Several brokerages have updated their recommendations and price targets on shares of Tyson Foods (NYSE: TSN) in the last few weeks:

  • 10/3/2017 – Tyson Foods had its price target raised by analysts at Jefferies Group LLC from $75.00 to $82.00. They now have a “buy” rating on the stock.
  • 10/2/2017 – Tyson Foods had its price target raised by analysts at Barclays PLC from $75.00 to $80.00. They now have an “overweight” rating on the stock.
  • 10/2/2017 – Tyson Foods had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $76.00 price target on the stock.
  • 10/1/2017 – Tyson Foods had its “neutral” rating reaffirmed by analysts at Credit Suisse Group. They now have a $75.00 price target on the stock, up previously from $70.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 8/28/2017 – Tyson Foods was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Tyson Foods’ shares have been underperforming the broader industry over the past six months. While the company’s growth is mainly driven by acquisitions, increased demand of chicken and strong focus in protein packed brands, stressed margins owing to rising costs and higher wages remain its woes. We note that Tyson Foods’ margins remains exposed to rising operational costs as a result of increasing investments to improve supply and higher wage costs. Nevertheless, the acquisition of AdvancePierre, divestment of non-protein businesses, focus on growth categories and channels and the recent investment in the poultry plant are in-line with the company’s strategy to expand its protein-packed brands. The company’s recent upbeat third-quarter fiscal 2017 results also benefitted from the strong performance of its segments, improved availability of cattle supply and higher exports.”
  • 8/26/2017 – Tyson Foods was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/17/2017 – Tyson Foods had its “buy” rating reaffirmed by analysts at Fundamental Research.
  • 8/14/2017 – Tyson Foods was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/10/2017 – Tyson Foods had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $78.00 price target on the stock, up previously from $75.00.
  • 8/10/2017 – Tyson Foods was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $73.00 price target on the stock. According to Zacks, “Tyson Foods posted strong third-quarter fiscal 2017 results, wherein both earnings and sales surpassed estimates. The results mainly benefitted from the strong performance of its segments, primarily Beef and Chicken. Improved availability of cattle supply and higher exports aided growth across its segments during the quarter. Shares also outperform the broader industry over the past three months. Tyson Foods has also been focusing on acquisitions to expand its portfolio. During the third quarter the company witnessed acquisition related synergies from AdvancePierre that aided enhancing volumes in the Prepared Food segment. Additionally, the company has also been putting efforts towards improving protein-packed brands through innovation. However, Tyson Foods’ margins remains exposed to rising operational costs as a result of increasing investments.”
  • 8/9/2017 – Tyson Foods had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $76.00 price target on the stock, up previously from $71.00.
  • 8/8/2017 – Tyson Foods was given a new $70.00 price target on by analysts at Credit Suisse Group. They now have a “neutral” rating on the stock.
  • 8/8/2017 – Tyson Foods had its “sell” rating reaffirmed by analysts at Pivotal Research. They now have a $40.00 price target on the stock. They 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.””
  • 8/8/2017 – Tyson Foods had its price target raised by analysts at Royal Bank Of Canada from $68.00 to $70.00. They now have a “sector perform” rating on the stock.

Tyson Foods, Inc. (TSN) traded up 0.49% during midday trading on Tuesday, hitting $71.34. 2,077,882 shares of the stock traded hands. Tyson Foods, Inc. has a 1-year low of $55.72 and a 1-year high of $75.33. The stock has a market cap of $26.17 billion, a PE ratio of 15.04 and a beta of 0.27. The company has a 50-day moving average of $65.40 and a 200-day moving average of $62.62.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, August 7th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.10. The business had revenue of $9.85 billion for the quarter, compared to analyst estimates of $9.49 billion. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. Tyson Foods’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.21 earnings per share. On average, equities analysts expect that Tyson Foods, Inc. will post $5.14 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.225 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.26%. Tyson Foods’s dividend payout ratio is currently 18.95%.

In related news, CFO Dennis Leatherby sold 145,100 shares of the firm’s stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mikel A. Durham bought 2,809 shares of Tyson Foods stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average cost of $65.77 per share, with a total value of $184,747.93. The disclosure for this purchase can be found here. 2.65% of the stock is currently owned by company insiders.

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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