Tyson Foods (NYSE:TSN) Given New $76.00 Price Target at Barclays

Tyson Foods (NYSE:TSN) had its price target lifted by Barclays from $72.00 to $76.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 14.30% from the company’s previous close.

Several other research firms have also issued reports on TSN. JPMorgan Chase & Co. boosted their price target on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. BMO Capital Markets boosted their price target on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, August 6th. Finally, Bank of America cut their price target on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. One equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $61.44.

Tyson Foods Stock Performance

Shares of TSN traded up $0.62 during trading hours on Monday, hitting $66.49. The stock had a trading volume of 84,988 shares, compared to its average volume of 2,548,865. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. Tyson Foods has a 12 month low of $44.94 and a 12 month high of $66.49. The firm has a market capitalization of $23.66 billion, a PE ratio of -37.21, a PEG ratio of 0.46 and a beta of 0.78. The stock has a fifty day moving average price of $60.97 and a 200 day moving average price of $58.80.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.65 by $0.22. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The company had revenue of $13.35 billion during the quarter, compared to analyst estimates of $13.21 billion. During the same quarter in the previous year, the company posted $0.15 earnings per share. Tyson Foods’s revenue was up 1.6% compared to the same quarter last year. Analysts anticipate that Tyson Foods will post 2.82 EPS for the current year.

Institutional Investors Weigh In On Tyson Foods

A number of hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in shares of Tyson Foods in the second quarter worth about $1,284,000. New Wave Wealth Advisors LLC purchased a new stake in shares of Tyson Foods in the second quarter worth about $5,434,000. B. Riley Wealth Advisors Inc. lifted its position in shares of Tyson Foods by 51.7% in the second quarter. B. Riley Wealth Advisors Inc. now owns 7,551 shares of the company’s stock worth $431,000 after buying an additional 2,575 shares in the last quarter. Creative Planning lifted its position in shares of Tyson Foods by 110.3% in the second quarter. Creative Planning now owns 67,958 shares of the company’s stock worth $3,883,000 after buying an additional 35,649 shares in the last quarter. Finally, Copperwynd Financial LLC lifted its position in shares of Tyson Foods by 12.1% in the second quarter. Copperwynd Financial LLC now owns 11,492 shares of the company’s stock worth $700,000 after buying an additional 1,244 shares in the last quarter. 67.00% of the stock is currently 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.