Tyson Foods, Inc. (NYSE:TSN) Receives $59.22 Average Target Price from Brokerages

Shares of Tyson Foods, Inc. (NYSE:TSN) have been assigned an average recommendation of “Reduce” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $59.22.

Several research analysts have recently commented on TSN shares. Bank of America cut their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Barclays raised their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. BMO Capital Markets upped their target price on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. Finally, Citigroup lowered their price target on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $58.32 on Friday. The company has a 50 day moving average of $60.73 and a 200 day moving average of $59.71. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. Tyson Foods has a 12 month low of $45.13 and a 12 month high of $66.88. The stock has a market cap of $20.75 billion, a P/E ratio of -972.00, a P/E/G ratio of 0.38 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.22. The company had revenue of $13.35 billion during the quarter, compared to analyst estimates of $13.21 billion. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $0.15 earnings per share. As a group, sell-side analysts forecast that Tyson Foods will post 2.82 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Friday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is presently -3,266.67%.

Hedge Funds Weigh In On Tyson Foods

Several institutional investors and hedge funds have recently bought and sold shares of TSN. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Tyson Foods by 3.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,421 shares of the company’s stock worth $553,000 after purchasing an additional 336 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Tyson Foods by 1,068.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 217,479 shares of the company’s stock valued at $12,773,000 after acquiring an additional 198,863 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Tyson Foods by 1.2% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 687,851 shares of the company’s stock valued at $40,397,000 after purchasing an additional 7,833 shares in the last quarter. Norden Group LLC purchased a new position in shares of Tyson Foods during the first quarter valued at about $634,000. Finally, Retirement Systems of Alabama raised its stake in Tyson Foods by 0.5% in the first quarter. Retirement Systems of Alabama now owns 63,199 shares of the company’s stock worth $3,712,000 after buying an additional 337 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Company Profile

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.