Brokerages Set Tyson Foods, Inc. (TSN) Price Target at $78.50
Shares of Tyson Foods, Inc. (NYSE:TSN) have received an average recommendation of “Buy” from the nineteen analysts that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $78.50.
TSN has been the subject of several research analyst reports. Royal Bank Of Canada restated a “sector perform” rating and set a $77.00 price target (up previously from $70.00) on shares of Tyson Foods in a research report on Friday, October 6th. Morgan Stanley assumed coverage on shares of Tyson Foods in a report on Friday, November 3rd. They issued an “equal weight” rating and a $76.00 price objective for the company. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “strong-buy” rating and set a $82.00 price objective for the company in a report on Wednesday, October 4th. Argus upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Wednesday, November 15th. Finally, BidaskClub downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, August 26th.
In other news, insider Stephen R. Stouffer sold 7,754 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $79.55, for a total value of $616,830.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott Rouse sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $77.26, for a total transaction of $77,260.00. The disclosure for this sale can be found here. 2.65% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Stevens First Principles Investment Advisors purchased a new stake in shares of Tyson Foods in the 3rd quarter valued at approximately $141,000. Sun Life Financial INC grew its stake in shares of Tyson Foods by 21,000.0% in the 2nd quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock valued at $132,000 after buying an additional 2,100 shares during the period. Horan Capital Advisors LLC. purchased a new stake in shares of Tyson Foods in the 3rd quarter valued at approximately $155,000. Washington Trust Bank grew its stake in shares of Tyson Foods by 60.0% in the 2nd quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock valued at $140,000 after buying an additional 840 shares during the period. Finally, IFP Advisors Inc grew its stake in shares of Tyson Foods by 17.0% in the 2nd quarter. IFP Advisors Inc now owns 2,470 shares of the company’s stock valued at $155,000 after buying an additional 359 shares during the period. 73.44% of the stock is owned by institutional investors and hedge funds.
Tyson Foods (NYSE:TSN) traded up $0.57 on Monday, hitting $79.63. 1,703,900 shares of the company traded hands, compared to its average volume of 2,648,744. Tyson Foods has a 52-week low of $55.94 and a 52-week high of $79.79. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.75 and a current ratio of 1.55. The firm has a market cap of $29,480.00, a P/E ratio of 14.89 and a beta of 0.30.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, November 13th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.05. Tyson Foods had a net margin of 4.64% and a return on equity of 19.64%. The firm had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.93 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. sell-side analysts expect that Tyson Foods will post 5.81 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $0.30 dividend. This is an increase from Tyson Foods’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.20 dividend on an annualized basis and a yield of 1.51%. Tyson Foods’s dividend payout ratio is presently 18.79%.
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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