Tyson Foods (NYSE: TSN – Get a rating) has been updated by analysts from StockNews.com from a “hold” rating to a “buy” rating in a research report released Thursday.
A number of other analysts have also weighed in on TSN recently. Stephens cut his price target on Tyson Foods shares from $100.00 to $95.00 and set an “overweight” rating for the company in a Tuesday, Aug. 9 report. Bank of America downgraded Tyson Foods shares from a ‘neutral’ to an ‘underperforming’ rating and cut its price target for the company from $73.00 to $61.00 in a research report Wednesday. Argus downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a Tuesday, September 13 research report. Barclays cut its price target on Tyson Foods shares from $100.00 to $89.00 and set an “equal weight” rating for the company in a Tuesday, August 9 research report. Finally, Goldman Sachs Group cut its price target on Tyson Foods shares from $111.00 to $97.00 and set a “buy” rating for the company in a research report on Monday. One research analyst rated the stock with a sell rating, six gave the company a hold rating and three gave the company a buy rating. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $88.00.
Tyson Foods is trading down 5.3%
Tyson Foods Stock opened at $64.11 on Thursday. The stock has a market capitalization of $23.06 billion, a PE ratio of 5.76 and a beta of 0.72. Tyson Foods has a 12-month low of $62.94 and a 12-month high of $100.72. The company has a debt ratio of 0.42, a current ratio of 1.99 and a quick ratio of 0.85. The company has a 50-day simple moving average of $68.65 and a 200-day simple moving average of $79.68.
Tyson Foods (NYSE: TSN – Get a rating) last released its results on Monday, August 8. The company reported earnings per share of $1.94 for the quarter, beating analyst consensus estimates of $1.91 by $0.03. The company posted revenue of $13.50 billion in the quarter, compared to $13.25 billion expected by analysts. Tyson Foods had a net margin of 7.75% and a return on equity of 18.42%. The company’s revenue for the quarter increased by 8.2% compared to the same quarter last year. During the same period last year, the company posted earnings per share of $2.70. As a group, equity research analysts expect Tyson Foods to post EPS of 8.79 for the current fiscal year.
Institutional investors weigh in on Tyson Foods
Institutional investors have recently changed their stake in the company. Polaris Capital Management LLC increased its position in Tyson Foods by 372.5% during the second quarter. Polaris Capital Management LLC now owns 3,204,200 shares of the company worth $95,897,000 after acquiring 2,526,087 additional shares in the last quarter. Vanguard Group Inc. raised its position in Tyson Foods shares by 6.4% in the first quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company valued at $3,332,404,000 after purchasing an additional 2,239,235 shares during the period. AQR Capital Management LLC raised its position in Tyson Foods shares by 87.7% in the second quarter. AQR Capital Management LLC now owns 3,246,414 shares of the company valued at $278,445,000 after purchasing an additional 1,517,165 shares during the period. Walker Asset Management LLC increased its position in Tyson Foods shares by 6,100.0% in the second quarter. Walker Asset Management LLC now owns 1,304,294 shares of the company valued at $116,854,000 after purchasing an additional 1,283,257 shares during the period. Finally, Invesco Ltd. raised its position in Tyson Foods shares by 33.3% in the first quarter. Invesco Ltd. now owns 3,653,878 shares of the company valued at $327,497,000 after purchasing an additional 912,421 shares during the period. Institutional investors and hedge funds hold 68.55% of the company’s shares.
Tyson Foods Company Profile
Tyson Foods, Inc, together with its subsidiaries, operates as a worldwide food company. It operates through four segments: beef, pork, chicken and ready meals. The company processes live feeder cattle and live market hogs; manufactures dressed beef and pork carcasses in primary and sub-primary meat cuts, as well as ready-to-eat beef and pork and fully cooked meats; raises and processes chickens into fresh, frozen and value-added chicken products; and provides poultry breeding stock; sells specialty products, such as hides and meats.
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