Citigroup Forecasts Strong Price Appreciation for Tyson Foods (NYSE:TSN) Stock

Tyson Foods (NYSE:TSN - Get Free Report) had its target price upped by investment analysts at Citigroup from $59.00 to $60.00 in a report released on Tuesday, MarketBeat.com reports. The firm currently has a "neutral" rating on the stock. Citigroup's target price suggests a potential downside of 1.90% from the stock's previous close.

Several other research firms have also commented on TSN. Barclays decreased their target price 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. Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target for the company in a report on Tuesday, February 4th. Stephens boosted their target price on Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, UBS Group started coverage on shares of Tyson Foods in a report on Friday, January 10th. They set a "neutral" rating and a $62.00 price target for the company. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $61.78.

Tyson Foods Stock Performance

TSN stock traded up $0.51 during trading hours on Tuesday, hitting $61.17. 2,520,398 shares of the stock were exchanged, compared to its average volume of 2,326,085. Tyson Foods has a 12 month low of $53.61 and a 12 month high of $66.88. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The company has a 50-day simple moving average of $60.39 and a two-hundred day simple moving average of $59.63. The firm has a market capitalization of $21.79 billion, a P/E ratio of 20.66, a P/E/G ratio of 0.74 and a beta of 0.62.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.35. The company had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.69 earnings per share. On average, analysts forecast that Tyson Foods will post 3.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TSN. Park Square Financial Group LLC bought a new position in shares of Tyson Foods in the fourth quarter valued at approximately $25,000. Riverview Trust Co increased its position in shares of Tyson Foods by 3,423.1% during the 4th quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after purchasing an additional 445 shares during the last quarter. Curat Global LLC bought a new stake in shares of Tyson Foods during the 1st quarter worth $28,000. Brooklyn Investment Group boosted its holdings in shares of Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company's stock worth $34,000 after buying an additional 570 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its position in Tyson Foods by 58.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock valued at $36,000 after buying an additional 229 shares during the period. 67.00% of the stock is owned by institutional investors.

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.