Tyson Foods (TSN) – Analysts’ Recent Ratings Changes

Tyson Foods (NYSE: TSN) has recently received a number of price target changes and ratings updates:

  • 11/28/2018 – Tyson Foods was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 11/26/2018 – Tyson Foods was given a new $72.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 11/14/2018 – Tyson Foods had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $78.00 price target on the stock.
  • 11/13/2018 – Tyson Foods had its “sell” rating reaffirmed by analysts at Pivotal Research. They now have a $40.00 price target on the stock.
  • 10/23/2018 – Tyson Foods is now covered by analysts at Standpoint Research. They set a “buy” rating and a $74.00 price target on the stock.
  • 10/16/2018 – Tyson Foods was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Tyson Foods has lagged the industry in the past three months thanks to volatile market conditions in the Chicken and Pork categories. Sadly, management expects domestic and export prices of chicken and pork to be negatively impacted by increased tariff rates in 2018. This as well as a tough commodity market propelled management to narrow its fiscal 2018 earnings view. Also, higher freight costs have been hurting Tyson Foods’ operating income for a while and are likely to linger in fiscal 2018. Nonetheless, Tyson Foods’ Beef and Prepared Foods segments have been growing steadily on the back of rising demand for protein-rich products. In fact, this, combined with savings from the Financial Fitness program, benefits from tax reforms and synergies from the AdvancePierre’ buyout were key drivers of Tyson Foods’ third-quarter fiscal 2018 performance. Notably, protein demand is expected to continue rising, which bodes well.”
  • 10/11/2018 – Tyson Foods was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $71.00 price target on the stock. According to Zacks, “Tyson Foods’ Beef and Prepared Foods segments have been growing steadily on the back of rising demand for protein-rich products. In fact, this, combined with savings from the Financial Fitness program, benefits from tax reforms and synergies from the AdvancePierre’ buyout, bolstered the company’s third-quarter fiscal 2018 performance. Going ahead, management expects demand for protein to continue rising, and it remains well placed to exploit all opportunities in the space. We expect that such upsides will aid a turnaround in the company’s stock which has declined in the past three months, thanks to volatile market conditions in the Chicken and Pork categories. Sadly, management expects domestic and export prices of chicken and pork to be negatively impacted by increased tariff rates in 2018. This as well as a tough commodity market propelled management to narrow its fiscal 2018 earnings view.”
  • 10/9/2018 – Tyson Foods was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.

Tyson Foods stock opened at $60.27 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.43 and a current ratio of 1.13. Tyson Foods, Inc. has a 12 month low of $56.36 and a 12 month high of $84.65. The firm has a market cap of $21.52 billion, a PE ratio of 9.78, a P/E/G ratio of 0.90 and a beta of 0.11.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Tuesday, November 13th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.33 by $0.25. Tyson Foods had a net margin of 7.55% and a return on equity of 18.39%. The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.30 billion. During the same period in the previous year, the company posted $1.43 EPS. Tyson Foods’s revenue was down 1.4% on a year-over-year basis. As a group, equities analysts expect that Tyson Foods, Inc. will post 5.98 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be issued a dividend of $0.375 per share. This is a boost from Tyson Foods’s previous quarterly dividend of $0.30. This represents a $1.50 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, February 28th. Tyson Foods’s payout ratio is currently 19.48%.

Institutional investors have recently bought and sold shares of the company. Cornerstone Wealth Management LLC bought a new position in Tyson Foods in the 2nd quarter worth approximately $768,000. Janney Montgomery Scott LLC boosted its position in shares of Tyson Foods by 60.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 12,743 shares of the company’s stock valued at $877,000 after acquiring an additional 4,788 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Tyson Foods by 43.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 36,862 shares of the company’s stock valued at $2,538,000 after acquiring an additional 11,244 shares during the last quarter. Comerica Bank boosted its position in shares of Tyson Foods by 1.9% during the 2nd quarter. Comerica Bank now owns 83,284 shares of the company’s stock valued at $5,460,000 after acquiring an additional 1,590 shares during the last quarter. Finally, Aviva PLC boosted its position in shares of Tyson Foods by 3.1% during the 2nd quarter. Aviva PLC now owns 146,573 shares of the company’s stock valued at $10,092,000 after acquiring an additional 4,428 shares during the last quarter. Institutional investors and hedge funds own 68.53% of the company’s stock.

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.

Featured Article: Call Option

Receive News & Ratings for Tyson Foods Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit