Tyson Foods, Inc. (NYSE:TSN) had its price objective raised by equities research analysts at Royal Bank Of Canada from $68.00 to $70.00 in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 8.26% from the company’s previous close.
Other analysts also recently issued research reports about the company. BidaskClub upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. BMO Capital Markets reiterated a “buy” rating and set a $75.00 price target on shares of Tyson Foods in a research report on Thursday, June 15th. Vertical Research upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Mizuho started coverage on Tyson Foods in a research report on Wednesday, June 7th. They set a “buy” rating and a $71.00 price target for the company. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $76.00 price target on shares of Tyson Foods in a research report on Tuesday, May 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $69.21.
Tyson Foods (NYSE TSN) opened at 64.66 on Tuesday. The firm has a market cap of $23.73 billion, a P/E ratio of 13.51 and a beta of 0.26. Tyson Foods has a 52 week low of $55.72 and a 52 week high of $77.05. The firm’s 50-day moving average price is $62.11 and its 200 day moving average price is $62.12.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 7th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.10. The firm had revenue of $9.85 billion during the quarter, compared to the consensus estimate of $9.49 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $1.21 EPS. Equities analysts forecast that Tyson Foods will post $5.01 earnings per share for the current fiscal year.
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Institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc boosted its position in shares of Tyson Foods by 9.4% in the first quarter. IFP Advisors Inc now owns 2,111 shares of the company’s stock worth $130,000 after buying an additional 182 shares in the last quarter. Washington Trust Bank boosted its position in shares of Tyson Foods by 60.0% in the second quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock worth $140,000 after buying an additional 840 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its position in shares of Tyson Foods by 146.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,282 shares of the company’s stock worth $143,000 after buying an additional 1,357 shares in the last quarter. IHT Wealth Management LLC boosted its position in shares of Tyson Foods by 62.9% in the first quarter. IHT Wealth Management LLC now owns 2,850 shares of the company’s stock worth $177,000 after buying an additional 1,100 shares in the last quarter. Finally, Harbour Capital Advisors LLC purchased a new position in shares of Tyson Foods during the first quarter worth $196,000. 71.97% of the stock is currently owned by institutional investors.
About Tyson Foods
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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