Tyson Foods (TSN) PT Lowered to $83.00

Tyson Foods (NYSE:TSN) had its price objective cut by equities research analysts at Royal Bank of Canada to $83.00 in a report released on Tuesday, The Fly reports. The firm presently has a “reduce” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 16.23% from the company’s current price.

Other research analysts also recently issued reports about the company. KeyCorp reiterated a “buy” rating and issued a $88.00 target price on shares of Tyson Foods in a research note on Thursday, December 21st. ValuEngine upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research note on Saturday, January 20th. Piper Jaffray set a $92.00 target price on Tyson Foods and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Mizuho set a $92.00 target price on Tyson Foods and gave the company a “buy” rating in a research note on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. Tyson Foods currently has an average rating of “Hold” and an average price target of $75.87.

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Shares of TSN stock traded up $0.12 during midday trading on Tuesday, hitting $71.41. The company had a trading volume of 380,107 shares, compared to its average volume of 2,212,380. Tyson Foods has a 52-week low of $57.20 and a 52-week high of $84.65. The company has a market capitalization of $25,822.56, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 0.96 and a beta of 0.19. The company has a current ratio of 1.51, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74.

Tyson Foods (NYSE:TSN) last announced its earnings results on Thursday, February 8th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.30. Tyson Foods had a return on equity of 19.25% and a net margin of 7.15%. The company had revenue of $10.23 billion for the quarter, compared to the consensus estimate of $9.88 billion. During the same period last year, the business posted $1.59 EPS. The company’s revenue was up 11.4% on a year-over-year basis. equities analysts predict that Tyson Foods will post 6.65 earnings per share for the current fiscal year.

In other Tyson Foods news, insider Stephen R. Stouffer sold 15,489 shares of the business’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $74.22, for a total transaction of $1,149,593.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gaurdie E. Jr. Banister sold 7,800 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $75.56, for a total value of $589,368.00. The disclosure for this sale can be found here. 1.55% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its position in Tyson Foods by 10.6% during the fourth quarter. BlackRock Inc. now owns 22,658,190 shares of the company’s stock worth $1,836,900,000 after purchasing an additional 2,168,652 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Tyson Foods by 3.8% in the fourth quarter. Alliancebernstein L.P. now owns 6,377,778 shares of the company’s stock worth $517,046,000 after acquiring an additional 232,637 shares during the last quarter. Iridian Asset Management LLC CT raised its holdings in shares of Tyson Foods by 13.0% in the fourth quarter. Iridian Asset Management LLC CT now owns 5,462,289 shares of the company’s stock worth $442,828,000 after acquiring an additional 629,241 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Tyson Foods by 98.3% in the fourth quarter. Wells Fargo & Company MN now owns 4,106,832 shares of the company’s stock worth $332,940,000 after acquiring an additional 2,035,714 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Tyson Foods by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 3,577,954 shares of the company’s stock worth $289,537,000 after acquiring an additional 87,129 shares during the last quarter. Institutional investors own 71.44% of the company’s stock.

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Tyson Foods Company Profile

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.

The Fly

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