Tyson Foods (NYSE:TSN) PT Raised to $98.00 at BMO Capital Markets

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Tyson Foods (NYSE:TSN) had its price target increased by research analysts at BMO Capital Markets to $98.00 in a research report issued on Wednesday, The Fly reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 10.06% from the company’s current price.

Other analysts also recently issued reports about the company. ValuEngine raised Tyson Foods from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Credit Suisse Group raised their price objective on Tyson Foods from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. Mizuho raised their price objective on Tyson Foods from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Stephens set a $95.00 price objective on Tyson Foods and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Bank of America assumed coverage on Tyson Foods in a research report on Friday, October 25th. They set a “buy” rating and a $97.00 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $88.17.

Shares of NYSE TSN traded up $0.16 during midday trading on Wednesday, reaching $89.04. 149,599 shares of the stock were exchanged, compared to its average volume of 2,732,422. The firm has a market cap of $30.13 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 3.13 and a beta of 0.43. Tyson Foods has a twelve month low of $49.77 and a twelve month high of $94.07. The firm has a 50-day simple moving average of $82.68 and a two-hundred day simple moving average of $82.57. The company has a quick ratio of 0.59, a current ratio of 1.33 and a debt-to-equity ratio of 0.74.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). Tyson Foods had a return on equity of 15.92% and a net margin of 5.27%. The firm had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.93 billion. During the same period in the previous year, the business earned $1.58 EPS. Tyson Foods’s revenue for the quarter was up 8.9% compared to the same quarter last year. Research analysts expect that Tyson Foods will post 5.49 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSN. Nuveen Asset Management LLC grew its holdings in Tyson Foods by 24,482.5% in the second quarter. Nuveen Asset Management LLC now owns 1,888,675 shares of the company’s stock valued at $152,492,000 after purchasing an additional 1,880,992 shares during the last quarter. Boston Partners grew its holdings in shares of Tyson Foods by 56.4% in the 2nd quarter. Boston Partners now owns 4,766,243 shares of the company’s stock worth $384,857,000 after acquiring an additional 1,718,237 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Tyson Foods by 4.4% in the 2nd quarter. BlackRock Inc. now owns 20,908,859 shares of the company’s stock worth $1,688,183,000 after acquiring an additional 872,367 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Tyson Foods by 19.1% in the 2nd quarter. Invesco Ltd. now owns 4,478,758 shares of the company’s stock worth $361,615,000 after acquiring an additional 719,437 shares during the last quarter. Finally, Highline Capital Management L.P. acquired a new position in shares of Tyson Foods in the 2nd quarter worth $52,166,000. 69.22% of the stock is owned by 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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