Tyson Foods (NYSE:TSN) had its target price decreased by stock analysts at BMO Capital Markets from $89.00 to $82.00 in a research report issued on Tuesday, August 7th, The Fly reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 30.55% from the company’s previous close.
A number of other equities analysts also recently commented on the company. Zacks Investment Research downgraded Tyson Foods from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Vertical Group downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research note on Friday, April 20th. restated a “sell” rating on shares of Tyson Foods in a research note on Thursday, July 5th. Royal Bank of Canada decreased their target price on Tyson Foods to $83.00 and set a “reduce” rating for the company in a research note on Tuesday, April 17th. Finally, ValuEngine downgraded Tyson Foods from a “sell” rating to a “strong sell” rating in a research note on Monday, July 30th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Tyson Foods has an average rating of “Hold” and an average target price of $75.73.
NYSE:TSN traded up $0.26 during mid-day trading on Tuesday, reaching $62.81. The stock had a trading volume of 2,781,800 shares, compared to its average volume of 2,369,737. The company has a market capitalization of $22.86 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 0.96 and a beta of 0.05. Tyson Foods has a 1-year low of $56.79 and a 1-year high of $84.65. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.66 and a current ratio of 1.48.
In other news, CEO Thomas P. Hayes sold 20,202 shares of Tyson Foods stock in a transaction that occurred on Sunday, July 1st. The stock was sold at an average price of $68.85, for a total transaction of $1,390,907.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Sally Grimes sold 19,258 shares of the business’s stock in a transaction that occurred on Sunday, July 1st. The stock was sold at an average price of $68.85, for a total value of $1,325,913.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,610 shares of company stock worth $2,727,593. Corporate insiders own 2.65% of the company’s stock.
A number of large investors have recently made changes to their positions in TSN. Unigestion Holding SA bought a new stake in Tyson Foods during the second quarter worth approximately $89,673,000. Wells Fargo & Company MN raised its holdings in Tyson Foods by 22.6% during the first quarter. Wells Fargo & Company MN now owns 5,035,871 shares of the company’s stock worth $368,575,000 after purchasing an additional 929,039 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Tyson Foods by 60.4% during the second quarter. Janus Henderson Group PLC now owns 1,471,638 shares of the company’s stock worth $101,325,000 after purchasing an additional 554,165 shares in the last quarter. Bank of Montreal Can bought a new stake in Tyson Foods during the second quarter worth approximately $35,457,000. Finally, Natixis raised its holdings in Tyson Foods by 560.3% during the second quarter. Natixis now owns 584,514 shares of the company’s stock worth $40,244,000 after purchasing an additional 495,989 shares in the last quarter. 70.44% of the stock is currently owned by hedge funds and other institutional investors.
About Tyson Foods
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.
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