Tyson Foods, Inc. (TSN) Receives $81.33 Average PT from Brokerages
Shares of Tyson Foods, Inc. (NYSE:TSN) have received an average rating of “Buy” from the twenty ratings firms that are presently covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $81.33.
Several equities analysts have weighed in on the stock. Morgan Stanley assumed coverage on shares of Tyson Foods in a report on Friday, November 3rd. They set an “equal weight” rating and a $76.00 price target on the stock. Pivotal Research raised shares of Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 price target on the stock in a report on Monday, November 13th. BMO Capital Markets lifted their price target on shares of Tyson Foods to $89.00 and gave the company an “outperform” rating in a report on Tuesday, November 14th. Argus raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Wednesday, November 15th. Finally, raised shares of Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 price target on the stock in a report on Wednesday, November 15th.
In related news, General Counsel Bebber David L. Van sold 164,348 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $83.26, for a total value of $13,683,614.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gaurdie E. Jr. Banister sold 7,800 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $75.56, for a total transaction of $589,368.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 250,657 shares of company stock worth $20,665,314. Company insiders own 2.65% of the company’s stock.
Shares of Tyson Foods (NYSE:TSN) traded up $0.33 during midday trading on Wednesday, hitting $73.65. 2,050,000 shares of the stock were exchanged, compared to its average volume of 2,390,000. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.51. The stock has a market cap of $27,060.00, a P/E ratio of 14.91, a PEG ratio of 1.00 and a beta of 0.20. Tyson Foods has a 12-month low of $57.20 and a 12-month high of $84.65.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.30. The company had revenue of $10.23 billion for the quarter, compared to the consensus estimate of $9.88 billion. Tyson Foods had a net margin of 7.15% and a return on equity of 19.25%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.59 earnings per share. equities research analysts forecast that Tyson Foods will post 6.68 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Thursday, May 31st. Tyson Foods’s payout ratio is currently 24.29%.
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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