Tyson Foods (TSN) Price Target Cut to $82.00

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.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 6th. The company reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.17. Tyson Foods had a return on equity of 18.84% and a net margin of 7.17%. The company had revenue of $10.05 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the previous year, the firm posted $1.28 earnings per share. Tyson Foods’s quarterly revenue was up 2.0% compared to the same quarter last year. equities research analysts forecast that Tyson Foods will post 5.89 EPS for the current fiscal year.

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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