Barclays Raises Tyson Foods (NYSE:TSN) Price Target to $76.00

Tyson Foods (NYSE:TSN) had its target price boosted by Barclays from $72.00 to $76.00 in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets increased their price objective on Tyson Foods from $58.00 to $60.00 and gave the stock a market perform rating in a research report on Tuesday, August 6th. Bank of America lowered their price objective on Tyson Foods from $62.00 to $60.00 and set a neutral rating on the stock in a research report on Wednesday, July 10th. JPMorgan Chase & Co. increased their price objective on Tyson Foods from $61.00 to $63.00 and gave the stock a neutral rating in a research report on Tuesday, August 6th. Finally, StockNews.com upgraded Tyson Foods from a hold rating to a buy rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Tyson Foods has an average rating of Hold and an average target price of $61.44.

Tyson Foods Trading Up 0.0 %

NYSE:TSN opened at $61.66 on Monday. The company has a market cap of $21.94 billion, a P/E ratio of -34.64, a P/E/G ratio of 0.46 and a beta of 0.78. The stock’s fifty day moving average price is $61.46 and its two-hundred day moving average price is $58.99. Tyson Foods has a 1 year low of $44.94 and a 1 year high of $66.88. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The company had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.21 billion. During the same quarter last year, the business posted $0.15 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. As a group, analysts expect that Tyson Foods will post 2.82 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.49 per share. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.18%. Tyson Foods’s payout ratio is -110.11%.

Institutional Investors Weigh In On Tyson Foods

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Financial Corp IN purchased a new position in Tyson Foods in the 1st quarter worth approximately $35,000. Pittenger & Anderson Inc. purchased a new position in shares of Tyson Foods in the first quarter worth $42,000. Lindbrook Capital LLC raised its holdings in Tyson Foods by 42.0% during the 1st quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock valued at $43,000 after buying an additional 214 shares during the last quarter. Mather Group LLC. purchased a new stake in Tyson Foods during the 1st quarter valued at $49,000. Finally, Hantz Financial Services Inc. bought a new stake in Tyson Foods in the 2nd quarter worth $54,000. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.