Tyson Foods, Inc. (TSN) Stock Rating Lowered by BidaskClub
Tyson Foods, Inc. (NYSE:TSN) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.
A number of other equities research analysts also recently weighed in on the company. Fundamental Research reaffirmed a “buy” rating on shares of Tyson Foods in a report on Thursday, August 17th. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research note on Thursday, August 10th. BMO Capital Markets reiterated an “outperform” rating and issued a $78.00 target price (up previously from $75.00) on shares of Tyson Foods in a research note on Thursday, August 10th. Mizuho reiterated a “buy” rating and issued a $76.00 target price (up previously from $71.00) on shares of Tyson Foods in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada lifted their target price on shares of Tyson Foods from $68.00 to $70.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $69.79.
Tyson Foods (NYSE:TSN) traded down 0.96% on Friday, reaching $63.25. The company’s stock had a trading volume of 2,691,718 shares. The company has a market capitalization of $23.21 billion, a price-to-earnings ratio of 13.34 and a beta of 0.26. The firm’s 50 day moving average price is $63.14 and its 200-day moving average price is $62.28. Tyson Foods has a 52 week low of $55.72 and a 52 week high of $77.05.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.10. The company had revenue of $9.85 billion for the quarter, compared to the consensus estimate of $9.49 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.21 earnings per share. On average, equities analysts predict that Tyson Foods will post $5.06 EPS for the current year.
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In related news, Director Mikel A. Durham acquired 2,809 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average price of $65.77 per share, for a total transaction of $184,747.93. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Dennis Leatherby sold 145,100 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $65.97, for a total transaction of $9,572,247.00. The disclosure for this sale can be found here. Insiders own 2.65% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the company. Retirement Systems of Alabama raised its stake in Tyson Foods by 0.7% in the first quarter. Retirement Systems of Alabama now owns 138,705 shares of the company’s stock worth $8,559,000 after buying an additional 988 shares in the last quarter. Nationwide Fund Advisors raised its stake in Tyson Foods by 170.5% in the first quarter. Nationwide Fund Advisors now owns 222,306 shares of the company’s stock worth $13,719,000 after buying an additional 140,123 shares in the last quarter. ProShare Advisors LLC raised its stake in Tyson Foods by 11.7% in the first quarter. ProShare Advisors LLC now owns 58,431 shares of the company’s stock worth $3,606,000 after buying an additional 6,143 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in Tyson Foods during the first quarter worth approximately $216,000. Finally, Strs Ohio raised its stake in Tyson Foods by 52.7% in the first quarter. Strs Ohio now owns 179,374 shares of the company’s stock worth $11,069,000 after buying an additional 61,918 shares in the last quarter. 71.05% of the stock is owned by hedge funds and other institutional investors.
About Tyson Foods
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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