Tyson Foods (NYSE:TSN) received a $96.00 target price from equities research analysts at Credit Suisse Group in a research note issued on Thursday, TipRanks reports. The brokerage currently has a “buy” rating on the stock. Credit Suisse Group’s price target indicates a potential upside of 16.52% from the stock’s current price.
A number of other equities analysts have also issued reports on the stock. ValuEngine raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th. Argus raised Tyson Foods from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Tuesday, May 14th. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Wednesday, May 8th. Barclays upped their price target on Tyson Foods from $73.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th. Finally, BMO Capital Markets reissued a “top pick” rating and issued a $90.00 price objective on shares of Tyson Foods in a report on Tuesday, May 7th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Tyson Foods currently has a consensus rating of “Buy” and a consensus target price of $77.94.
Tyson Foods stock opened at $82.39 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.54 and a current ratio of 1.38. Tyson Foods has a 1 year low of $49.77 and a 1 year high of $84.30. The stock has a market capitalization of $29.89 billion, a PE ratio of 13.38 and a beta of 0.47.
Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, May 6th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.12 by $0.08. The company had revenue of $10.44 billion during the quarter, compared to analysts’ expectations of $10.25 billion. Tyson Foods had a net margin of 5.05% and a return on equity of 16.53%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the company posted $1.27 earnings per share. On average, research analysts expect that Tyson Foods will post 5.97 earnings per share for the current year.
In other Tyson Foods news, insider Douglas Wayne Ramsey sold 21,166 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $81.79, for a total value of $1,731,167.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Stephen R. Stouffer sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $83.02, for a total transaction of $996,240.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 84,433 shares of company stock worth $6,680,525. Insiders own 1.69% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. increased its position in Tyson Foods by 197.3% during the fourth quarter. Advisors Asset Management Inc. now owns 32,755 shares of the company’s stock worth $1,749,000 after purchasing an additional 21,736 shares during the last quarter. TD Asset Management Inc. increased its stake in Tyson Foods by 2.8% during the 4th quarter. TD Asset Management Inc. now owns 87,289 shares of the company’s stock valued at $4,661,000 after buying an additional 2,349 shares during the period. BB&T Securities LLC increased its stake in Tyson Foods by 59.7% during the 4th quarter. BB&T Securities LLC now owns 26,860 shares of the company’s stock valued at $1,433,000 after buying an additional 10,039 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Tyson Foods by 0.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 40,911 shares of the company’s stock worth $2,185,000 after purchasing an additional 251 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Tyson Foods by 171.2% in the fourth quarter. Parallel Advisors LLC now owns 1,440 shares of the company’s stock worth $76,000 after buying an additional 909 shares during the period. 69.70% of the stock is owned by hedge funds and other institutional investors.
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 live market 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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