Tyson Foods Inc. (TSN) Rating Reiterated by BMO Capital Markets
Tyson Foods Inc. (NYSE:TSN)‘s stock had its “buy” rating reiterated by equities researchers at BMO Capital Markets in a note issued to investors on Tuesday. They presently have a $84.00 price target on the stock. BMO Capital Markets’ price target would indicate a potential upside of 43.20% from the stock’s current price.
Several other brokerages have also recently issued reports on TSN. JPMorgan Chase & Co. reaffirmed a “focus list” rating on shares of Tyson Foods in a research note on Tuesday, October 4th. RBC Capital Markets reaffirmed a “sector perform” rating and set a $75.00 price objective (up previously from $72.00) on shares of Tyson Foods in a research note on Thursday, August 11th. Pivotal Research reaffirmed a “buy” rating and set a $100.00 price objective on shares of Tyson Foods in a research note on Wednesday, August 10th. upped their price objective on shares of Tyson Foods from $77.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, August 2nd. Finally, Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Tuesday, August 9th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $69.41.
Tyson Foods (NYSE:TSN) opened at 58.66 on Tuesday. The stock’s 50 day moving average is $68.86 and its 200-day moving average is $69.67. The stock has a market capitalization of $22.00 billion, a price-to-earnings ratio of 12.95 and a beta of 0.18. Tyson Foods has a 12 month low of $48.52 and a 12 month high of $77.05.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, November 21st. The company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by $0.20. Tyson Foods had a net margin of 4.79% and a return on equity of 17.57%. The business had revenue of $9.16 billion for the quarter, compared to analysts’ expectations of $9.38 billion. During the same period in the prior year, the company posted $0.83 EPS. The firm’s revenue was down 12.8% on a year-over-year basis. On average, equities research analysts expect that Tyson Foods will post $4.59 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be issued a dividend of $0.225 per share. The ex-dividend date is Monday, February 27th. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.15. This represents a $0.90 dividend on an annualized basis and a yield of 1.53%. Tyson Foods’s dividend payout ratio is 13.25%.
In other Tyson Foods news, insider Noel W. White sold 74,934 shares of the stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $75.44, for a total transaction of $5,653,020.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.69% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new stake in Tyson Foods during the second quarter worth about $169,614,000. Chicago Equity Partners LLC raised its stake in Tyson Foods by 5.1% in the second quarter. Chicago Equity Partners LLC now owns 466,135 shares of the company’s stock worth $31,133,000 after buying an additional 22,485 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in Tyson Foods during the second quarter worth about $22,514,000. Boston Advisors LLC raised its stake in Tyson Foods by 986.6% in the second quarter. Boston Advisors LLC now owns 301,645 shares of the company’s stock worth $20,147,000 after buying an additional 273,885 shares during the period. Finally, Candriam Luxembourg S.C.A. raised its stake in Tyson Foods by 20.6% in the second quarter. Candriam Luxembourg S.C.A. now owns 17,945 shares of the company’s stock worth $1,199,000 after buying an additional 3,066 shares during the period. Institutional investors own 73.44% of the company’s stock.
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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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