Tyson Foods, Inc. (TSN) Price Target Raised to $80.00
Tyson Foods, Inc. (NYSE:TSN) had its target price hoisted by Barclays PLC from $75.00 to $80.00 in a research report sent to investors on Monday morning, Marketbeat.com reports. They currently have an overweight rating on the stock.
Other research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Tyson Foods from a buy rating to a hold rating in a report on Thursday, June 22nd. Credit Suisse Group restated a neutral rating and issued a $75.00 target price (up previously from $70.00) on shares of Tyson Foods in a report on Sunday, October 1st. They noted that the move was a valuation call. Pivotal Research restated a sell rating and issued a $40.00 target price on shares of Tyson Foods in a report on Wednesday, July 12th. Mizuho restated a buy rating and issued a $71.00 target price on shares of Tyson Foods in a report on Monday, July 10th. Finally, BMO Capital Markets restated a buy rating and issued a $75.00 target price on shares of Tyson Foods in a report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Tyson Foods presently has an average rating of Buy and an average target price of $72.38.
Shares of Tyson Foods (NYSE TSN) opened at 71.07 on Monday. Tyson Foods has a 12-month low of $55.72 and a 12-month high of $72.88. The firm’s 50-day moving average is $65.87 and its 200-day moving average is $62.82. The company has a market capitalization of $26.08 billion, a price-to-earnings ratio of 14.98 and a beta of 0.28.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 7th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.18 by $0.10. The firm had revenue of $9.85 billion for the quarter, compared to the consensus estimate of $9.49 billion. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $1.21 earnings per share. On average, equities analysts predict that Tyson Foods will post $5.15 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, November 30th. Tyson Foods’s dividend payout ratio (DPR) is currently 18.95%.
In related news, Director Mikel A. Durham purchased 2,809 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were acquired 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 Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dennis Leatherby sold 145,100 shares of Tyson Foods stock in a transaction on Monday, August 14th. The shares were 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 large investors have recently added to or reduced their stakes in TSN. UBS Asset Management Americas Inc. lifted its position in Tyson Foods by 1.0% during the first quarter. UBS Asset Management Americas Inc. now owns 1,554,535 shares of the company’s stock valued at $95,930,000 after buying an additional 15,700 shares during the period. Schroder Investment Management Group lifted its position in Tyson Foods by 709.3% during the first quarter. Schroder Investment Management Group now owns 37,529 shares of the company’s stock valued at $2,313,000 after buying an additional 32,892 shares during the period. Blair William & Co. IL lifted its position in Tyson Foods by 1.3% during the first quarter. Blair William & Co. IL now owns 14,481 shares of the company’s stock valued at $895,000 after buying an additional 189 shares during the period. Robecosam AG purchased a new position in Tyson Foods during the first quarter valued at $3,008,000. Finally, Bancorpsouth Inc. purchased a new position in Tyson Foods during the first quarter valued at $424,000. Institutional investors and hedge funds own 71.89% of the company’s stock.
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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