Tyson Foods (NYSE:TSN) Given New $70.00 Price Target at Stephens

Tyson Foods (NYSE:TSNGet Free Report) had its price objective boosted by research analysts at Stephens from $65.00 to $70.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Stephens’ target price suggests a potential upside of 3.47% from the company’s previous close.

A number of other analysts have also recently issued reports on TSN. Mizuho initiated coverage on Tyson Foods in a research report on Thursday, March 26th. They set an “outperform” rating and a $72.00 price objective on the stock. JPMorgan Chase & Co. lowered their price objective on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 24th. Argus upgraded Tyson Foods to a “hold” rating in a research report on Friday, February 6th. BMO Capital Markets boosted their price objective on Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $80.00 price target on shares of Tyson Foods in a research note on Monday. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $68.27.

Read Our Latest Stock Report on Tyson Foods

Tyson Foods Stock Performance

Shares of TSN traded down $1.10 on Tuesday, reaching $67.65. 591,605 shares of the stock traded hands, compared to its average volume of 2,957,174. The firm has a market cap of $23.82 billion, a price-to-earnings ratio of 121.08, a P/E/G ratio of 1.38 and a beta of 0.40. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66. Tyson Foods has a 12 month low of $50.56 and a 12 month high of $69.48. The stock’s 50-day moving average price is $63.07 and its 200-day moving average price is $59.75.

Tyson Foods (NYSE:TSNGet Free Report) last released its quarterly earnings data on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. The business had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.63 billion. Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.Tyson Foods’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 earnings per share. Equities analysts forecast that Tyson Foods will post 3.95 EPS for the current fiscal year.

Institutional Trading of Tyson Foods

Several institutional investors have recently bought and sold shares of TSN. Norges Bank acquired a new position in Tyson Foods in the fourth quarter worth $308,297,000. Davis Selected Advisers boosted its stake in Tyson Foods by 28.8% in the fourth quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after purchasing an additional 2,865,413 shares in the last quarter. Life Cycle Investment Partners Ltd acquired a new position in Tyson Foods in the fourth quarter worth $165,220,000. Pzena Investment Management LLC boosted its stake in Tyson Foods by 12.1% in the first quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock worth $1,099,167,000 after purchasing an additional 1,845,200 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Tyson Foods by 34.4% in the third quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock worth $363,852,000 after purchasing an additional 1,720,009 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Key Tyson Foods News

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About Tyson Foods

(Get Free Report)

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.

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