Tyson Foods (NYSE:TSN) Stock Price Up 0.3% After Analyst Upgrade

Share on StockTwits

Tyson Foods, Inc. (NYSE:TSN) rose 0.3% during mid-day trading on Wednesday after Bank of America raised their price target on the stock from $97.00 to $98.00. Bank of America currently has a buy rating on the stock. Tyson Foods traded as high as $89.22 and last traded at $89.11, approximately 2,526,105 shares traded hands during trading. A decline of 8% from the average daily volume of 2,732,422 shares. The stock had previously closed at $88.88.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. set a $83.00 price objective on shares of Tyson Foods and gave the company a “hold” rating in a report on Monday, August 12th. Stephens set a $95.00 price objective on shares of Tyson Foods and gave the company a “buy” rating in a report on Wednesday, September 4th. BMO Capital Markets boosted their price objective on shares of Tyson Foods from $90.00 to $98.00 and gave the company an “outperform” rating in a report on Wednesday. Credit Suisse Group boosted their price objective on shares of Tyson Foods from $96.00 to $98.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. Finally, Mizuho boosted their price objective on shares of Tyson Foods from $89.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $88.42.

Institutional investors have recently added to or reduced their stakes in the company. Grantham Mayo Van Otterloo & Co. LLC acquired a new position in shares of Tyson Foods in the second quarter valued at approximately $9,537,000. BB&T Securities LLC boosted its holdings in shares of Tyson Foods by 18.1% in the second quarter. BB&T Securities LLC now owns 30,812 shares of the company’s stock valued at $2,487,000 after buying an additional 4,721 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in shares of Tyson Foods in the second quarter valued at approximately $24,222,000. BB&T Corp boosted its holdings in shares of Tyson Foods by 24.4% in the third quarter. BB&T Corp now owns 86,375 shares of the company’s stock valued at $7,440,000 after buying an additional 16,941 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of Tyson Foods by 4.4% in the second quarter. BlackRock Inc. now owns 20,908,859 shares of the company’s stock valued at $1,688,183,000 after buying an additional 872,367 shares during the period. Institutional investors own 69.22% of the company’s stock.

The company has a market cap of $30.17 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 3.13 and a beta of 0.43. The company has a quick ratio of 0.59, a current ratio of 1.33 and a debt-to-equity ratio of 0.74. The company’s fifty day moving average price is $82.82 and its two-hundred day moving average price is $82.73.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Tuesday, November 12th. The company reported $1.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.02). The company had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.93 billion. Tyson Foods had a net margin of 5.27% and a return on equity of 15.92%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.58 EPS. On average, equities research analysts predict that Tyson Foods, Inc. will post 6.58 earnings per share for the current fiscal year.

About Tyson Foods (NYSE:TSN)

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.

Featured Story: How to start trading in the forex market?

Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.