Tyson Foods (NYSE:TSN) Stock Price Expected to Rise, Stephens Analyst Says

Tyson Foods (NYSE:TSN) had its price objective hoisted by investment analysts at Stephens from $60.00 to $63.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Stephens’ price target would indicate a potential upside of 10.38% from the stock’s current price.

Several other analysts have also recently commented on TSN. Bank of America decreased their price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. UBS Group started coverage on shares of Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price on the stock. Citigroup reduced their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Barclays reduced their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Tyson Foods has a consensus rating of “Hold” and an average target price of $61.10.

Tyson Foods Stock Up 0.1 %

TSN opened at $57.07 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. Tyson Foods has a fifty-two week low of $51.16 and a fifty-two week high of $66.88. The firm’s fifty day moving average is $58.56 and its 200 day moving average is $60.28. The stock has a market cap of $20.31 billion, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a net margin of 1.50% and a return on equity of 6.03%. The company had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. During the same quarter in the previous year, the company earned $0.69 EPS. Tyson Foods’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, sell-side analysts forecast that Tyson Foods will post 3.52 earnings per share for the current fiscal year.

Insider Transactions at Tyson Foods

In related news, insider Wes Morris sold 22,783 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the completion of the sale, the insider now owns 15,937 shares of the company’s stock, valued at $999,409.27. This represents a 58.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the transaction, the general counsel now owns 19,260 shares in the company, valued at $1,248,048. The trade was a 35.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 414,814 shares of company stock valued at $26,450,955. Company insiders own 2.03% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Brooklyn Investment Group increased its stake in Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after purchasing an additional 570 shares in the last quarter. Catalyst Capital Advisors LLC increased its stake in shares of Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after acquiring an additional 210 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Tyson Foods in the third quarter worth $36,000. SRS Capital Advisors Inc. increased its stake in shares of Tyson Foods by 58.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock worth $36,000 after acquiring an additional 229 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of Tyson Foods in the fourth quarter worth $42,000. Institutional investors and hedge funds 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.