Tyson Foods (NYSE:TSN) Upgraded to “Overweight” at Piper Sandler

Tyson Foods (NYSE:TSN) was upgraded by equities research analysts at Piper Sandler from a “neutral” rating to an “overweight” rating in a note issued to investors on Monday,Benzinga reports. The firm currently has a $75.00 target price on the stock, up from their previous target price of $61.00. Piper Sandler’s target price would suggest a potential upside of 15.93% from the stock’s previous close.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. lowered their target price on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, March 24th. BMO Capital Markets upped their price target on shares of Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Argus upgraded shares of Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Barclays lifted their price objective on shares of Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $69.00 target price on shares of Tyson Foods in a research report on Tuesday, February 3rd. Five research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $65.92.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $64.69 on Monday. The company has a market cap of $22.78 billion, a P/E ratio of 115.53, a P/E/G ratio of 1.40 and a beta of 0.44. Tyson Foods has a 52-week low of $50.56 and a 52-week high of $66.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53. The firm’s fifty day moving average is $63.15 and its two-hundred day moving average is $58.31.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.04). The company had revenue of $14.31 billion for the quarter, compared to the consensus estimate of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the company earned $1.14 EPS. As a group, analysts anticipate that Tyson Foods will post 3.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TSN. Hsbc Holdings PLC grew its holdings in Tyson Foods by 4.3% during the 4th quarter. Hsbc Holdings PLC now owns 589,708 shares of the company’s stock valued at $34,613,000 after purchasing an additional 24,251 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in Tyson Foods by 1,890.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 182,418 shares of the company’s stock worth $10,693,000 after purchasing an additional 173,255 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of Tyson Foods by 73.8% during the fourth quarter. Corient Private Wealth LLC now owns 122,615 shares of the company’s stock valued at $7,189,000 after buying an additional 52,078 shares during the period. DGS Capital Management LLC bought a new position in shares of Tyson Foods during the fourth quarter valued at approximately $205,000. Finally, SG Trading Solutions LLC bought a new position in shares of Tyson Foods during the fourth quarter valued at approximately $1,271,000. Institutional investors own 67.00% of the company’s stock.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.