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.
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.
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.
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