Tyson Foods, Inc. (NYSE:TSN) Rating Reiterated by Pivotal Research
Tyson Foods, Inc. (NYSE:TSN)‘s stock had its “sell” rating reissued by equities researchers at Pivotal Research in a research note issued on Tuesday. They currently have a $40.00 target price on the stock. Pivotal Research’s price objective indicates a potential downside of 40.21% from the stock’s previous close.
The analysts wrote, “We see TSN’s valuation as keyed off the “growth company” view which we question. Margins across the face of the business are in decline. We don’t love the AdvancePierre deal and expect it to be a disappointment while still accretive to EPS.””
A number of other brokerages have also recently weighed in on TSN. Zacks Investment Research cut Tyson Foods from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. ValuEngine cut Tyson Foods from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC reissued a “buy” rating and set a $75.00 price objective on shares of Tyson Foods in a report on Thursday, July 27th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $76.00 price objective on shares of Tyson Foods in a report on Tuesday, May 9th. Finally, Vertical Research raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $68.38.
Shares of Tyson Foods (NYSE:TSN) opened at 66.90 on Tuesday. The company has a market capitalization of $24.55 billion, a PE ratio of 13.98 and a beta of 0.26. The stock’s 50 day moving average price is $61.67 and its 200 day moving average price is $62.03. Tyson Foods has a 12-month low of $55.72 and a 12-month high of $77.05.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.10. The firm had revenue of $9.85 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Tyson Foods had a return on equity of 18.55% and a net margin of 4.91%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 EPS. On average, equities research analysts forecast that Tyson Foods will post $5.01 earnings per share for the current year.
Several large investors have recently modified their holdings of the company. National Pension Service raised its stake in shares of Tyson Foods by 7.1% in the first quarter. National Pension Service now owns 265,039 shares of the company’s stock worth $16,337,000 after buying an additional 17,455 shares in the last quarter. Koch Industries Inc. acquired a new stake in shares of Tyson Foods during the first quarter worth $343,000. JPMorgan Chase & Co. raised its stake in shares of Tyson Foods by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 5,855,494 shares of the company’s stock worth $361,341,000 after buying an additional 558,104 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Tyson Foods during the first quarter worth $4,097,000. Finally, APG Asset Management N.V. raised its stake in shares of Tyson Foods by 10.3% in the second quarter. APG Asset Management N.V. now owns 3,784,280 shares of the company’s stock worth $237,009,000 after buying an additional 352,000 shares in the last quarter. Hedge funds and other institutional investors own 71.97% of the company’s stock.
About Tyson Foods
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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