Brokerages Set Tyson Foods, Inc. (NYSE:TSN) PT at $61.44

Tyson Foods, Inc. (NYSE:TSN) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $61.44.

TSN has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. lifted their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Bank of America cut their price objective on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Barclays raised their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Finally, BMO Capital Markets lifted their price objective on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 6th.

Institutional Investors Weigh In On Tyson Foods

Several institutional investors have recently made changes to their positions in the company. First Financial Corp IN acquired a new stake in Tyson Foods in the 1st quarter worth approximately $35,000. Pittenger & Anderson Inc. acquired a new position in shares of Tyson Foods during the first quarter worth approximately $42,000. Lindbrook Capital LLC lifted its holdings in shares of Tyson Foods by 42.0% during the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock worth $43,000 after buying an additional 214 shares during the last quarter. Mather Group LLC. acquired a new position in shares of Tyson Foods during the first quarter worth approximately $49,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of Tyson Foods during the second quarter worth approximately $54,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Price Performance

Tyson Foods stock opened at $61.40 on Friday. Tyson Foods has a 52-week low of $44.94 and a 52-week high of $66.88. The firm has a fifty day moving average of $61.56 and a 200-day moving average of $59.12. The firm has a market capitalization of $21.85 billion, a P/E ratio of -34.49, a PEG ratio of 0.43 and a beta of 0.78. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53.

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

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.19%. Tyson Foods’s dividend payout ratio (DPR) is presently -110.11%.

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.