Tyson Foods (NYSE:TSN) Upgraded by Wall Street Zen to "Buy" Rating

Key Points

• Wall Street Zen upgraded Tyson Foods from “hold” to “buy,” adding to a mixed analyst backdrop that still leaves the stock at a consensus “hold” rating overall.
• Tyson Foods recently reported better-than-expected quarterly results, with EPS of $0.87 versus $0.76 estimated and revenue of $13.65 billion slightly above forecasts.
• The stock was trading near its 52-week high at $68.44, and institutional ownership remains high at about 67%.

Tyson Foods (NYSE:TSN - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

Several other equities analysts have also issued reports on TSN. Argus upgraded shares of Tyson Foods to a "hold" rating in a report on Friday, February 6th. Barclays boosted their target price on shares of Tyson Foods from $75.00 to $78.00 and gave the company an "overweight" rating in a report on Tuesday, February 3rd. Sanford C. Bernstein restated a "market perform" rating and issued a $69.00 target price on shares of Tyson Foods in a report on Tuesday, February 3rd. BMO Capital Markets restated an "outperform" rating on shares of Tyson Foods in a report on Tuesday. Finally, Piper Sandler restated an "overweight" rating and issued a $80.00 target price on shares of Tyson Foods in a report on Monday. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Tyson Foods presently has a consensus rating of "Hold" and an average price target of $68.27.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $68.44 on Friday. The firm has a market cap of $24.09 billion, a PE ratio of 53.89, a price-to-earnings-growth ratio of 1.39 and a beta of 0.40. The firm's fifty day moving average is $63.35 and its 200-day moving average is $60.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.66 and a current ratio of 1.83. Tyson Foods has a 52 week low of $50.56 and a 52 week high of $69.48.

Tyson Foods (NYSE:TSN - Get Free Report) last released its earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.11. The business had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. Tyson Foods's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 earnings per share. Sell-side analysts predict that Tyson Foods will post 4.1 earnings per share for the current year.

Hedge Funds Weigh In On Tyson Foods

Several institutional investors have recently made changes to their positions in the stock. Markel Group Inc. grew its position in Tyson Foods by 4.0% in the 3rd quarter. Markel Group Inc. now owns 848,500 shares of the company's stock worth $46,074,000 after purchasing an additional 32,500 shares in the last quarter. JPMorgan Chase & Co. grew its position in Tyson Foods by 73.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company's stock worth $102,042,000 after purchasing an additional 795,710 shares in the last quarter. Liberty One Investment Management LLC grew its position in shares of Tyson Foods by 32.1% during the 3rd quarter. Liberty One Investment Management LLC now owns 113,798 shares of the company's stock valued at $6,179,000 after acquiring an additional 27,627 shares during the period. Polaris Capital Management LLC increased its stake in shares of Tyson Foods by 20.4% during the 3rd quarter. Polaris Capital Management LLC now owns 543,248 shares of the company's stock worth $29,498,000 after purchasing an additional 91,900 shares during the last quarter. Finally, Inscription Capital LLC increased its stake in shares of Tyson Foods by 262.9% during the 3rd quarter. Inscription Capital LLC now owns 26,964 shares of the company's stock worth $1,464,000 after purchasing an additional 19,533 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Company Profile

Tyson Foods, Inc NYSE: TSN is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world's largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company's product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.

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