Tyson Foods (NYSE:TSN) Receives New Coverage from Analysts at Stephens

Stephens initiated coverage on shares of Tyson Foods (NYSE:TSN - Get Free Report) in a research note issued to investors on Thursday, StockNewsAPI reports. The firm set an "equal weight" rating and a $57.00 price target on the stock. Stephens' price target would indicate a potential downside of 1.84% from the company's current price.

TSN has been the topic of several other reports. StockNews.com upgraded shares of Tyson Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, August 6th. Barclays lifted their target price on Tyson Foods from $72.00 to $76.00 and gave the stock an "overweight" rating in a research report on Monday, September 9th. Bank of America cut their price target on Tyson Foods from $62.00 to $60.00 and set a "neutral" rating for the company in a report on Wednesday, July 10th. Piper Sandler lowered Tyson Foods from a "neutral" rating to an "underweight" rating and decreased their price objective for the stock from $57.00 to $50.00 in a report on Wednesday, September 25th. Finally, BMO Capital Markets boosted their price objective on Tyson Foods from $58.00 to $60.00 and gave the company a "market perform" rating in a research report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $59.22.

Tyson Foods Stock Performance

Shares of NYSE:TSN traded down $1.14 during midday trading on Thursday, hitting $58.07. The company's stock had a trading volume of 1,609,046 shares, compared to its average volume of 2,520,526. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. The stock's 50 day simple moving average is $62.02 and its 200 day simple moving average is $59.59. The stock has a market capitalization of $20.73 billion, a price-to-earnings ratio of -32.62, a PEG ratio of 0.41 and a beta of 0.78. Tyson Foods has a fifty-two week low of $44.94 and a fifty-two week high of $66.88.

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

Hedge Funds Weigh In On Tyson Foods

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Czech National Bank grew its holdings in shares of Tyson Foods by 6.8% during the third quarter. Czech National Bank now owns 58,224 shares of the company's stock worth $3,468,000 after purchasing an additional 3,717 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Tyson Foods during the 2nd quarter worth about $1,284,000. New Wave Wealth Advisors LLC bought a new stake in Tyson Foods during the 2nd quarter worth about $5,434,000. B. Riley Wealth Advisors Inc. increased its position in Tyson Foods by 51.7% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 7,551 shares of the company's stock valued at $431,000 after acquiring an additional 2,575 shares in the last quarter. Finally, Creative Planning raised its stake in shares of Tyson Foods by 110.3% in the second quarter. Creative Planning now owns 67,958 shares of the company's stock worth $3,883,000 after acquiring an additional 35,649 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

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.