Tyson Foods Inc. (TSN) Stock Rating Reaffirmed by RBC Capital Markets
Tyson Foods Inc. (NYSE:TSN)‘s stock had its “sector perform” rating reaffirmed by research analysts at RBC Capital Markets in a report released on Sunday. They presently have a $75.00 price objective on the stock. RBC Capital Markets’ price objective would indicate a potential upside of 11.34% from the stock’s current price.
Other research analysts have also recently issued research reports about the stock. Credit Agricole SA upped their target price on shares of Tyson Foods from $77.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, August 2nd. Pivotal Research restated a “buy” rating and issued a $100.00 target price on shares of Tyson Foods in a report on Wednesday, August 10th. Vetr cut shares of Tyson Foods from a “sell” rating to a “strong sell” rating and set a $61.30 target price for the company. in a report on Monday, October 10th. BMO Capital Markets restated a “market perform” rating and issued a $77.00 target price on shares of Tyson Foods in a report on Thursday, August 11th. Finally, Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Tuesday, August 9th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Tyson Foods has a consensus rating of “Hold” and an average target price of $68.29.
Tyson Foods (NYSE:TSN) traded up 0.99% during mid-day trading on Friday, reaching $67.36. 3,917,491 shares of the company traded hands. The firm has a market capitalization of $25.74 billion, a price-to-earnings ratio of 16.38 and a beta of 0.18. The stock’s 50 day moving average price is $71.27 and its 200 day moving average price is $69.73. Tyson Foods has a 52 week low of $42.90 and a 52 week high of $77.05.
In other news, insider Donnie King sold 146,641 shares of the company’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $75.75, for a total transaction of $11,108,055.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Noel W. White sold 74,934 shares of the company’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $75.44, for a total transaction of $5,653,020.96. The disclosure for this sale can be found here. Insiders own 2.69% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Capstone Asset Management Co. boosted its position in Tyson Foods by 0.5% in the second quarter. Capstone Asset Management Co. now owns 36,688 shares of the company’s stock worth $2,450,000 after buying an additional 167 shares during the period. NN Investment Partners Holdings N.V. boosted its position in Tyson Foods by 104.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 494,703 shares of the company’s stock worth $33,041,000 after buying an additional 252,540 shares during the period. Breton Hill Capital Ltd. boosted its position in Tyson Foods by 5.3% in the second quarter. Breton Hill Capital Ltd. now owns 15,928 shares of the company’s stock worth $1,064,000 after buying an additional 803 shares during the period. Quotient Investors LLC boosted its position in Tyson Foods by 56.3% in the second quarter. Quotient Investors LLC now owns 45,287 shares of the company’s stock worth $3,025,000 after buying an additional 16,309 shares during the period. Finally, Central Bank & Trust Co. bought a new position in Tyson Foods during the second quarter worth $433,000. 73.63% of the stock is currently owned by institutional investors and hedge funds.
About Tyson Foods
Tyson Foods, Inc is a food company. The Company is engaged in offering chicken, beef and pork, as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands.
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