Todays Report: The Tyson Foods Inc. (TSN) Price Target Cut to $65.00 by Analysts at Credit Suisse Group AG

The Tyson Foods Inc. (TSN) Price Target Cut to $65.00 by Analysts at Credit Suisse Group AG

Tyson Foods Inc. (NYSE:TSN) had its price target reduced by Credit Suisse Group AG from $72.00 to $65.00 in a report issued on Tuesday morning. Credit Suisse Group AG currently has a neutral rating on the stock.

A number of other brokerages also recently weighed in on TSN. JPMorgan Chase & Co. reaffirmed a focus list rating on shares of Tyson Foods in a research report on Tuesday, October 4th. RBC Capital Markets restated a sector perform rating and issued a $75.00 target price (up previously from $72.00) on shares of Tyson Foods in a research report on Thursday, August 11th. BMO Capital Markets restated a market perform rating and issued a $77.00 target price on shares of Tyson Foods in a research report on Thursday, August 11th. Pivotal Research restated a buy rating and issued a $100.00 target price on shares of Tyson Foods in a research report on Wednesday, August 10th. Finally, upped their target price on shares of Tyson Foods from $77.00 to $82.00 and gave the stock an outperform rating in a research report on Tuesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $69.41.

Shares of Tyson Foods (NYSE:TSN) opened at 59.65 on Tuesday. Tyson Foods has a 52-week low of $48.52 and a 52-week high of $77.05. The firm has a market capitalization of $22.37 billion, a P/E ratio of 13.17 and a beta of 0.18. The stock’s 50 day moving average is $68.30 and its 200-day moving average is $69.61.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, November 21st. The company reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by $0.20. Tyson Foods had a net margin of 4.79% and a return on equity of 17.57%. The business had revenue of $9.16 billion for the quarter, compared to the consensus estimate of $9.38 billion. During the same period in the prior year, the company earned $0.83 EPS. Tyson Foods’s quarterly revenue was down 12.8% on a year-over-year basis. On average, equities analysts forecast that Tyson Foods will post $4.59 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st will be issued a dividend of $0.225 per share. The ex-dividend date is Monday, February 27th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.51%. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.15. Tyson Foods’s payout ratio is currently 13.25%.

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Tyson Foods by 4.8% in the second quarter. Vanguard Group Inc. now owns 28,226,216 shares of the company’s stock worth $1,885,228,000 after buying an additional 1,298,587 shares in the last quarter. State Street Corp raised its stake in Tyson Foods by 0.4% in the second quarter. State Street Corp now owns 12,906,720 shares of the company’s stock worth $862,034,000 after buying an additional 54,228 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Tyson Foods by 6.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 8,589,898 shares of the company’s stock worth $573,719,000 after buying an additional 483,951 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Tyson Foods by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 7,999,802 shares of the company’s stock worth $534,307,000 after buying an additional 79,878 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Tyson Foods by 9.5% in the second quarter. Ameriprise Financial Inc. now owns 7,573,609 shares of the company’s stock worth $505,853,000 after buying an additional 655,290 shares in the last quarter. Institutional investors and hedge funds own 73.44% of the company’s stock.

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