Tyson Foods (NYSE:TSN) had its price objective cut by Royal Bank of Canada to $83.00 in a research report issued on Tuesday, The Fly reports. The firm presently has a “reduce” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 16.23% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Jefferies Group reissued a “buy” rating on shares of Tyson Foods in a report on Thursday, February 8th. Pivotal Research cut Tyson Foods from a “hold” rating to a “sell” rating and cut their price target for the stock from $75.00 to $55.00 in a report on Monday, April 2nd. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Monday, February 12th. Piper Jaffray set a $92.00 target price on Tyson Foods and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Mizuho set a $92.00 target price on Tyson Foods and gave the company a “buy” rating in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $75.87.

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Shares of NYSE TSN traded up $0.12 during trading on Tuesday, reaching $71.41. The company had a trading volume of 380,107 shares, compared to its average volume of 2,212,380. Tyson Foods has a twelve month low of $57.20 and a twelve month high of $84.65. The stock has a market cap of $25,822.56, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 0.96 and a beta of 0.19. The company has a quick ratio of 0.70, a current ratio of 1.51 and a debt-to-equity ratio of 0.74.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.30. Tyson Foods had a return on equity of 19.25% and a net margin of 7.15%. The company had revenue of $10.23 billion during the quarter, compared to analysts’ expectations of $9.88 billion. During the same period in the previous year, the firm posted $1.59 earnings per share. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. analysts anticipate that Tyson Foods will post 6.65 EPS for the current year.

In other Tyson Foods news, insider Stephen R. Stouffer sold 15,489 shares of the company’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $74.22, for a total transaction of $1,149,593.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gaurdie E. Jr. Banister sold 7,800 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $75.56, for a total value of $589,368.00. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company’s stock.

A number of large investors have recently made changes to their positions in TSN. Cerebellum GP LLC purchased a new stake in shares of Tyson Foods in the fourth quarter worth about $124,000. Financial Gravity Companies Inc. purchased a new stake in shares of Tyson Foods in the fourth quarter worth about $198,000. Signaturefd LLC purchased a new stake in shares of Tyson Foods in the fourth quarter worth about $201,000. Kornitzer Capital Management Inc. KS purchased a new stake in shares of Tyson Foods in the fourth quarter worth about $212,000. Finally, Premia Global Advisors LLC purchased a new stake in shares of Tyson Foods in the fourth quarter worth about $214,000. Institutional investors own 71.44% of the company’s stock.

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Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats.

The Fly

Analyst Recommendations for Tyson Foods (NYSE:TSN)

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