Stephens Forecasts Strong Price Appreciation for Tyson Foods (NYSE:TSN) Stock

Tyson Foods (NYSE:TSN) had its price objective boosted by analysts at Stephens from $57.00 to $60.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Stephens’ price target points to a potential downside of 6.26% from the stock’s current price.

TSN has been the subject of several other reports. Barclays increased their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Citigroup reduced their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Bank of America decreased their price target on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. boosted their price objective on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and an average target price of $60.67.

Tyson Foods Price Performance

Shares of Tyson Foods stock opened at $64.01 on Wednesday. Tyson Foods has a 52 week low of $46.51 and a 52 week high of $66.88. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The stock has a market cap of $22.78 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 0.40 and a beta of 0.78. The company’s 50-day moving average price is $60.09 and its two-hundred day moving average price is $59.69.

Insider Activity

In other news, insider Wes Morris sold 22,783 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the transaction, the insider now directly owns 15,937 shares in the company, valued at $999,409.27. The trade was a 58.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.05% of the stock is owned by corporate insiders.

Institutional Trading of Tyson Foods

A number of institutional investors have recently bought and sold shares of TSN. Davis Selected Advisers purchased a new stake in shares of Tyson Foods during the 2nd quarter worth about $177,439,000. Pzena Investment Management LLC grew its position in Tyson Foods by 18.4% in the second quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock worth $713,654,000 after acquiring an additional 1,939,508 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Tyson Foods during the 2nd quarter worth $29,537,000. Van ECK Associates Corp raised its holdings in shares of Tyson Foods by 45.5% during the 2nd quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock valued at $72,839,000 after purchasing an additional 398,404 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in shares of Tyson Foods by 138.7% in the 1st quarter. National Bank of Canada FI now owns 579,079 shares of the company’s stock valued at $34,542,000 after purchasing an additional 336,487 shares during the last quarter. Institutional investors and hedge funds 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.