Tyson Foods, Inc. (TSN) Price Target Raised to $70.00
Tyson Foods, Inc. (NYSE:TSN) had its price target boosted by investment analysts at Royal Bank Of Canada from $68.00 to $70.00 in a research note issued to investors on Tuesday. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 7.66% from the company’s current price.
A number of other equities analysts have also weighed in on TSN. Pivotal Research reiterated a “sell” rating and issued a $40.00 price objective on shares of Tyson Foods in a research report on Tuesday. Credit Suisse Group set a $70.00 price objective on shares of Tyson Foods and gave the company a “neutral” rating in a research report on Tuesday. BidaskClub lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Zacks Investment Research lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Vertical Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Tyson Foods has an average rating of “Buy” and a consensus price target of $68.54.
Tyson Foods (NYSE TSN) traded down 2.81% during mid-day trading on Tuesday, reaching $65.02. 6,010,436 shares of the company’s stock traded hands. Tyson Foods has a 52 week low of $55.72 and a 52 week high of $77.05. The stock has a market capitalization of $23.86 billion, a PE ratio of 13.58 and a beta of 0.26. The stock’s 50 day moving average is $61.67 and its 200-day moving average is $62.03.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.10. Tyson Foods had a net margin of 4.91% and a return on equity of 18.55%. The firm had revenue of $9.85 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period last year, the firm posted $1.21 EPS. Tyson Foods’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities analysts anticipate that Tyson Foods will post $5.01 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFC Holdings Incorporated FL boosted its stake in shares of Tyson Foods by 6.8% in the first quarter. IFC Holdings Incorporated FL now owns 4,757 shares of the company’s stock valued at $295,000 after buying an additional 303 shares in the last quarter. Glen Harbor Capital Management LLC boosted its stake in shares of Tyson Foods by 8.9% in the first quarter. Glen Harbor Capital Management LLC now owns 468,554 shares of the company’s stock valued at $28,915,000 after buying an additional 38,250 shares in the last quarter. DnB Asset Management AS boosted its stake in shares of Tyson Foods by 17.4% in the first quarter. DnB Asset Management AS now owns 39,858 shares of the company’s stock valued at $2,460,000 after buying an additional 5,900 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Tyson Foods during the first quarter valued at about $1,920,000. Finally, Hexavest Inc. acquired a new stake in shares of Tyson Foods during the first quarter valued at about $62,890,000. 71.97% of the stock is owned by institutional investors and hedge funds.
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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