Tyson Foods (TSN) Upgraded to “Buy” at ValuEngine

Tyson Foods (NYSE:TSN) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Wednesday, March 7th.

Several other analysts have also recently commented on the stock. Buckingham Research began coverage on shares of Tyson Foods in a research report on Wednesday, February 21st. They set a “neutral” rating and a $82.00 target price for the company. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Monday, February 12th. Credit Suisse Group set a $78.00 price objective on shares of Tyson Foods and gave the company a “hold” rating in a research report on Friday, February 9th. Piper Jaffray set a $92.00 price objective on shares of Tyson Foods and gave the company a “buy” rating in a research report on Friday, February 9th. Finally, Mizuho set a $92.00 price objective on shares of Tyson Foods and gave the company a “buy” rating in a research report on Friday, February 9th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $76.70.

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NYSE:TSN traded up $0.26 during trading hours on Wednesday, hitting $73.19. 2,172,155 shares of the stock were exchanged, compared to its average volume of 2,061,463. The company has a market cap of $26,933.92, a price-to-earnings ratio of 13.78, a P/E/G ratio of 1.00 and a beta of 0.20. Tyson Foods has a twelve month low of $57.20 and a twelve month high of $84.65. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.51.

Tyson Foods (NYSE:TSN) last issued its earnings results on Thursday, February 8th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.51 by $0.30. The company had revenue of $10.23 billion during the quarter, compared to analysts’ expectations of $9.88 billion. Tyson Foods had a net margin of 7.15% and a return on equity of 19.25%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.59 EPS. equities analysts predict that Tyson Foods will post 6.65 EPS for the current fiscal year.

In related news, Director Jeffrey K. Schomburger acquired 2,700 shares of the business’s stock in a transaction on Friday, February 9th. The stock was purchased at an average cost of $74.83 per share, for a total transaction of $202,041.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gaurdie E. Jr. Banister sold 7,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $75.56, for a total transaction of $589,368.00. The disclosure for this sale can be found here. Company insiders own 2.65% of the company’s stock.

A number of hedge funds have recently modified their holdings of TSN. BlackRock Inc. lifted its position in Tyson Foods by 10.6% during the fourth quarter. BlackRock Inc. now owns 22,658,190 shares of the company’s stock worth $1,836,900,000 after acquiring an additional 2,168,652 shares during the last quarter. Wells Fargo & Company MN lifted its position in Tyson Foods by 98.3% during the fourth quarter. Wells Fargo & Company MN now owns 4,106,832 shares of the company’s stock worth $332,940,000 after acquiring an additional 2,035,714 shares during the last quarter. Iridian Asset Management LLC CT increased its holdings in shares of Tyson Foods by 64.4% during the third quarter. Iridian Asset Management LLC CT now owns 4,833,048 shares of the company’s stock worth $340,488,000 after purchasing an additional 1,893,438 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Tyson Foods by 12.5% during the third quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock worth $621,587,000 after purchasing an additional 980,069 shares during the period. Finally, Amundi Pioneer Asset Management Inc. bought a new position in shares of Tyson Foods during the fourth quarter worth approximately $49,716,000. Hedge funds and other institutional investors own 71.37% of the company’s stock.

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About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Tyson Foods (NYSE:TSN)

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