Equities researchers at Buckingham Research began coverage on shares of Tyson Foods (NYSE:TSN) in a research report issued to clients and investors on Wednesday. The firm set a “neutral” rating and a $82.00 price target on the stock. Buckingham Research’s target price would indicate a potential upside of 7.71% from the stock’s previous close.
A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Monday, February 12th. Credit Suisse Group set a $78.00 target price on shares of Tyson Foods and gave the company a “hold” rating in a research report on Friday, February 9th. Piper Jaffray Companies set a $92.00 target price on shares of Tyson Foods and gave the company a “buy” rating in a research report on Friday, February 9th. Mizuho set a $92.00 target price on shares of Tyson Foods and gave the company a “buy” rating in a research report on Friday, February 9th. Finally, Jefferies Group reissued a “buy” rating on shares of Tyson Foods in a research report on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $76.63.
Tyson Foods (NYSE TSN) opened at $76.13 on Wednesday. The company has a market cap of $27,971.68, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 1.03 and a beta of 0.17. Tyson Foods has a 52-week low of $57.20 and a 52-week high of $84.65. The company has a current ratio of 1.51, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74.
Tyson Foods (NYSE:TSN) last announced its earnings results on Thursday, February 8th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.30. The company had revenue of $10.23 billion during the quarter, compared to analysts’ expectations of $9.88 billion. Tyson Foods had a net margin of 7.15% and a return on equity of 19.25%. Tyson Foods’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.59 earnings per share. equities analysts predict that Tyson Foods will post 6.7 EPS for the current year.
In other Tyson Foods news, Director Gaurdie E. Jr. Banister sold 7,800 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $75.56, for a total transaction of $589,368.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey K. Schomburger bought 2,700 shares of the stock in a transaction on Friday, February 9th. The shares were acquired at an average cost of $74.83 per share, with a total value of $202,041.00. The disclosure for this purchase can be found here. In the last three months, insiders have sold 396,388 shares of company stock valued at $32,597,531. Insiders own 1.55% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. OxFORD Asset Management LLP acquired a new position in shares of Tyson Foods in the second quarter valued at approximately $232,000. Stifel Financial Corp increased its stake in shares of Tyson Foods by 63.9% in the second quarter. Stifel Financial Corp now owns 5,434 shares of the company’s stock valued at $341,000 after buying an additional 2,119 shares during the period. Lord Abbett & CO. LLC increased its stake in shares of Tyson Foods by 1.0% in the second quarter. Lord Abbett & CO. LLC now owns 242,500 shares of the company’s stock valued at $15,188,000 after buying an additional 2,300 shares during the period. Shell Asset Management Co. increased its stake in shares of Tyson Foods by 129.0% in the third quarter. Shell Asset Management Co. now owns 41,888 shares of the company’s stock valued at $1,649,000 after buying an additional 23,600 shares during the period. Finally, Meeder Asset Management Inc. increased its stake in shares of Tyson Foods by 72.1% in the third quarter. Meeder Asset Management Inc. now owns 24,775 shares of the company’s stock valued at $1,746,000 after buying an additional 10,377 shares during the period. 69.60% of the stock is owned by hedge funds and other institutional investors.
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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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