Tyson Foods (NYSE:TSN) Upgraded at StockNews.com

Tyson Foods (NYSE:TSNGet Rating) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

A number of other analysts have also recently weighed in on TSN. Stephens reduced their target price on shares of Tyson Foods from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday, August 9th. Bank of America downgraded shares of Tyson Foods from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $73.00 to $61.00 in a research report on Wednesday. Argus downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th. Barclays reduced their price target on shares of Tyson Foods from $100.00 to $89.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 9th. Finally, The Goldman Sachs Group reduced their price target on shares of Tyson Foods from $111.00 to $97.00 and set a “buy” rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $88.00.

Tyson Foods Trading Down 5.3 %

Tyson Foods stock opened at $64.11 on Thursday. The stock has a market capitalization of $23.06 billion, a PE ratio of 5.76 and a beta of 0.72. Tyson Foods has a 12-month low of $62.94 and a 12-month high of $100.72. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 0.85. The firm has a 50 day simple moving average of $68.65 and a 200-day simple moving average of $79.68.

Tyson Foods (NYSE:TSNGet Rating) last issued its earnings results on Monday, August 8th. The company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.03. The firm had revenue of $13.50 billion during the quarter, compared to analysts’ expectations of $13.25 billion. Tyson Foods had a net margin of 7.75% and a return on equity of 18.42%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $2.70 earnings per share. As a group, equities research analysts expect that Tyson Foods will post 8.79 EPS for the current fiscal year.

Institutional Investors Weigh In On Tyson Foods

Institutional investors have recently modified their holdings of the business. Polaris Capital Management LLC raised its position in Tyson Foods by 372.5% during the second quarter. Polaris Capital Management LLC now owns 3,204,200 shares of the company’s stock worth $95,897,000 after acquiring an additional 2,526,087 shares in the last quarter. Vanguard Group Inc. raised its position in shares of 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. AQR Capital Management LLC raised its position in shares of Tyson Foods by 87.7% in the second quarter. AQR Capital Management LLC now owns 3,246,414 shares of the company’s stock valued at $278,445,000 after purchasing an additional 1,517,165 shares during the period. Walker Asset Management LLC raised its position in shares of Tyson Foods by 6,100.0% in the second quarter. Walker Asset Management LLC now owns 1,304,294 shares of the company’s stock valued at $116,854,000 after purchasing an additional 1,283,257 shares during the period. Finally, Invesco Ltd. raised its position in shares of Tyson Foods by 33.3% in the first quarter. Invesco Ltd. now owns 3,653,878 shares of the company’s stock valued at $327,497,000 after purchasing an additional 912,421 shares during the period. Institutional investors and hedge funds own 68.55% of the company’s stock.

Tyson Foods Company Profile

(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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Analyst Recommendations for Tyson Foods (NYSE:TSN)

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