Investment analysts at UBS Group started coverage on shares of Tyson Foods (NYSE:TSN - Get Free Report) in a research report issued on Friday, MarketBeat reports. The brokerage set a "neutral" rating and a $62.00 price target on the stock. UBS Group's target price would suggest a potential upside of 14.24% from the stock's previous close.
A number of other research firms have also recently issued reports on TSN. Piper Sandler boosted their price objective on Tyson Foods from $50.00 to $58.00 and gave the company an "underweight" rating in a research report on Wednesday, November 13th. Stephens increased their price objective on Tyson Foods from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. Citigroup dropped their target price on shares of Tyson Foods from $63.00 to $60.00 and set a "neutral" rating for the company in a research report on Wednesday, October 9th. Bank of America reduced their target price on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, October 15th. Finally, BMO Capital Markets raised their price target on Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Tyson Foods currently has a consensus rating of "Hold" and an average target price of $60.80.
Read Our Latest Stock Report on Tyson Foods
Tyson Foods Stock Performance
TSN stock traded down $1.19 on Friday, reaching $54.27. 3,204,775 shares of the company were exchanged, compared to its average volume of 2,612,363. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. The firm has a market capitalization of $19.31 billion, a PE ratio of 24.12, a PEG ratio of 0.91 and a beta of 0.81. The stock's fifty day moving average price is $60.48 and its 200 day moving average price is $60.37. Tyson Foods has a 12 month low of $51.16 and a 12 month high of $66.88.
Insiders Place Their Bets
In other Tyson Foods news, Director Noel W. White sold 171,057 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the completion of the transaction, the director now owns 36,179 shares of the company's stock, valued at approximately $2,304,602.30. The trade was a 82.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Wes Morris sold 22,783 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the completion of the sale, the insider now owns 15,937 shares in the company, valued at approximately $999,409.27. The trade was a 58.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 414,814 shares of company stock worth $26,450,955 in the last quarter. Corporate insiders own 2.03% of the company's stock.
Hedge Funds Weigh In On Tyson Foods
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp increased its stake in shares of Tyson Foods by 6.9% in the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company's stock valued at $792,438,000 after acquiring an additional 859,351 shares in the last quarter. Pzena Investment Management LLC increased its position in Tyson Foods by 0.4% in the 3rd quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company's stock valued at $747,108,000 after buying an additional 54,217 shares in the last quarter. Geode Capital Management LLC raised its stake in Tyson Foods by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company's stock worth $404,559,000 after buying an additional 87,054 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Tyson Foods by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company's stock worth $140,439,000 after acquiring an additional 39,252 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its stake in Tyson Foods by 6.8% in the third quarter. Thompson Siegel & Walmsley LLC now owns 1,165,916 shares of the company's stock valued at $69,442,000 after acquiring an additional 73,764 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.
About Tyson Foods
(
Get Free Report)
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.
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