Tyson Foods (TSN) PT Lowered to $83.00
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.
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.
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.
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.
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