Tyson Foods, Inc. (TSN) Stock Rating Reaffirmed by Fundamental Research
Tyson Foods, Inc. (NYSE:TSN)‘s stock had its “buy” rating reissued by equities research analysts at Fundamental Research in a research report issued on Thursday, StockTargetPrices.com reports. They currently have a $1.82 target price on the stock. Fundamental Research’s price objective would suggest a potential downside of 97.23% from the stock’s current price.
A number of other brokerages have also weighed in on TSN. Zacks Investment Research lowered Tyson Foods from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Pivotal Research reaffirmed a “sell” rating and issued a $40.00 price objective on shares of Tyson Foods in a report on Tuesday, August 8th. ValuEngine lowered Tyson Foods from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $76.00 price objective on shares of Tyson Foods in a report on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Tyson Foods presently has a consensus rating of “Buy” and a consensus price target of $64.56.
Shares of Tyson Foods (NYSE:TSN) traded down 0.90% during mid-day trading on Thursday, hitting $65.06. The stock had a trading volume of 1,162,735 shares. Tyson Foods has a 52-week low of $55.72 and a 52-week high of $77.05. The firm has a 50 day moving average price of $62.61 and a 200 day moving average price of $62.24. The firm has a market cap of $23.87 billion, a PE ratio of 13.72 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.10. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The company had revenue of $9.85 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the company earned $1.21 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities analysts predict that Tyson Foods will post $5.06 EPS for the current year.
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In other news, Director Mikel A. Durham purchased 2,809 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were acquired at an average price of $65.77 per share, with a total value of $184,747.93. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Dennis Leatherby sold 145,100 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $65.97, for a total value of $9,572,247.00. The disclosure for this sale can be found here. 2.65% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in TSN. Financial Counselors Inc. raised its stake in Tyson Foods by 0.3% in the second quarter. Financial Counselors Inc. now owns 4,799 shares of the company’s stock worth $301,000 after buying an additional 15 shares during the last quarter. Jaffetilchin Investment Partners LLC raised its stake in Tyson Foods by 0.3% in the first quarter. Jaffetilchin Investment Partners LLC now owns 7,039 shares of the company’s stock worth $434,000 after buying an additional 24 shares during the last quarter. Smith Salley & Associates raised its stake in Tyson Foods by 0.8% in the first quarter. Smith Salley & Associates now owns 3,628 shares of the company’s stock worth $224,000 after buying an additional 28 shares during the last quarter. Meiji Yasuda Life Insurance Co raised its stake in Tyson Foods by 0.5% in the first quarter. Meiji Yasuda Life Insurance Co now owns 20,580 shares of the company’s stock worth $1,270,000 after buying an additional 100 shares during the last quarter. Finally, CrestPoint Capital Management LLC raised its stake in Tyson Foods by 0.5% in the second quarter. CrestPoint Capital Management LLC now owns 21,100 shares of the company’s stock worth $1,321,000 after buying an additional 100 shares during the last quarter. 71.05% of the stock is currently owned by institutional investors and hedge funds.
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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