Tyson Foods (NYSE:TSN) Price Target Increased to $58.00 by Analysts at BMO Capital Markets

Tyson Foods (NYSE:TSN) had its target price raised by stock analysts at BMO Capital Markets from $55.00 to $58.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective indicates a potential downside of 0.65% from the stock’s previous close.

Several other analysts have also recently issued reports on TSN. StockNews.com raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. Piper Sandler upped their price target on shares of Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of Tyson Foods from $58.00 to $59.00 in a research note on Monday. Citigroup increased their price target on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Finally, Stephens restated an “overweight” rating and issued a $70.00 price target on shares of Tyson Foods in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $60.40.

Tyson Foods Stock Down 0.2 %

Shares of TSN stock traded down $0.12 during mid-day trading on Tuesday, hitting $58.38. The company’s stock had a trading volume of 1,746,187 shares, compared to its average volume of 2,851,347. The business has a 50-day moving average price of $57.80 and a 200 day moving average price of $53.53. Tyson Foods has a 52-week low of $44.94 and a 52-week high of $62.04. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49. The stock has a market cap of $20.80 billion, a price-to-earnings ratio of -23.66, a PEG ratio of 0.49 and a beta of 0.74.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, May 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.23. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The company had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $13.16 billion. During the same period in the previous year, the company earned ($0.04) EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. Research analysts predict that Tyson Foods will post 2.33 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Noel W. White sold 9,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the transaction, the director now directly owns 31,115 shares in the company, valued at approximately $1,672,431.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.05% of the company’s stock.

Institutional Investors Weigh In On Tyson Foods

Several large investors have recently made changes to their positions in TSN. Pzena Investment Management LLC increased its holdings in Tyson Foods by 79.2% in the 1st quarter. Pzena Investment Management LLC now owns 10,550,056 shares of the company’s stock worth $619,605,000 after acquiring an additional 4,662,332 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Tyson Foods by 6.2% during the 4th quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock valued at $555,541,000 after acquiring an additional 606,518 shares during the last quarter. FMR LLC boosted its position in shares of Tyson Foods by 16.1% during the 3rd quarter. FMR LLC now owns 7,448,930 shares of the company’s stock valued at $376,096,000 after acquiring an additional 1,034,915 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Tyson Foods by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,647,913 shares of the company’s stock valued at $357,325,000 after buying an additional 49,540 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Tyson Foods by 2.6% during the 3rd quarter. Northern Trust Corp now owns 5,228,277 shares of the company’s stock valued at $263,976,000 after buying an additional 134,778 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

About Tyson Foods

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 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; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.