Tyson Foods, Inc. (NYSE:TSN) Receives Average Recommendation of “Reduce” from Analysts

by · The Cerbat Gem

Tyson Foods, Inc. (NYSE:TSN – Get Free Report) has been given an average rating of “Reduce” by the eight analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $54.60.

TSN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their price target on Tyson Foods from $55.00 to $51.00 and set a “neutral” rating for the company in a research note on Tuesday, November 14th. Bank of America reduced their price objective on Tyson Foods from $48.00 to $45.00 and set an “underperform” rating for the company in a research note on Tuesday, October 17th. Stephens restated an “overweight” rating and issued a $70.00 price objective on shares of Tyson Foods in a research note on Tuesday, November 14th. StockNews.com started coverage on Tyson Foods in a research note on Thursday, October 5th. They issued a “sell” rating for the company. Finally, BMO Capital Markets reduced their price objective on Tyson Foods from $50.00 to $46.00 and set a “market perform” rating for the company in a research note on Tuesday, November 14th.

Read Our Latest Research Report on Tyson Foods

Tyson Foods Trading Up 1.4 %

Shares of NYSE TSN opened at $54.92 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.34 and a quick ratio of 0.52. The stock has a market capitalization of $19.51 billion, a P/E ratio of -29.06, a price-to-earnings-growth ratio of 0.51 and a beta of 0.81. Tyson Foods has a 1-year low of $44.94 and a 1-year high of $74.07. The business has a fifty day moving average price of $49.81 and a 200 day moving average price of $51.01.

Tyson Foods (NYSE:TSN – Get Free Report) last issued its quarterly earnings data on Monday, November 13th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.08. Tyson Foods had a positive return on equity of 2.51% and a negative net margin of 1.23%. The firm had revenue of $13.35 billion during the quarter, compared to analysts’ expectations of $13.72 billion. During the same period in the prior year, the business posted $1.63 EPS. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. Equities research analysts expect that Tyson Foods will post 2.26 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Chairman John H. Tyson sold 133,277 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $46.16, for a total transaction of $6,152,066.32. Following the sale, the chairman now directly owns 2,739,150 shares of the company’s stock, valued at $126,439,164. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.05% of the stock is owned by corporate insiders.

Institutional Trading of Tyson Foods

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Tyson Foods by 6.4% in the first quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock valued at $3,332,404,000 after purchasing an additional 2,239,235 shares during the period. State Street Corp grew its holdings in Tyson Foods by 1.8% in the first quarter. State Street Corp now owns 14,557,461 shares of the company’s stock valued at $1,304,785,000 after purchasing an additional 264,159 shares during the period. Wellington Management Group LLP lifted its position in shares of Tyson Foods by 2.1% in the third quarter. Wellington Management Group LLP now owns 9,729,128 shares of the company’s stock valued at $491,224,000 after acquiring an additional 200,586 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Tyson Foods by 97.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,471,823 shares of the company’s stock valued at $561,869,000 after acquiring an additional 4,669,457 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Tyson Foods by 16.1% in the third quarter. FMR LLC now owns 7,448,930 shares of the company’s stock valued at $376,096,000 after acquiring an additional 1,034,915 shares in the last quarter. 63.68% of the stock is owned by institutional investors and hedge funds.

About Tyson Foods

(Get Free Report

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; 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; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.

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