Jefferies Group LLC set a $85.00 price objective on Tyson Foods, Inc. (NYSE:TSN) in a research report report published on Monday, October 30th. The brokerage currently has a buy rating on the stock.
Several other brokerages have also recently issued reports on TSN. Zacks Investment Research upgraded Tyson Foods from a hold rating to a buy rating and set a $73.00 price objective on the stock in a research note on Thursday, August 10th. BMO Capital Markets restated an outperform rating and issued a $78.00 price target (up from $75.00) on shares of Tyson Foods in a research note on Thursday, August 10th. Royal Bank Of Canada raised their price target on Tyson Foods from $68.00 to $70.00 and gave the company a sector perform rating in a research note on Tuesday, August 8th. Mizuho restated a buy rating and issued a $76.00 price target (up from $71.00) on shares of Tyson Foods in a research note on Wednesday, August 9th. Finally, Pivotal Research reiterated a sell rating and set a $40.00 target price on shares of Tyson Foods in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $74.35.
Shares of Tyson Foods (TSN) traded up $0.32 during trading on Monday, reaching $74.14. The company had a trading volume of 2,625,213 shares, compared to its average volume of 1,825,840. Tyson Foods has a 52 week low of $55.72 and a 52 week high of $74.30. The stock has a market capitalization of $26,521.83, a price-to-earnings ratio of 15.25 and a beta of 0.30. The company has a quick ratio of 0.79, a current ratio of 1.63 and a debt-to-equity ratio of 0.97.
In other Tyson Foods news, CFO Dennis Leatherby sold 145,100 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $65.97, for a total value of $9,572,247.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mikel A. Durham acquired 2,809 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was purchased at an average cost of $65.77 per share, with a total value of $184,747.93. The disclosure for this purchase can be found here. Corporate insiders own 2.65% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Stevens First Principles Investment Advisors acquired a new stake in shares of Tyson Foods in the 3rd quarter valued at about $141,000. Sun Life Financial INC raised its stake in Tyson Foods by 21,000.0% during the second quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock worth $132,000 after acquiring an additional 2,100 shares during the period. Horan Capital Advisors LLC. acquired a new stake in Tyson Foods during the third quarter worth about $155,000. Washington Trust Bank raised its stake in Tyson Foods by 60.0% during the second quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock worth $140,000 after acquiring an additional 840 shares during the period. Finally, Independent Portfolio Consultants Inc. raised its stake in Tyson Foods by 146.7% during the second quarter. Independent Portfolio Consultants Inc. now owns 2,282 shares of the company’s stock worth $143,000 after acquiring an additional 1,357 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.
Tyson Foods Company Profile
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.