Tyson Foods (NYSE:TSN) PT Lowered to $60.00

Tyson Foods (NYSE:TSNGet Free Report) had its target price lowered by Bank of America from $62.00 to $60.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Bank of America‘s price target would suggest a potential upside of 7.47% from the stock’s previous close.

Several other research analysts also recently commented on TSN. Piper Sandler boosted their target price on Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a report on Wednesday, July 3rd. The Goldman Sachs Group upped their target price on Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. BMO Capital Markets upped their target price on Tyson Foods from $55.00 to $58.00 and gave the company a “market perform” rating in a report on Tuesday, May 7th. Finally, Barclays raised shares of Tyson Foods from an “underweight” rating to an “overweight” rating and raised their price objective for the stock from $53.00 to $69.00 in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $60.00.

Check Out Our Latest Stock Report on TSN

Tyson Foods Price Performance

TSN stock traded down $0.08 during midday trading on Wednesday, reaching $55.83. The company had a trading volume of 383,267 shares, compared to its average volume of 2,691,387. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 0.87. The company has a market capitalization of $19.93 billion, a price-to-earnings ratio of -31.38, a price-to-earnings-growth ratio of 0.40 and a beta of 0.74. Tyson Foods has a 1-year low of $44.94 and a 1-year high of $62.04. The stock has a 50 day moving average price of $57.77 and a 200-day moving average price of $56.49.

Tyson Foods (NYSE:TSNGet Free Report) last issued its earnings results on Monday, May 6th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.39 by $0.23. The firm had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.16 billion. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. Equities research analysts expect that Tyson Foods will post 2.6 earnings per share for the current year.

Hedge Funds Weigh In On Tyson Foods

A number of large investors have recently modified their holdings of TSN. Pzena Investment Management LLC lifted its holdings in shares of Tyson Foods by 79.2% in the 1st quarter. Pzena Investment Management LLC now owns 10,550,056 shares of the company’s stock worth $619,605,000 after purchasing an additional 4,662,332 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Tyson Foods by 153.2% in the 4th quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock worth $259,456,000 after purchasing an additional 2,920,479 shares in the last quarter. Norges Bank bought a new position in shares of Tyson Foods in the 4th quarter worth $89,286,000. Royal London Asset Management Ltd. lifted its holdings in shares of Tyson Foods by 76.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company’s stock worth $181,122,000 after purchasing an additional 1,465,139 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Tyson Foods by 14,668.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 632,366 shares of the company’s stock worth $37,139,000 after purchasing an additional 628,084 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.

About Tyson Foods

(Get Free Report)

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.

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Analyst Recommendations for Tyson Foods (NYSE:TSN)

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