Tyson Foods, Inc. (NYSE:TSN) Price Target Raised to $70.00 at Royal Bank Of Canada
Tyson Foods, Inc. (NYSE:TSN) had its price objective boosted by Royal Bank Of Canada from $68.00 to $70.00 in a research note published on Tuesday morning, Marketbeat reports. They currently have a sector perform rating on the stock.
A number of other brokerages have also recently commented on TSN. Zacks Investment Research cut Tyson Foods from a buy rating to a hold rating in a research note on Wednesday, August 2nd. Pivotal Research reiterated a sell rating and issued a $40.00 price target on shares of Tyson Foods in a research note on Tuesday. ValuEngine cut Tyson Foods from a buy rating to a hold rating in a research note on Friday, June 2nd. Jefferies Group LLC reiterated a buy rating and issued a $75.00 price target on shares of Tyson Foods in a research note on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) reiterated a buy rating and issued a $76.00 price target on shares of Tyson Foods in a research note on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $68.54.
Tyson Foods (NYSE:TSN) traded down 1.35% during mid-day trading on Tuesday, hitting $64.14. The stock had a trading volume of 1,585,891 shares. The firm has a market cap of $23.54 billion, a P/E ratio of 13.40 and a beta of 0.26. Tyson Foods has a 12-month low of $55.72 and a 12-month high of $77.05. The stock has a 50-day moving average price of $61.77 and a 200 day moving average price of $62.05.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 7th. The company reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.10. The company had revenue of $9.85 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.21 earnings per share. Equities analysts anticipate that Tyson Foods will post $5.01 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.38%. The ex-dividend date is Wednesday, August 30th. Tyson Foods’s dividend payout ratio is currently 18.95%.
A number of hedge funds have recently made changes to their positions in TSN. BlackRock Inc. raised its stake in shares of Tyson Foods by 2,404.6% in the first quarter. BlackRock Inc. now owns 19,055,591 shares of the company’s stock valued at $1,175,919,000 after buying an additional 18,294,771 shares in the last quarter. State Street Corp raised its stake in shares of Tyson Foods by 0.9% in the first quarter. State Street Corp now owns 14,004,153 shares of the company’s stock valued at $864,191,000 after buying an additional 120,056 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Tyson Foods by 7.3% in the first quarter. Ameriprise Financial Inc. now owns 7,419,216 shares of the company’s stock valued at $457,839,000 after buying an additional 506,267 shares in the last quarter. JPMorgan Chase & Co. raised 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 in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Tyson Foods by 8.2% in the first quarter. Alliancebernstein L.P. now owns 4,790,930 shares of the company’s stock valued at $295,648,000 after buying an additional 362,044 shares in the last quarter. 71.97% of the stock is owned by hedge funds and other institutional investors.
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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