Mizuho Reiterates “Buy” Rating for Tyson Foods, Inc. (NYSE:TSN)
Tyson Foods, Inc. (NYSE:TSN)‘s stock had its “buy” rating reiterated by equities researchers at Mizuho in a research report issued to clients and investors on Wednesday. They presently have a $76.00 price objective on the stock, up from their previous price objective of $71.00. Mizuho’s price target would indicate a potential upside of 17.54% from the stock’s previous close.
Several other brokerages have also weighed in on TSN. Zacks Investment Research lowered Tyson Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Pivotal Research reaffirmed a “sell” rating and issued a $40.00 target price on shares of Tyson Foods in a research report on Tuesday. ValuEngine lowered Tyson Foods from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $75.00 target price on shares of Tyson Foods in a research report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $76.00 target price on shares of Tyson Foods in a research report on Tuesday, May 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $68.96.
Tyson Foods (NYSE TSN) traded down 0.55% during mid-day trading on Wednesday, reaching $64.66. The company had a trading volume of 3,666,071 shares. The firm has a market capitalization of $23.73 billion, a P/E ratio of 13.51 and a beta of 0.26. The stock’s 50-day moving average is $61.77 and its 200 day moving average is $62.05. Tyson Foods has a 12 month low of $55.72 and a 12 month high of $77.05.
Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.10. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The company had revenue of $9.85 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the prior year, the firm posted $1.21 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. On average, analysts predict that Tyson Foods will post $5.01 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. National Pension Service raised its position in shares of Tyson Foods by 7.1% in the first quarter. National Pension Service now owns 265,039 shares of the company’s stock worth $16,337,000 after buying an additional 17,455 shares in the last quarter. Koch Industries Inc. acquired a new stake in shares of Tyson Foods during the first quarter valued at $343,000. JPMorgan Chase & Co. increased its stake in shares of Tyson Foods by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 5,855,494 shares of the company’s stock valued at $361,341,000 after buying an additional 558,104 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Tyson Foods during the first quarter valued at $4,097,000. Finally, APG Asset Management N.V. increased its stake in shares of Tyson Foods by 10.3% in the second quarter. APG Asset Management N.V. now owns 3,784,280 shares of the company’s stock valued at $237,009,000 after buying an additional 352,000 shares during the last quarter. 71.97% of the stock is currently owned by institutional investors and hedge funds.
About Tyson Foods
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.
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