Tyson Foods (NYSE:TSN) Price Target Raised to $62.00

Tyson Foods (NYSE:TSN - Get Free Report) had its price objective increased by Citigroup from $57.00 to $62.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's target price points to a potential upside of 7.25% from the stock's previous close.

TSN has been the subject of a number of other reports. Bank of America upgraded Tyson Foods from an "underperform" rating to a "neutral" rating and raised their price target for the company from $47.00 to $62.00 in a research note on Tuesday, February 6th. Barclays raised their price target on Tyson Foods from $50.00 to $53.00 and gave the company an "underweight" rating in a research note on Tuesday, February 6th. Piper Sandler raised their price target on Tyson Foods from $44.00 to $48.00 and gave the company a "neutral" rating in a research note on Friday, January 26th. StockNews.com upgraded Tyson Foods from a "sell" rating to a "hold" rating in a research note on Monday, January 22nd. Finally, Stephens restated an "overweight" rating and issued a $70.00 price target on shares of Tyson Foods in a research note on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $58.20.

Tyson Foods Stock Up 0.4 %

Tyson Foods stock traded up $0.21 during midday trading on Wednesday, reaching $57.81. The stock had a trading volume of 2,925,665 shares, compared to its average volume of 3,044,741. The firm's fifty day simple moving average is $55.10 and its 200-day simple moving average is $51.80. Tyson Foods has a 1-year low of $44.94 and a 1-year high of $63.28. The stock has a market capitalization of $20.60 billion, a P/E ratio of -23.28, a price-to-earnings-growth ratio of 0.46 and a beta of 0.77. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.28. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The business had revenue of $13.32 billion for the quarter, compared to analyst estimates of $13.34 billion. During the same quarter last year, the firm earned $0.85 EPS. Tyson Foods's revenue for the quarter was up .4% compared to the same quarter last year. As a group, analysts expect that Tyson Foods will post 2.35 EPS for the current fiscal year.

Insider Activity at Tyson Foods

In related news, Director Noel W. White sold 9,000 shares of the business's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the completion of the sale, the director now directly owns 31,115 shares in the company, valued at approximately $1,672,431.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.05% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tyson Foods

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSN. Cantor Fitzgerald Investment Advisor L.P raised its holdings in Tyson Foods by 94.9% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 317,286 shares of the company's stock valued at $28,439,000 after acquiring an additional 154,507 shares in the last quarter. Markel Corp raised its holdings in Tyson Foods by 2.1% in the 1st quarter. Markel Corp now owns 384,500 shares of the company's stock valued at $34,463,000 after acquiring an additional 8,000 shares in the last quarter. Aviva PLC raised its holdings in Tyson Foods by 25.5% in the 1st quarter. Aviva PLC now owns 121,466 shares of the company's stock valued at $10,887,000 after acquiring an additional 24,669 shares in the last quarter. Prudential PLC acquired a new position in Tyson Foods in the 1st quarter valued at $747,000. Finally, Vanguard Group Inc. raised its holdings in Tyson Foods by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company's stock valued at $3,332,404,000 after acquiring an additional 2,239,235 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

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.