Tyson Foods (NYSE:TSN) Price Target Raised to $62.00 at BMO Capital Markets

Tyson Foods (NYSE:TSN) had its price target raised by equities researchers at BMO Capital Markets from $60.00 to $62.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ target price points to a potential downside of 3.14% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. Piper Sandler cut Tyson Foods from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $57.00 to $50.00 in a research note on Wednesday, September 25th. Stephens raised their price target on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Barclays upped their target price on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Finally, Bank of America dropped their price target on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $60.67.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $64.01 on Wednesday. The stock has a market cap of $22.78 billion, a price-to-earnings ratio of 28.45, a P/E/G ratio of 0.40 and a beta of 0.78. Tyson Foods has a twelve month low of $46.51 and a twelve month high of $66.88. The company’s fifty day moving average is $60.09 and its 200 day moving average is $59.69. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, insider Wes Morris sold 22,783 shares of Tyson Foods stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total value of $1,428,721.93. Following the transaction, the insider now directly owns 15,937 shares of the company’s stock, valued at $999,409.27. The trade was a 58.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.05% of the company’s stock.

Institutional Investors Weigh In On Tyson Foods

Large investors have recently modified their holdings of the stock. Catalyst Capital Advisors LLC lifted its stake in shares of Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after purchasing an additional 210 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Tyson Foods during the third quarter valued at $36,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Tyson Foods by 301.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after buying an additional 561 shares during the period. Hantz Financial Services Inc. bought a new position in shares of Tyson Foods in the 2nd quarter worth about $54,000. Finally, Northwest Investment Counselors LLC purchased a new position in Tyson Foods during the 3rd quarter valued at about $59,000. Institutional investors own 67.00% of the company’s stock.

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.