Tyson Foods (NYSE:TSN) Now Covered by Analysts at The Goldman Sachs Group

Equities researchers at The Goldman Sachs Group initiated coverage on shares of Tyson Foods (NYSE:TSN - Get Free Report) in a report released on Monday,Briefing.com Automated Import reports. The brokerage set a "buy" rating and a $67.00 price target on the stock. The Goldman Sachs Group's price objective would suggest a potential upside of 23.21% from the company's current price.

Several other brokerages have also commented on TSN. JPMorgan Chase & Co. cut their price target on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Citigroup lifted their target price on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Stephens decreased their target price on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 6th. Finally, Wall Street Zen downgraded Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $63.11.

Tyson Foods Stock Performance

NYSE TSN opened at $54.38 on Monday. Tyson Foods has a fifty-two week low of $54.01 and a fifty-two week high of $66.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 1.67. The firm has a market capitalization of $19.37 billion, a P/E ratio of 21.16, a PEG ratio of 0.71 and a beta of 0.60. The stock has a 50-day simple moving average of $57.17 and a two-hundred day simple moving average of $58.32.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.85 by $0.07. Tyson Foods had a return on equity of 7.43% and a net margin of 1.70%. The business had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. During the same quarter in the prior year, the firm posted $0.62 EPS. The business's quarterly revenue was up .0% compared to the same quarter last year. On average, equities analysts forecast that Tyson Foods will post 3.8 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSN. Norges Bank acquired a new position in shares of Tyson Foods during the fourth quarter worth $175,086,000. AQR Capital Management LLC grew its position in Tyson Foods by 776.8% during the 1st quarter. AQR Capital Management LLC now owns 2,842,627 shares of the company's stock worth $180,933,000 after purchasing an additional 2,518,416 shares during the last quarter. Davis Selected Advisers increased its stake in Tyson Foods by 51.9% in the first quarter. Davis Selected Advisers now owns 4,679,582 shares of the company's stock valued at $298,604,000 after purchasing an additional 1,598,896 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Tyson Foods by 4,207.2% in the first quarter. Pacer Advisors Inc. now owns 1,635,237 shares of the company's stock valued at $104,344,000 after buying an additional 1,597,272 shares during the last quarter. Finally, Pzena Investment Management LLC boosted its stake in shares of Tyson Foods by 10.6% during the first quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock worth $846,379,000 after buying an additional 1,271,750 shares during the period. Institutional investors and hedge funds own 67.00% of the company's stock.

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.

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