Tyson Foods, Inc. (NYSE:TSN) Given Consensus Rating of “Buy” by Brokerages
Shares of Tyson Foods, Inc. (NYSE:TSN) have received an average recommendation of “Buy” from the sixteen ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $69.79.
TSN has been the subject of a number of research analyst reports. BidaskClub raised Tyson Foods from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. BMO Capital Markets reissued a “buy” rating and issued a $75.00 target price on shares of Tyson Foods in a research note on Thursday, June 15th. Vertical Research raised Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Mizuho initiated coverage on Tyson Foods in a research note on Wednesday, June 7th. They issued a “buy” rating and a $71.00 target price for the company. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $75.00 target price on shares of Tyson Foods in a research note on Monday, May 8th.
A number of institutional investors have recently made changes to their positions in the company. IFP Advisors Inc increased its position in shares of Tyson Foods by 9.4% in the first quarter. IFP Advisors Inc now owns 2,111 shares of the company’s stock worth $130,000 after buying an additional 182 shares during the period. Washington Trust Bank increased its position in shares of Tyson Foods by 60.0% in the second quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock worth $140,000 after buying an additional 840 shares during the period. Independent Portfolio Consultants Inc. increased its position in shares of Tyson Foods by 146.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,282 shares of the company’s stock worth $143,000 after buying an additional 1,357 shares during the period. IHT Wealth Management LLC increased its position in shares of Tyson Foods by 62.9% in the first quarter. IHT Wealth Management LLC now owns 2,850 shares of the company’s stock worth $177,000 after buying an additional 1,100 shares during the period. Finally, Harbour Capital Advisors LLC acquired a new position in shares of Tyson Foods during the first quarter worth $196,000. 71.97% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Tyson Foods (NYSE TSN) traded up 1.05% on Friday, reaching $65.55. The company had a trading volume of 2,783,319 shares. The company has a 50-day moving average price of $62.32 and a 200-day moving average price of $62.16. The firm has a market cap of $24.05 billion, a P/E ratio of 13.82 and a beta of 0.26. Tyson Foods has a one year low of $55.72 and a one year high of $77.05.
Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 7th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.10. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The firm had revenue of $9.85 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same period in the previous year, the firm earned $1.21 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. On average, analysts expect that Tyson Foods will post $5.06 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.225 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.90 annualized dividend and a yield of 1.37%. Tyson Foods’s payout ratio is presently 18.95%.
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.
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