Tyson Foods (NYSE:TSN) Raised to Buy at StockNews.com

Tyson Foods (NYSE:TSN) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

A number of other research analysts have also issued reports on TSN. Bank of America reduced their price objective on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. HSBC increased their price objective on shares of Tyson Foods from $48.00 to $51.00 and gave the stock a “reduce” rating in a report on Tuesday, May 7th. The Goldman Sachs Group increased their price objective on Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Barclays boosted their price target on Tyson Foods from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, BMO Capital Markets lifted their price objective on shares of Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $61.00.

Tyson Foods Stock Down 1.6 %

TSN stock traded down $0.97 during midday trading on Tuesday, hitting $61.54. 3,878,983 shares of the company’s stock were exchanged, compared to its average volume of 2,593,976. The firm has a 50 day moving average price of $57.61 and a 200-day moving average price of $57.23. The stock has a market capitalization of $21.97 billion, a price-to-earnings ratio of -34.57, a price-to-earnings-growth ratio of 0.46 and a beta of 0.74. Tyson Foods has a 12-month low of $44.94 and a 12-month high of $63.90. The company has a current ratio of 1.77, a quick ratio of 0.87 and a debt-to-equity ratio of 0.53.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.22. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The business had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.21 billion. During the same period in the prior year, the company posted $0.15 EPS. The business’s revenue was up 1.6% compared to the same quarter last year. On average, analysts anticipate that Tyson Foods will post 2.61 EPS for the current year.

Institutional Investors Weigh In On Tyson Foods

Institutional investors and hedge funds have recently modified their holdings of the stock. First Financial Corp IN acquired a new position in shares of Tyson Foods in the 1st quarter worth $35,000. Pittenger & Anderson Inc. acquired a new stake in Tyson Foods during the 1st quarter worth about $42,000. Lindbrook Capital LLC raised its holdings in Tyson Foods by 42.0% during the 1st quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock worth $43,000 after buying an additional 214 shares during the period. Stone House Investment Management LLC purchased a new stake in Tyson Foods during the fourth quarter valued at about $40,000. Finally, Mather Group LLC. acquired a new position in shares of Tyson Foods in the first quarter worth about $49,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

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.