Tyson Foods’ (TSN) Sector Perform Rating Reiterated at Royal Bank Of Canada
Tyson Foods, Inc. (NYSE:TSN)‘s stock had its “sector perform” rating reaffirmed by investment analysts at Royal Bank Of Canada in a note issued to investors on Friday. They currently have a $77.00 price objective on the stock, up from their prior price objective of $70.00. Royal Bank Of Canada’s price target would indicate a potential upside of 8.97% from the stock’s current price.
TSN has been the topic of several other research reports. BidaskClub downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Jefferies Group LLC restated a “buy” rating and issued a $75.00 price target on shares of Tyson Foods in a research report on Thursday, July 27th. Credit Suisse Group AG started coverage on shares of Tyson Foods in a research report on Wednesday, July 19th. They issued a “neutral” rating and a $65.00 price target on the stock. Mizuho restated a “buy” rating and issued a $76.00 price target (up from $71.00) on shares of Tyson Foods in a research report on Wednesday, August 9th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $78.00 price target (up from $75.00) on shares of Tyson Foods in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Tyson Foods presently has a consensus rating of “Buy” and an average price target of $72.96.
Tyson Foods (NYSE:TSN) traded down 0.58% during trading on Friday, reaching $70.66. 1,853,179 shares of the company’s stock were exchanged. Tyson Foods has a 1-year low of $55.72 and a 1-year high of $72.88. The company’s 50-day moving average is $65.87 and its 200-day moving average is $62.82. The company has a market capitalization of $25.92 billion, a PE ratio of 14.90 and a beta of 0.28.
Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, August 7th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.18 by $0.10. The firm had revenue of $9.85 billion for the quarter, compared to the consensus estimate of $9.49 billion. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 EPS. Equities research analysts expect that Tyson Foods will post $5.15 earnings per share for the current fiscal year.
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In other Tyson Foods news, Director Mikel A. Durham bought 2,809 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were acquired at an average cost of $65.77 per share, for a total transaction of $184,747.93. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Dennis Leatherby sold 145,100 shares of Tyson Foods stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $65.97, for a total transaction of $9,572,247.00. The disclosure for this sale can be found here. 2.65% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. Sun Life Financial INC boosted its position in shares of Tyson Foods by 21,000.0% during the 2nd quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock valued at $132,000 after acquiring an additional 2,100 shares in the last quarter. Washington Trust Bank lifted its holdings in Tyson Foods by 60.0% during the 2nd quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock valued at $140,000 after purchasing an additional 840 shares during the last quarter. Independent Portfolio Consultants Inc. lifted its holdings in Tyson Foods by 146.7% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,282 shares of the company’s stock valued at $143,000 after purchasing an additional 1,357 shares during the last quarter. IFP Advisors Inc lifted its holdings in Tyson Foods by 17.0% during the 2nd quarter. IFP Advisors Inc now owns 2,470 shares of the company’s stock valued at $155,000 after purchasing an additional 359 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its holdings in Tyson Foods by 62.9% during the 1st quarter. IHT Wealth Management LLC now owns 2,850 shares of the company’s stock valued at $177,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 71.89% of the company’s stock.
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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