Tyson Foods Inc. (NYSE:TSN)‘s stock had its “sell” rating restated by Pivotal Research in a report issued on Wednesday. They presently have a $40.00 price target on the stock. Pivotal Research’s price objective suggests a potential downside of 31.81% from the stock’s current price.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Tuesday, August 9th. Jefferies Group boosted their target price on shares of Tyson Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. BMO Capital Markets reiterated a “buy” rating and issued a $84.00 target price on shares of Tyson Foods in a report on Tuesday. JPMorgan Chase & Co. reiterated a “focus list” rating on shares of Tyson Foods in a report on Tuesday, October 4th. Finally, Vetr upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating and set a $68.87 target price for the company in a report on Wednesday, October 19th. Three analysts have rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Tyson Foods has an average rating of “Hold” and a consensus target price of $69.41.
Tyson Foods (NYSE:TSN) opened at 58.66 on Wednesday. Tyson Foods has a 12-month low of $48.52 and a 12-month high of $77.05. The company has a 50 day moving average of $68.86 and a 200-day moving average of $69.67. The stock has a market cap of $22.00 billion, a P/E ratio of 12.95 and a beta of 0.18.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, November 21st. The company reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.16 by $0.20. The firm earned $9.16 billion during the quarter, compared to the consensus estimate of $9.38 billion. Tyson Foods had a net margin of 4.79% and a return on equity of 17.57%. The business’s revenue was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 earnings per share. Equities analysts forecast that Tyson Foods will post $4.59 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.53%. The ex-dividend date is Monday, February 27th. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.15. Tyson Foods’s dividend payout ratio is currently 13.25%.
Large investors have recently added to or reduced their stakes in the company. Washington Trust Bank raised its stake in Tyson Foods by 2.2% in the third quarter. Washington Trust Bank now owns 1,431 shares of the company’s stock valued at $107,000 after buying an additional 31 shares in the last quarter. Evercore Wealth Management LLC raised its stake in Tyson Foods by 22.2% in the second quarter. Evercore Wealth Management LLC now owns 1,775 shares of the company’s stock valued at $119,000 after buying an additional 323 shares in the last quarter. Financial Architects Inc raised its stake in Tyson Foods by 1,101.3% in the second quarter. Financial Architects Inc now owns 1,838 shares of the company’s stock valued at $122,000 after buying an additional 1,685 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in Tyson Foods during the third quarter valued at approximately $140,000. Finally, Kernodle & Katon Asset Management Group LLC bought a new stake in Tyson Foods during the second quarter valued at approximately $156,000. Institutional investors and hedge funds own 73.44% of the company’s stock.
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