Tyson Foods (NYSE:TSN) Stock Rating Upgraded by Piper Sandler

Tyson Foods (NYSE:TSN) was upgraded by equities research analysts at Piper Sandler from a “neutral” rating to an “overweight” rating in a report issued on Monday,Benzinga reports. The brokerage presently has a $75.00 price target on the stock, up from their previous price target of $61.00. Piper Sandler’s target price points to a potential upside of 15.93% from the company’s previous close.

Several other research analysts also recently weighed in on TSN. Argus upgraded shares of Tyson Foods to a “hold” rating in a research report on Friday, February 6th. BMO Capital Markets upped their price objective on Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. decreased their target price on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, March 24th. Mizuho started coverage on Tyson Foods in a research report on Thursday, March 26th. They set an “outperform” rating and a $72.00 target price on the stock. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $65.92.

Tyson Foods Stock Up 0.1%

TSN stock opened at $64.69 on Monday. The business’s 50-day moving average is $63.15 and its two-hundred day moving average is $58.31. The company has a market cap of $22.78 billion, a price-to-earnings ratio of 115.53, a P/E/G ratio of 1.40 and a beta of 0.44. Tyson Foods has a fifty-two week low of $50.56 and a fifty-two week high of $66.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.04). The business had revenue of $14.31 billion for the quarter, compared to analysts’ expectations of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. Tyson Foods’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 EPS. As a group, analysts forecast that Tyson Foods will post 3.8 earnings per share for the current year.

Institutional Investors Weigh In On Tyson Foods

A number of institutional investors have recently bought and sold shares of TSN. Harbor Capital Advisors Inc. boosted its stake in shares of Tyson Foods by 93.1% in the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock worth $26,000 after acquiring an additional 228 shares during the period. Root Financial Partners LLC bought a new stake in Tyson Foods during the 3rd quarter valued at approximately $28,000. City Holding Co. purchased a new position in Tyson Foods in the 4th quarter worth approximately $29,000. Cary Street Partners Investment Advisory LLC lifted its holdings in Tyson Foods by 62.3% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock worth $30,000 after purchasing an additional 198 shares in the last quarter. Finally, Activest Wealth Management boosted its stake in Tyson Foods by 3,842.9% in the 4th quarter. Activest Wealth Management now owns 552 shares of the company’s stock worth $32,000 after purchasing an additional 538 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.