Tyson Foods (NYSE:TSN) PT Raised to $51.00

Tyson Foods (NYSE:TSN) had its price target raised by stock analysts at HSBC from $48.00 to $51.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “reduce” rating on the stock. HSBC’s price objective indicates a potential downside of 13.76% from the stock’s previous close.

Several other equities analysts have also weighed in on the stock. Barclays upgraded shares of Tyson Foods from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $53.00 to $69.00 in a report on Tuesday, April 16th. The Goldman Sachs Group increased their price target on Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. BMO Capital Markets boosted their price objective on Tyson Foods from $55.00 to $58.00 and gave the company a “market perform” rating in a report on Tuesday. Citigroup increased 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. Finally, Bank of America upgraded shares of Tyson Foods from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $47.00 to $62.00 in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and an average target price of $60.60.

Tyson Foods Stock Performance

TSN stock opened at $59.14 on Tuesday. Tyson Foods has a 1-year low of $44.94 and a 1-year high of $62.04. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average price of $57.89 and a 200-day moving average price of $53.62. The firm has a market cap of $21.07 billion, a PE ratio of -23.94, a price-to-earnings-growth ratio of 0.49 and a beta of 0.74.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.23. The firm had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.16 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The company’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.04) earnings per share. As a group, equities research analysts expect that Tyson Foods will post 2.33 earnings per share for the current year.

Insider Buying and Selling at Tyson Foods

In other news, Director Noel W. White sold 9,000 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 31,115 shares in the company, valued at approximately $1,672,431.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.05% of the company’s stock.

Hedge Funds Weigh In On Tyson Foods

A number of hedge funds and other institutional investors have recently modified their holdings of TSN. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Tyson Foods by 7.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 117,081 shares of the company’s stock worth $6,293,000 after acquiring an additional 7,921 shares during the period. Check Capital Management Inc. CA purchased a new stake in shares of Tyson Foods during the 3rd quarter valued at $204,000. SG Americas Securities LLC raised its stake in shares of Tyson Foods by 157.1% during the 4th quarter. SG Americas Securities LLC now owns 47,188 shares of the company’s stock worth $2,536,000 after purchasing an additional 28,833 shares during the period. Rafferty Asset Management LLC boosted its holdings in shares of Tyson Foods by 11.1% in the 3rd quarter. Rafferty Asset Management LLC now owns 21,273 shares of the company’s stock worth $1,074,000 after buying an additional 2,129 shares during the last quarter. Finally, Markel Group Inc. grew its position in Tyson Foods by 28.3% during the third quarter. Markel Group Inc. now owns 577,500 shares of the company’s stock valued at $29,158,000 after buying an additional 127,500 shares during the period. Hedge funds and other 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.