Tyson Foods (NYSE:TSN) Given New $54.00 Price Target at The Goldman Sachs Group

Tyson Foods (NYSE:TSN) had its price target hoisted by analysts at The Goldman Sachs Group from $49.00 to $54.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price suggests a potential downside of 8.27% from the stock’s current price.

A number of other research firms have also weighed in on TSN. Barclays upgraded shares of Tyson Foods from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $53.00 to $69.00 in a research report on Tuesday. BMO Capital Markets upped their price target on shares of Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 6th. Citigroup upped their price target on shares of Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. StockNews.com upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. Finally, Bank of America upgraded shares of Tyson Foods from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $47.00 to $62.00 in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus target price of $58.80.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $58.87 on Wednesday. The firm has a 50 day moving average of $55.97 and a 200 day moving average of $52.37. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $20.98 billion, a price-to-earnings ratio of -23.83, a price-to-earnings-growth ratio of 0.46 and a beta of 0.77. Tyson Foods has a 12-month low of $44.94 and a 12-month high of $63.28.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.28. The company had revenue of $13.32 billion during the quarter, compared to analyst estimates of $13.34 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 earnings per share. On average, research analysts anticipate that Tyson Foods will post 2.33 earnings per share for the current year.

Insider Activity at Tyson Foods

In related news, Director Noel W. White sold 9,000 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total transaction of $483,750.00. Following the sale, the director now owns 31,115 shares of the company’s stock, valued at $1,672,431.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.05% of the stock is owned by insiders.

Institutional Investors Weigh In On Tyson Foods

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sugarloaf Wealth Management LLC raised its stake in shares of Tyson Foods by 74.7% in the third quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock valued at $30,000 after acquiring an additional 254 shares during the period. First Financial Corp IN purchased a new stake in shares of Tyson Foods in the first quarter valued at $35,000. Manchester Capital Management LLC raised its stake in shares of Tyson Foods by 501.9% in the third quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock valued at $31,000 after acquiring an additional 517 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in shares of Tyson Foods by 47.4% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after acquiring an additional 208 shares during the period. Finally, Lindbrook Capital LLC raised its stake in shares of Tyson Foods by 306.8% in the third quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock valued at $36,000 after acquiring an additional 540 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

About Tyson Foods

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.