Tyson Foods (NYSE:TSN) Stock Price Expected to Rise, Stephens Analyst Says

Tyson Foods (NYSE:TSN - Get Free Report) had its price target raised by equities research analysts at Stephens from $60.00 to $63.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Stephens' price target suggests a potential upside of 8.68% from the company's previous close.

TSN has been the topic of a number of other research reports. Barclays dropped their price target on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Bank of America lowered their price objective on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 15th. UBS Group started coverage on Tyson Foods in a report on Friday, January 10th. They set a "neutral" rating and a $62.00 price target on the stock. Piper Sandler upgraded shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price for the company in a research report on Tuesday. Finally, HSBC upgraded Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $61.10.

Tyson Foods Stock Up 1.0 %

Shares of TSN stock traded up $0.55 during trading hours on Tuesday, hitting $57.97. 1,191,071 shares of the company's stock traded hands, compared to its average volume of 2,392,087. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The stock's fifty day simple moving average is $58.27 and its two-hundred day simple moving average is $60.24. Tyson Foods has a 12-month low of $51.16 and a 12-month high of $66.88. The stock has a market cap of $20.63 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 0.85 and a beta of 0.80.

Tyson Foods (NYSE:TSN - Get Free Report) last released its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.79 by $0.35. The business had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a return on equity of 6.03% and a net margin of 1.50%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 earnings per share. On average, analysts expect that Tyson Foods will post 3.52 EPS for the current year.

Insider Transactions at Tyson Foods

In related news, Chairman John H. Tyson sold 185,394 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the completion of the transaction, the chairman now directly owns 3,003,374 shares of the company's stock, valued at $191,525,159.98. This represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Adam S. Deckinger sold 10,500 shares of Tyson Foods stock in a transaction on Friday, November 15th. The stock was sold at an average price of $64.80, for a total value of $680,400.00. Following the transaction, the general counsel now directly owns 19,260 shares of the company's stock, valued at approximately $1,248,048. This represents a 35.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 414,814 shares of company stock valued at $26,450,955. Insiders own 2.03% of the company's stock.

Institutional Trading of Tyson Foods

Several large investors have recently modified their holdings of TSN. Sanctuary Advisors LLC acquired a new position in shares of Tyson Foods during the second quarter worth approximately $1,284,000. Czech National Bank boosted its holdings in shares of Tyson Foods by 6.8% in the third quarter. Czech National Bank now owns 58,224 shares of the company's stock worth $3,468,000 after buying an additional 3,717 shares during the period. GAMMA Investing LLC grew its holdings in shares of Tyson Foods by 24.8% during the third quarter. GAMMA Investing LLC now owns 6,596 shares of the company's stock valued at $393,000 after buying an additional 1,311 shares in the last quarter. Mather Group LLC. lifted its position in shares of Tyson Foods by 46.5% in the third quarter. Mather Group LLC. now owns 2,300 shares of the company's stock worth $137,000 after purchasing an additional 730 shares in the last quarter. Finally, Sage Capital Advisors llc boosted its stake in shares of Tyson Foods by 0.9% during the 3rd quarter. Sage Capital Advisors llc now owns 102,626 shares of the company's stock valued at $6,112,000 after buying an additional 917 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

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.