Tyson Foods (NYSE:TSN) Price Target Raised to $76.00 at Barclays

Tyson Foods (NYSE:TSN) had its target price raised by equities researchers at Barclays from $72.00 to $76.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 20.29% from the company’s previous close.

A number of other research firms have also commented on TSN. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Bank of America reduced their price objective on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. BMO Capital Markets boosted 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, JPMorgan Chase & Co. increased their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus price target of $61.44.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $63.18 on Monday. The business has a 50-day moving average of $61.26 and a two-hundred day moving average of $58.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. Tyson Foods has a fifty-two week low of $44.94 and a fifty-two week high of $66.88. The stock has a market capitalization of $22.48 billion, a P/E ratio of -35.49, a P/E/G ratio of 0.46 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. The company had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.21 billion. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 earnings per share. On average, equities research analysts predict that Tyson Foods will post 2.82 EPS for the current fiscal year.

Institutional Trading of Tyson Foods

Institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of Tyson Foods by 0.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock valued at $804,450,000 after acquiring an additional 128,274 shares during the period. Pzena Investment Management LLC boosted its position in Tyson Foods by 18.4% in the second quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock valued at $713,654,000 after buying an additional 1,939,508 shares in the last quarter. Wellington Management Group LLP grew its stake in Tyson Foods by 6.2% during the fourth quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock worth $555,541,000 after buying an additional 606,518 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Tyson Foods by 153.2% in the fourth quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock valued at $259,456,000 after acquiring an additional 2,920,479 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its stake in shares of Tyson Foods by 76.9% in the fourth quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company’s stock valued at $181,122,000 after acquiring an additional 1,465,139 shares during the last quarter. Institutional investors and hedge funds 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.