Equities researchers at Piper Jaffray Companies began coverage on shares of Tyson Foods (NYSE:TSN) in a note issued to investors on Thursday. The brokerage set an “overweight” rating and a $94.00 price target on the stock. Piper Jaffray Companies’ price objective would indicate a potential upside of 17.18% from the company’s previous close.

Several other analysts also recently weighed in on the stock. KeyCorp reissued a “buy” rating and set a $88.00 target price on shares of Tyson Foods in a research report on Thursday, December 21st. Zacks Investment Research downgraded shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 6th. ValuEngine raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 20th. raised shares of Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 target price on the stock in a research report on Wednesday, November 15th. Finally, Argus raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Wednesday, November 15th. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Tyson Foods presently has an average rating of “Buy” and a consensus target price of $75.25.

Tyson Foods (TSN) opened at $80.22 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.75 and a current ratio of 1.55. The company has a market cap of $29,470.00, a P/E ratio of 16.75 and a beta of 0.36. Tyson Foods has a 52 week low of $57.20 and a 52 week high of $84.65.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, November 13th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.38 by $0.05. The firm had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.93 billion. Tyson Foods had a net margin of 4.64% and a return on equity of 19.64%. Tyson Foods’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 EPS. analysts forecast that Tyson Foods will post 5.82 earnings per share for the current year.

In other news, insider Scott Rouse sold 1,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $77.26, for a total value of $77,260.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Bebber David L. Van sold 164,348 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $83.26, for a total transaction of $13,683,614.48. The disclosure for this sale can be found here. Insiders sold a total of 397,342 shares of company stock worth $32,702,254 over the last ninety days. Insiders own 2.65% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Koch Industries Inc. boosted its holdings in Tyson Foods by 13,862.2% during the second quarter. Koch Industries Inc. now owns 776,858 shares of the company’s stock worth $765,000 after buying an additional 771,294 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Tyson Foods by 2,014.3% during the third quarter. Assenagon Asset Management S.A. now owns 319,534 shares of the company’s stock worth $22,511,000 after buying an additional 304,421 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its holdings in Tyson Foods by 130.5% during the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 241,411 shares of the company’s stock worth $15,849,000 after buying an additional 136,695 shares in the last quarter. TIAA FSB purchased a new stake in Tyson Foods during the third quarter worth $3,813,000. Finally, BT Investment Management Ltd purchased a new stake in Tyson Foods during the second quarter worth $15,974,000. 71.33% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Tyson Foods (NYSE:TSN)

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