Tyson Foods (NYSE:TSN) Price Target Increased to $98.00 by Analysts at BMO Capital Markets

Tyson Foods (NYSE:TSN) had its target price lifted by BMO Capital Markets from $90.00 to $98.00 in a research note issued to investors on Wednesday morning, The Fly reports. The firm currently has an outperform rating on the stock.

A number of other brokerages have also issued reports on TSN. Credit Suisse Group increased their target price on shares of Tyson Foods from $96.00 to $98.00 and gave the stock an outperform rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. set a $83.00 target price on shares of Tyson Foods and gave the stock a hold rating in a research report on Monday, August 12th. Zacks Investment Research upgraded shares of Tyson Foods from a hold rating to a buy rating and set a $91.00 price target on the stock in a research report on Thursday, August 8th. Bank of America began coverage on shares of Tyson Foods in a research report on Friday, October 25th. They set a buy rating and a $97.00 price target on the stock. Finally, Pivotal Research reiterated a sell rating and set a $50.00 price target on shares of Tyson Foods in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. Tyson Foods currently has an average rating of Buy and a consensus price target of $88.42.

Shares of NYSE:TSN traded down $0.01 on Wednesday, reaching $90.33. 2,214,137 shares of the company’s stock were exchanged, compared to its average volume of 2,706,121. The company has a fifty day moving average of $82.91 and a 200-day moving average of $82.81. Tyson Foods has a twelve month low of $49.77 and a twelve month high of $94.11. The company has a market capitalization of $32.95 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 1.44 and a beta of 0.43. The company has a current ratio of 1.30, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69.

Tyson Foods (NYSE:TSN) last announced its earnings results on Tuesday, November 12th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.02). Tyson Foods had a return on equity of 14.53% and a net margin of 4.77%. The business had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.93 billion. During the same quarter in the previous year, the company earned $1.58 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities research analysts forecast that Tyson Foods will post 6.56 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of TSN. Nuveen Asset Management LLC boosted its position in shares of Tyson Foods by 24,482.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,888,675 shares of the company’s stock worth $152,492,000 after acquiring an additional 1,880,992 shares in the last quarter. Boston Partners lifted its stake in Tyson Foods by 56.4% in the 2nd quarter. Boston Partners now owns 4,766,243 shares of the company’s stock valued at $384,857,000 after purchasing an additional 1,718,237 shares during the last quarter. BlackRock Inc. lifted its stake in Tyson Foods by 4.4% in the 2nd quarter. BlackRock Inc. now owns 20,908,859 shares of the company’s stock valued at $1,688,183,000 after purchasing an additional 872,367 shares during the last quarter. Invesco Ltd. lifted its stake in Tyson Foods by 19.1% in the 2nd quarter. Invesco Ltd. now owns 4,478,758 shares of the company’s stock valued at $361,615,000 after purchasing an additional 719,437 shares during the last quarter. Finally, Highline Capital Management L.P. bought a new position in Tyson Foods in the 2nd quarter valued at approximately $52,166,000. Institutional investors and hedge funds own 69.22% 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 live market 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.

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