Tyson Foods (NYSE:TSN) Price Target Raised to $62.00

Tyson Foods (NYSE:TSN) had its target price boosted by BMO Capital Markets from $60.00 to $62.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a market perform rating on the stock.

Several other research analysts also recently weighed in on TSN. Barclays increased their price target on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Citigroup lowered their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Piper Sandler downgraded shares of Tyson Foods from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $57.00 to $50.00 in a report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $60.67.

Tyson Foods Price Performance

Tyson Foods stock opened at $64.32 on Wednesday. The business’s 50 day simple moving average is $60.04 and its 200 day simple moving average is $59.75. Tyson Foods has a 12 month low of $46.51 and a 12 month high of $66.88. The company has a market cap of $22.89 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 0.40 and a beta of 0.78. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52.

Insider Activity

In related news, insider Wes Morris sold 22,783 shares of Tyson Foods stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the completion of the sale, the insider now owns 15,937 shares of the company’s stock, valued at approximately $999,409.27. This trade represents a 58.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.05% of the company’s stock.

Institutional Trading of Tyson Foods

Institutional investors and hedge funds have recently modified their holdings of the business. Davis Selected Advisers bought a new position in shares of Tyson Foods in the second quarter worth approximately $177,439,000. Pzena Investment Management LLC increased its holdings in shares of Tyson Foods by 18.4% in the 2nd quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock worth $713,654,000 after buying an additional 1,939,508 shares during the last quarter. State Street Corp raised its position in shares of Tyson Foods by 6.9% during the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock valued at $792,438,000 after buying an additional 859,351 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Tyson Foods during the 2nd quarter valued at $29,537,000. Finally, Barclays PLC lifted its holdings in shares of Tyson Foods by 66.1% during the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock worth $66,841,000 after acquiring an additional 446,648 shares during the last quarter. Hedge funds and other 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.