Tyson Foods, Inc. (NYSE:TSN) Stock Has Average Target Price of $67.89 According to Brokerages

Key Points

• Analysts maintain a consensus “Hold” rating on Tyson Foods, with six holds, five buys, and one sell; the average 12-month price target is $67.89.
• Tyson’s latest quarterly results met earnings expectations at $0.99 per share, while revenue of $13.87 billion fell short of estimates and declined slightly year over year.
• The company declared a quarterly dividend of $0.51, equivalent to $2.04 annually and a 3.9% yield, though its reported payout ratio was high at 125.93%.

Tyson Foods, Inc. (NYSE:TSN - Get Free Report) has earned a consensus rating of "Hold" from the twelve research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $67.89.

A number of analysts have commented on the company. Weiss Ratings cut Tyson Foods from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, September 24th. BMO Capital Markets cut their price objective on Tyson Foods from $75.00 to $65.00 and set an "outperform" rating on the stock in a report on Friday, September 4th. HSBC decreased their target price on Tyson Foods from $74.00 to $69.00 and set a "hold" rating for the company in a report on Wednesday, July 29th. Barclays dropped their target price on Tyson Foods from $78.00 to $75.00 and set an "overweight" rating on the stock in a research report on Friday, September 4th. Finally, Zacks Research downgraded shares of Tyson Foods from a "hold" rating to a "strong sell" rating in a report on Thursday, August 6th.

Tyson Foods Trading Up 2.8%

NYSE TSN opened at $51.89 on Friday. The company has a fifty day simple moving average of $55.17 and a two-hundred day simple moving average of $59.25. The stock has a market cap of $18.25 billion, a P/E ratio of 32.03, a P/E/G ratio of 0.80 and a beta of 0.40. Tyson Foods has a 12-month low of $49.96 and a 12-month high of $69.48. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.36.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.99 earnings per share for the quarter, meeting analysts' consensus estimates of $0.99. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. The firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $14.07 billion. During the same period in the previous year, the company earned $0.91 earnings per share. The business's quarterly revenue was down .1% compared to the same quarter last year. On average, analysts forecast that Tyson Foods will post 3.53 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, December 1st. Tyson Foods's dividend payout ratio is 125.93%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Ascentis Independent Advisors purchased a new stake in Tyson Foods in the first quarter valued at $30,000. Basecamp Wealth Advisors LLC raised its stake in shares of Tyson Foods by 272.8% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 466 shares of the company's stock valued at $30,000 after buying an additional 341 shares during the last quarter. Cedar Mountain Advisors LLC lifted its holdings in shares of Tyson Foods by 293.5% in the 1st quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company's stock valued at $31,000 after buying an additional 364 shares during the period. Archer Investment Corp purchased a new stake in shares of Tyson Foods in the second quarter worth about $31,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of Tyson Foods by 846.8% in the first quarter. Meeder Asset Management Inc. now owns 729 shares of the company's stock worth $47,000 after buying an additional 652 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

About Tyson Foods

Tyson Foods, Inc is a food company that produces and markets protein-based food products for retail grocery, foodservice, and industrial customers. Its principal businesses include poultry, beef, pork, and prepared foods, with products ranging from fresh and frozen meats to ready-to-eat and convenience-oriented meals.

The company's portfolio includes Tyson-branded products as well as brands such as Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, and Sara Lee Frozen Bakery. Tyson Foods also supplies private-label and customized food products to customers in the restaurant, hospitality, institutional, and food-manufacturing sectors.

Founded by John W.

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