approximately $5,058,000. Bank of Nova Scotia boosted its position in shares of Tyson Foods by 4,445.3% in the first quarter. Bank of Nova Scotia now owns 299,584 shares of the company’s stock worth $18,488,000 after buying an additional 292,993 shares during the last quarter. Finally, IHT Wealth Management LLC boosted its position in shares of Tyson Foods by 62.9% in the first quarter. IHT Wealth Management LLC now owns 2,850 shares of the company’s stock worth $177,000 after buying an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 71.41% of the company’s stock.
Tyson Foods Company Profile
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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