Analysts Set Tyson Foods, Inc. (NYSE:TSN) Price Target at $59.22

Shares of Tyson Foods, Inc. (NYSE:TSN - Get Free Report) have earned an average rating of "Reduce" from the nine analysts that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $59.22.

A number of research firms have recently commented on TSN. StockNews.com raised Tyson Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, August 6th. Piper Sandler downgraded shares of Tyson Foods from a "neutral" rating to an "underweight" rating and decreased their price target for the company from $57.00 to $50.00 in a research note on Wednesday, September 25th. 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. Stephens started coverage on Tyson Foods in a research note on Thursday, October 3rd. They issued an "equal weight" rating and a $57.00 target price for the company. Finally, JPMorgan Chase & Co. increased their price target on Tyson Foods from $61.00 to $63.00 and gave the stock a "neutral" rating in a report on Tuesday, August 6th.

Institutional Trading of Tyson Foods

A number of institutional investors have recently added to or reduced their stakes in the stock. First Financial Corp IN bought a new position in shares of Tyson Foods in the first quarter worth approximately $35,000. Pittenger & Anderson Inc. purchased a new position in shares of Tyson Foods in the 1st quarter worth about $42,000. Mather Group LLC. purchased a new position in shares of Tyson Foods during the 1st quarter valued at about $49,000. Hantz Financial Services Inc. purchased a new position in shares of Tyson Foods during the second quarter worth approximately $54,000. Finally, Tompkins Financial Corp boosted its stake in shares of Tyson Foods by 42.1% in the 1st quarter. Tompkins Financial Corp now owns 989 shares of the company's stock valued at $58,000 after purchasing an additional 293 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Trading Up 0.1 %

NYSE TSN traded up $0.06 on Tuesday, hitting $58.29. 1,365,621 shares of the company's stock were exchanged, compared to its average volume of 2,500,549. Tyson Foods has a 52 week low of $44.94 and a 52 week high of $66.88. The stock has a 50-day moving average of $61.92 and a 200-day moving average of $59.64. 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 - Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.22. The business had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.21 billion. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. Tyson Foods's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. On average, analysts expect that Tyson Foods will post 2.82 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company 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 $0.49 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a dividend yield of 3.36%. Tyson Foods's payout ratio is presently -110.11%.

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.