Vetr upgraded shares of Tyson Foods, Inc. (NYSE:TSN) from a buy rating to a strong-buy rating in a report published on Tuesday. The firm currently has $69.35 price target on the stock.
A number of other research firms have also weighed in on TSN. J P Morgan Chase & Co reiterated a focus list rating on shares of Tyson Foods in a research note on Tuesday, October 4th. Credit Suisse Group reduced their price objective on shares of Tyson Foods from $72.00 to $65.00 and set a neutral rating for the company in a research note on Tuesday, November 22nd. BMO Capital Markets upgraded shares of Tyson Foods from a market perform rating to an outperform rating and boosted their price target for the company from $70.50 to $84.00 in a research report on Tuesday, October 11th. Pivotal Research lowered shares of Tyson Foods from a buy rating to a sell rating and reduced their price target for the company from $100.00 to $40.00 in a research report on Friday, October 7th. Finally, KeyCorp started coverage on shares of Tyson Foods in a research report on Thursday, December 1st. They set an overweight rating and a $70.00 price target for the company. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Tyson Foods has an average rating of Hold and an average target price of $70.74.
Shares of Tyson Foods (NYSE:TSN) traded up 0.16% on Tuesday, hitting $61.31. The stock had a trading volume of 1,537,587 shares. Tyson Foods has a 1-year low of $48.52 and a 1-year high of $77.05. The firm has a 50-day moving average of $60.88 and a 200 day moving average of $69.14. The company has a market capitalization of $22.93 billion, a PE ratio of 13.53 and a beta of 0.09.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, November 21st. The company reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by $0.20. Tyson Foods had a net margin of 4.79% and a return on equity of 17.57%. The business earned $9.16 billion during the quarter, compared to analysts’ expectations of $9.38 billion. During the same quarter in the prior year, the firm posted $0.83 earnings per share. The firm’s quarterly revenue was down 12.8% on a year-over-year basis. On average, equities analysts anticipate that Tyson Foods will post $4.82 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be paid a $0.225 dividend. This is an increase from Tyson Foods’s previous quarterly dividend of $0.15. This represents a $0.90 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Monday, February 27th. Tyson Foods’s dividend payout ratio is presently 13.25%.
Large investors have recently made changes to their positions in the company. Washington Trust Bank boosted its stake in shares of Tyson Foods by 2.2% in the third quarter. Washington Trust Bank now owns 1,431 shares of the company’s stock worth $107,000 after buying an additional 31 shares during the period. Evercore Wealth Management LLC boosted its stake in shares of Tyson Foods by 22.2% in the second quarter. Evercore Wealth Management LLC now owns 1,775 shares of the company’s stock worth $119,000 after buying an additional 323 shares during the period. Financial Architects Inc boosted its stake in shares of Tyson Foods by 1,101.3% in the second quarter. Financial Architects Inc now owns 1,838 shares of the company’s stock worth $122,000 after buying an additional 1,685 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of Tyson Foods during the third quarter worth $140,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Tyson Foods during the third quarter worth $174,000. Institutional investors and hedge funds own 71.16% of the company’s stock.
Tyson Foods Company Profile
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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