Tyson Foods (NYSE:TSN) Price Target Raised to $51.00

Tyson Foods (NYSE:TSN) had its price objective boosted by investment analysts at HSBC from $48.00 to $51.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “reduce” rating on the stock. HSBC’s price objective suggests a potential downside of 13.76% from the stock’s current price.

A number of other brokerages have also recently commented on TSN. Stephens reissued an “overweight” rating and issued a $70.00 price target on shares of Tyson Foods in a research report on Tuesday, February 6th. Citigroup boosted their target price on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Piper Sandler raised their price target on Tyson Foods from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Tuesday. 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 note on Tuesday, April 16th. Finally, StockNews.com upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus price target of $60.60.

Tyson Foods Price Performance

Shares of TSN stock opened at $59.14 on Tuesday. The business’s fifty day moving average is $57.89 and its 200 day moving average is $53.62. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The stock 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 has a twelve month low of $44.94 and a twelve month high of $62.04.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $13.16 billion. During the same period in the prior year, the firm earned ($0.04) EPS. The company’s revenue was down .5% compared to the same quarter last year. Research analysts expect that Tyson Foods will post 2.33 EPS for the current fiscal year.

Insider Activity

In related 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 sale, the director now owns 31,115 shares in the company, valued at $1,672,431.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.05% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of 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% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 64,789 shares of the company’s stock worth $3,271,000 after purchasing an additional 1,068 shares during the period. Raymond James & Associates increased its holdings in Tyson Foods by 2.6% during the third quarter. Raymond James & Associates now owns 183,668 shares of the company’s stock valued at $9,273,000 after buying an additional 4,618 shares during the last quarter. Lindbrook Capital LLC raised its position in Tyson Foods by 306.8% in the third quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock worth $36,000 after acquiring an additional 540 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Tyson Foods by 4.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 109,160 shares of the company’s stock worth $5,511,000 after acquiring an additional 4,382 shares during the last quarter. Finally, IFM Investors Pty Ltd grew its position in shares of Tyson Foods by 3.2% during the 3rd quarter. IFM Investors Pty Ltd now owns 56,511 shares of the company’s stock valued at $2,853,000 after acquiring an additional 1,755 shares during the period. 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.