Tyson Foods (NYSE:TSN) PT Raised to $54.00 at The Goldman Sachs Group

Tyson Foods (NYSE:TSN) had its price target raised by analysts at The Goldman Sachs Group from $49.00 to $54.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential downside of 7.57% from the company’s current price.

Several other brokerages have also weighed in on TSN. Bank of America raised Tyson Foods from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $47.00 to $62.00 in a research report on Tuesday, February 6th. StockNews.com raised Tyson Foods from a “sell” rating to a “hold” rating in a report on Monday, January 22nd. Piper Sandler increased their price objective on Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Stephens reissued an “overweight” rating and set a $70.00 price objective on shares of Tyson Foods in a report on Tuesday, February 6th. Finally, Citigroup increased their price objective on Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $58.80.

Tyson Foods Stock Up 0.5 %

TSN stock traded up $0.27 during mid-day trading on Wednesday, hitting $58.42. The stock had a trading volume of 877,598 shares, compared to its average volume of 2,882,283. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. Tyson Foods has a 1-year low of $44.94 and a 1-year high of $63.28. The company has a fifty day moving average of $55.78 and a 200 day moving average of $52.28. The stock has a market capitalization of $20.82 billion, a price-to-earnings ratio of -23.62, a PEG ratio of 0.46 and a beta of 0.77.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.28. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The company had revenue of $13.32 billion for the quarter, compared to analyst estimates of $13.34 billion. During the same period in the prior year, the firm posted $0.85 EPS. The business’s revenue was up .4% compared to the same quarter last year. On average, equities analysts expect that Tyson Foods will post 2.33 EPS for the current fiscal year.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the completion of the sale, the director now owns 31,115 shares in the company, valued at approximately $1,672,431.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.05% of the company’s stock.

Institutional Trading of Tyson Foods

A number of hedge funds have recently modified their holdings of the company. Sugarloaf Wealth Management LLC lifted its position in shares of Tyson Foods by 74.7% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock worth $30,000 after buying an additional 254 shares during the period. Manchester Capital Management LLC lifted its position in shares of Tyson Foods by 501.9% during the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock worth $31,000 after buying an additional 517 shares during the period. Massmutual Trust Co. FSB ADV lifted its position in shares of Tyson Foods by 47.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock worth $35,000 after buying an additional 208 shares during the period. First Financial Corp IN bought a new position in shares of Tyson Foods during the 1st quarter worth approximately $35,000. Finally, Lindbrook Capital LLC lifted its position in shares of Tyson Foods by 306.8% during the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock worth $36,000 after buying an additional 540 shares during the period. Institutional investors own 67.00% of the company’s stock.

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.