Piper Sandler Increases Tyson Foods (NYSE:TSN) Price Target to $57.00

Tyson Foods (NYSE:TSN) had its price target increased by Piper Sandler from $55.00 to $57.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s price target points to a potential downside of 3.62% from the company’s current price.

A number of other research analysts also recently commented on the stock. Citigroup increased their price target on shares of Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. JPMorgan Chase & Co. raised their price objective on shares of Tyson Foods from $58.00 to $59.00 in a research note on Monday. BMO Capital Markets raised their price objective on shares of Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 6th. Barclays raised shares of Tyson Foods from an “underweight” rating to an “overweight” rating and raised their target price for the stock from $53.00 to $69.00 in a research report on Tuesday, April 16th. Finally, Stephens reaffirmed an “overweight” rating and set a $70.00 target price on shares of Tyson Foods in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Tyson Foods has a consensus rating of “Hold” and a consensus price target of $60.60.

Tyson Foods Stock Up 0.4 %

Shares of NYSE:TSN opened at $59.14 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. Tyson Foods has a 12 month low of $44.94 and a 12 month high of $62.04. The company has a 50-day moving average price of $57.89 and a 200 day moving average price of $53.62. The company has a market cap of $21.07 billion, a price-to-earnings ratio of -23.94, a PEG ratio of 0.49 and a beta of 0.74.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.23. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The firm had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.16 billion. During the same quarter last year, the firm earned ($0.04) EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities research analysts predict that Tyson Foods will post 2.33 earnings per share for the current year.

Insider Activity at Tyson Foods

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

Institutional Investors Weigh In On Tyson Foods

Institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Tyson Foods by 1.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 64,789 shares of the company’s stock worth $3,271,000 after buying an additional 1,068 shares during the period. Raymond James & Associates lifted its stake in shares of Tyson Foods by 2.6% during the third quarter. Raymond James & Associates now owns 183,668 shares of the company’s stock worth $9,273,000 after buying an additional 4,618 shares during the period. Lindbrook Capital LLC lifted its stake in shares of Tyson Foods by 306.8% during the third quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock worth $36,000 after buying an additional 540 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Tyson Foods by 4.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 109,160 shares of the company’s stock worth $5,511,000 after buying an additional 4,382 shares during the period. Finally, IFM Investors Pty Ltd lifted its stake in shares of Tyson Foods by 3.2% during the third quarter. IFM Investors Pty Ltd now owns 56,511 shares of the company’s stock worth $2,853,000 after buying an additional 1,755 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

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.