Tyson Foods, Inc. (TSN) Given Consensus Recommendation of “Buy” by Analysts

Shares of Tyson Foods, Inc. (NYSE:TSN) have earned an average recommendation of “Buy” from the twenty brokerages that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $79.70.

A number of equities research analysts recently commented on TSN shares. Piper Jaffray Companies started coverage on shares of Tyson Foods in a report on Thursday, January 4th. They set an “overweight” rating and a $94.00 target price on the stock. KeyCorp reissued a “buy” rating and set a $88.00 target price on shares of Tyson Foods in a report on Thursday, December 21st. Zacks Investment Research cut shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 6th. ValuEngine raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Monday, November 20th. Finally, 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 report on Wednesday, November 15th.

In related news, insider Noel W. White sold 24,575 shares of the company’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $80.96, for a total value of $1,989,592.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott Rouse sold 1,000 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $77.26, for a total transaction of $77,260.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 397,342 shares of company stock worth $32,702,254. Insiders own 1.55% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Sun Life Financial INC grew its position in Tyson Foods by 21,000.0% in the second quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock worth $132,000 after acquiring an additional 2,100 shares in the last quarter. Stevens First Principles Investment Advisors purchased a new position in Tyson Foods in the third quarter worth $141,000. Archford Capital Strategies LLC grew its position in Tyson Foods by 27,492.3% in the second quarter. Archford Capital Strategies LLC now owns 3,587 shares of the company’s stock worth $149,000 after acquiring an additional 3,574 shares in the last quarter. Horan Capital Advisors LLC. purchased a new position in Tyson Foods in the third quarter worth $155,000. Finally, Cadence Bank NA purchased a new position in Tyson Foods in the third quarter worth $200,000. Institutional investors own 71.33% of the company’s stock.

Tyson Foods (NYSE:TSN) traded up $0.88 during trading hours on Tuesday, hitting $81.71. 1,472,100 shares of the company were exchanged, compared to its average volume of 2,075,360. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.55 and a quick ratio of 0.75. The company has a market cap of $30,220.00, a PE ratio of 17.06 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 results on Monday, November 13th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.05. The company had revenue of $10.15 billion for the quarter, compared to analysts’ expectations 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 firm posted $0.96 EPS. sell-side analysts anticipate that Tyson Foods will post 5.82 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a $0.30 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $1.20 annualized dividend and a dividend yield of 1.47%. This is a boost from Tyson Foods’s previous quarterly dividend of $0.23. Tyson Foods’s dividend payout ratio is presently 25.05%.

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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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