StockNews.com Lowers Tyson Foods (NYSE:TSN) to Buy

Tyson Foods (NYSE:TSNGet Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

TSN has been the topic of several other research reports. Zacks Investment Research downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating and set a $98.00 price target on the stock. in a research note on Monday, April 11th. BMO Capital Markets lowered shares of Tyson Foods from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $115.00 to $99.00 in a research report on Monday, March 14th. Stephens lifted their price target on Tyson Foods from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, February 8th. JPMorgan Chase & Co. lifted their price target on Tyson Foods from $88.00 to $91.00 and gave the company a “neutral” rating in a report on Tuesday, February 8th. Finally, Piper Sandler downgraded Tyson Foods from a “neutral” rating to an “underweight” rating and cut their price target for the company from $87.00 to $81.00 in a report on Tuesday, May 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and an average price target of $97.33.

Tyson Foods stock opened at $89.54 on Friday. The firm has a 50-day moving average price of $91.08 and a 200-day moving average price of $88.87. The firm has a market capitalization of $32.46 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 1.40 and a beta of 0.69. The company has a current ratio of 1.68, a quick ratio of 0.94 and a debt-to-equity ratio of 0.45. Tyson Foods has a 12-month low of $69.88 and a 12-month high of $100.72.

Tyson Foods (NYSE:TSNGet Rating) last released its earnings results on Monday, May 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.46. The firm had revenue of $13.12 billion during the quarter, compared to analyst estimates of $12.84 billion. Tyson Foods had a net margin of 7.47% and a return on equity of 19.90%. The business’s revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the business earned $1.34 EPS. As a group, sell-side analysts predict that Tyson Foods will post 8.67 earnings per share for the current fiscal year.

In other Tyson Foods news, Director Noel W. White sold 22,540 shares of the business’s stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $87.19, for a total transaction of $1,965,262.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Amy Tu sold 3,346 shares of the company’s stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $90.30, for a total value of $302,143.80. Following the completion of the sale, the executive vice president now owns 51,381 shares in the company, valued at approximately $4,639,704.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,936 shares of company stock worth $2,752,206. 1.85% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Tyson Foods during the fourth quarter valued at approximately $107,783,000. Candlestick Capital Management LP increased its holdings in shares of Tyson Foods by 2,800.0% in the fourth quarter. Candlestick Capital Management LP now owns 1,160,000 shares of the company’s stock valued at $101,106,000 after purchasing an additional 1,120,000 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Tyson Foods in the fourth quarter valued at approximately $90,879,000. Los Angeles Capital Management LLC increased its holdings in shares of Tyson Foods by 486.0% in the first quarter. Los Angeles Capital Management LLC now owns 1,025,288 shares of the company’s stock valued at $91,897,000 after purchasing an additional 850,310 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Tyson Foods by 3.3% in the first quarter. BlackRock Inc. now owns 21,532,930 shares of the company’s stock valued at $1,929,996,000 after purchasing an additional 690,099 shares during the last quarter. 66.94% of the stock is owned by institutional investors.

About Tyson Foods (Get Rating)

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 live market 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; and supplies poultry breeding stock; sells specialty products, such as hides and meats.

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