Tyson Foods, Inc. (NYSE:TSN – Get Free Report) has been given a consensus rating of “Hold” by the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $60.00.
TSN has been the subject of a number of research reports. BMO Capital Markets increased their target price on Tyson Foods from $55.00 to $58.00 and gave the company a “market perform” rating in a research report on Tuesday, May 7th. StockNews.com downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research report on Saturday, July 20th. Barclays upgraded Tyson Foods from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $53.00 to $69.00 in a research report on Tuesday, April 16th. Citigroup raised their price target on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Finally, Piper Sandler raised their price target on Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th.
Check Out Our Latest Stock Report on TSN
Hedge Funds Weigh In On Tyson Foods
Tyson Foods Trading Down 0.2 %
TSN stock opened at $60.86 on Thursday. Tyson Foods has a 1-year low of $44.94 and a 1-year high of $62.04. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 0.87. The company has a market capitalization of $21.73 billion, a price-to-earnings ratio of -34.19, a PEG ratio of 0.46 and a beta of 0.74. The business has a 50 day simple moving average of $57.51 and a two-hundred day simple moving average of $56.99.
Tyson Foods (NYSE:TSN – Get Free Report) last posted its earnings results on Monday, May 6th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.23. The firm had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.16 billion. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) EPS. Research analysts anticipate that Tyson Foods will post 2.61 EPS for the current fiscal year.
Tyson Foods Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.96 annualized dividend and a dividend yield of 3.22%. Tyson Foods’s dividend payout ratio is currently -110.11%.
Tyson Foods Company Profile
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.
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