Tyson Foods (NYSE:TSN – Get Rating) was upgraded by investment analysts at Piper Sandler from an “underweight” rating to a “neutral” rating in a research report issued on Tuesday, Stock Target Advisor reports. The firm presently has a $79.00 price objective on the stock. Piper Sandler’s price objective would indicate a potential downside of 1.37% from the company’s current price. The analysts noted that the move was a valuation call.
Separately, StockNews.com downgraded Tyson Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, May 13th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $97.71.
Tyson Foods Stock Performance
Shares of Tyson Foods stock opened at $80.10 on Tuesday. Tyson Foods has a one year low of $74.00 and a one year high of $100.72. The company has a market cap of $29.03 billion, a PE ratio of 7.21 and a beta of 0.66. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.86 and a current ratio of 1.93. The business has a 50-day simple moving average of $84.97 and a 200-day simple moving average of $89.18.
Tyson Foods (NYSE:TSN – Get Rating) last announced its quarterly earnings data on Monday, August 8th. The company reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.03). The company had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.25 billion. Tyson Foods had a return on equity of 21.13% and a net margin of 7.90%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.70 earnings per share. On average, equities research analysts forecast that Tyson Foods will post 9.04 EPS for the current fiscal year.
Insider Transactions at Tyson Foods
In other news, EVP Amy Tu sold 3,346 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $90.30, for a total transaction of $302,143.80. Following the transaction, the executive vice president now directly owns 51,381 shares in the company, valued at $4,639,704.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.85% of the company’s stock.
Institutional Investors Weigh In On Tyson Foods
Hedge funds have recently modified their holdings of the stock. Arlington Partners LLC acquired a new stake in shares of Tyson Foods during the second quarter worth $25,000. Bank of New Hampshire acquired a new stake in shares of Tyson Foods during the first quarter worth $27,000. Hallmark Capital Management Inc. acquired a new stake in Tyson Foods in the second quarter valued at $26,000. Core Alternative Capital lifted its holdings in Tyson Foods by 136.2% in the second quarter. Core Alternative Capital now owns 307 shares of the company’s stock valued at $26,000 after acquiring an additional 177 shares during the period. Finally, Tcwp LLC acquired a new stake in Tyson Foods in the first quarter valued at $28,000. 66.94% of the stock is 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 live market 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; and supplies poultry breeding stock; sells specialty products, such as hides and meats.