Tyson Foods (NYSE:TSN) Price Target Increased to $58.00 by Analysts at BMO Capital Markets

Tyson Foods (NYSE:TSN) had its target price increased by analysts at BMO Capital Markets from $55.00 to $58.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ target price indicates a potential downside of 1.93% from the stock’s current price.

Other analysts have also issued reports about the stock. Citigroup lifted their target price on shares of Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. lifted their target price on shares of Tyson Foods from $58.00 to $59.00 in a research report on Monday. Barclays upgraded shares of Tyson Foods from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $53.00 to $69.00 in a research report on Tuesday, April 16th. Stephens reiterated an “overweight” rating and set a $70.00 target price on shares of Tyson Foods in a research report on Tuesday, February 6th. Finally, Bank of America upgraded shares of Tyson Foods from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $47.00 to $62.00 in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $60.60.

Tyson Foods Stock Performance

NYSE:TSN opened at $59.14 on Tuesday. The firm’s 50-day moving average is $57.89 and its 200-day moving average is $53.62. Tyson Foods has a 52-week low of $44.94 and a 52-week high of $62.04. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49. 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 issued its earnings results on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.16 billion. During the same period in the previous year, the business earned ($0.04) EPS. The firm’s revenue was down .5% on a year-over-year basis. Equities research analysts anticipate that Tyson Foods will post 2.33 earnings per share for the current year.

Insiders Place Their Bets

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 31,115 shares of the company’s stock, valued at $1,672,431.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.05% of the company’s stock.

Hedge Funds Weigh In On Tyson Foods

Institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Tyson Foods by 7.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 117,081 shares of the company’s stock worth $6,293,000 after acquiring an additional 7,921 shares during the last quarter. Check Capital Management Inc. CA bought a new stake in shares of Tyson Foods during the third quarter worth approximately $204,000. SG Americas Securities LLC raised its stake in shares of Tyson Foods by 157.1% during the fourth quarter. SG Americas Securities LLC now owns 47,188 shares of the company’s stock worth $2,536,000 after buying an additional 28,833 shares during the last quarter. Rafferty Asset Management LLC raised its stake in shares of Tyson Foods by 11.1% during the third quarter. Rafferty Asset Management LLC now owns 21,273 shares of the company’s stock worth $1,074,000 after buying an additional 2,129 shares during the last quarter. Finally, Markel Group Inc. raised its stake in shares of Tyson Foods by 28.3% during the third quarter. Markel Group Inc. now owns 577,500 shares of the company’s stock worth $29,158,000 after buying an additional 127,500 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Company Profile

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.