Tyson Foods (NYSE:TSN) Upgraded at ValuEngine

Tyson Foods (NYSE:TSN) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Monday, November 20th.

A number of other equities research analysts also recently commented on the company. upgraded Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 price objective for the company in a report on Wednesday, November 15th. Argus upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Wednesday, November 15th. BMO Capital Markets increased their price target on Tyson Foods to $89.00 and gave the stock an “outperform” rating in a report on Tuesday, November 14th. Pivotal Research upgraded Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 price target for the company in a report on Monday, November 13th. Finally, Morgan Stanley assumed coverage on Tyson Foods in a report on Friday, November 3rd. They set an “equal weight” rating and a $76.00 price objective for the company. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $73.71.

Tyson Foods (TSN) traded down $0.06 during trading on Monday, reaching $83.29. The company’s stock had a trading volume of 1,937,787 shares, compared to its average volume of 2,650,770. The company has a current ratio of 1.55, a quick ratio of 0.75 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $30,726.51, a price-to-earnings ratio of 15.74 and a beta of 0.36. Tyson Foods has a one year low of $57.05 and a one year high of $84.65.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, November 13th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.05. Tyson Foods had a return on equity of 19.64% and a net margin of 4.64%. The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.93 billion. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The business’s revenue was up 10.8% on a year-over-year basis. equities analysts forecast that Tyson Foods will post 5.81 EPS for the current year.

In other news, insider Stephen R. Stouffer sold 9,238 shares of Tyson Foods stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $81.23, for a total value of $750,402.74. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Dennis Leatherby sold 115,293 shares of Tyson Foods stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $82.09, for a total value of $9,464,402.37. The disclosure for this sale can be found here. Over the last three months, insiders have sold 154,545 shares of company stock valued at $12,631,312. 2.65% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Koch Industries Inc. boosted its holdings in shares of Tyson Foods by 13,862.2% during the 2nd quarter. Koch Industries Inc. now owns 776,858 shares of the company’s stock valued at $765,000 after acquiring an additional 771,294 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Tyson Foods by 2,014.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 319,534 shares of the company’s stock valued at $22,511,000 after acquiring an additional 304,421 shares in the last quarter. TIAA FSB acquired a new stake in shares of Tyson Foods during the 3rd quarter valued at $3,813,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its holdings in Tyson Foods by 130.5% during the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 241,411 shares of the company’s stock worth $15,849,000 after buying an additional 136,695 shares during the period. Finally, BT Investment Management Ltd acquired a new position in Tyson Foods during the 2nd quarter worth about $15,974,000. 71.57% of the stock is currently owned by institutional investors.

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Tyson Foods Company Profile

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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