Credit Suisse Group Begins Coverage on Tyson Foods, Inc. (NYSE:TSN)
Investment analysts at Credit Suisse Group started coverage on shares of Tyson Foods, Inc. (NYSE:TSN) in a research report issued on Wednesday, MarketBeat reports. The brokerage set a “neutral” rating and a $65.00 price target on the stock. Credit Suisse Group’s price objective would suggest a potential upside of 5.04% from the company’s previous close.
A number of other research analysts have also issued reports on TSN. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Thursday, April 27th. Jefferies Group LLC restated a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research report on Monday, April 3rd. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $76.00 target price on shares of Tyson Foods in a research report on Tuesday, May 9th. J P Morgan Chase & Co increased their target price on shares of Tyson Foods from $62.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, June 26th. Finally, BMO Capital Markets restated a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research report on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $69.04.
Shares of Tyson Foods (NYSE TSN) traded up 1.56% on Wednesday, hitting $61.88. The stock had a trading volume of 1,747,119 shares. The firm’s 50-day moving average is $60.96 and its 200-day moving average is $62.01. Tyson Foods has a one year low of $55.72 and a one year high of $77.05. The company has a market cap of $22.71 billion, a price-to-earnings ratio of 12.93 and a beta of 0.25.
Tyson Foods (NYSE:TSN) last released 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. The company had revenue of $9.08 billion during the quarter, compared to the consensus estimate of $9.07 billion. Tyson Foods had a net margin of 4.91% and a return on equity of 18.55%. The firm’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 earnings per share. On average, analysts expect that Tyson Foods will post $5.03 EPS for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its position in Tyson Foods by 9.4% in the first quarter. IFP Advisors Inc now owns 2,111 shares of the company’s stock valued at $130,000 after buying an additional 182 shares during the last quarter. Washington Trust Bank increased its position in shares of Tyson Foods by 60.0% in the second quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock worth $140,000 after buying an additional 840 shares in the last quarter. Independent Portfolio Consultants Inc. increased its position in shares of Tyson Foods by 146.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,282 shares of the company’s stock worth $143,000 after buying an additional 1,357 shares in the last quarter. IHT Wealth Management LLC increased 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 in the last quarter. Finally, Harbour Capital Advisors LLC purchased a new position in shares of Tyson Foods during the first quarter worth $196,000. 71.59% of the stock is owned by hedge funds and other institutional investors.
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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