Tyson Foods, Inc. (NYSE:TSN) Receives $55.75 Average Target Price from Brokerages

Posted by Defense World Staff on Sep 25th, 2023

Tyson Foods, Inc. (NYSE:TSN – Get Free Report) has earned an average recommendation of “Reduce” from the eight brokerages that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $55.00.

Several research analysts have issued reports on TSN shares. HSBC initiated coverage on Tyson Foods in a research report on Friday. They set a “reduce” rating and a $49.00 target price for the company. Barclays lowered their price objective on shares of Tyson Foods from $52.00 to $50.00 in a research report on Thursday, June 1st. StockNews.com assumed coverage on shares of Tyson Foods in a research report on Thursday, August 17th. They issued a “sell” rating for the company. Finally, BMO Capital Markets raised their price objective on Tyson Foods from $48.00 to $50.00 and gave the stock a “market perform” rating in a report on Tuesday, August 8th.

View Our Latest Stock Analysis on Tyson Foods

Institutional Investors Weigh In On Tyson Foods

Institutional investors have recently modified their holdings of the business. Tucker Asset Management LLC acquired a new position in shares of Tyson Foods during the first quarter valued at approximately $32,000. AdvisorNet Financial Inc boosted its stake in Tyson Foods by 43.2% during the first quarter. AdvisorNet Financial Inc now owns 610 shares of the company’s stock worth $36,000 after buying an additional 184 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in Tyson Foods by 239.7% during the second quarter. Capital Advisors Ltd. LLC now owns 805 shares of the company’s stock worth $41,000 after buying an additional 568 shares during the last quarter. Lindbrook Capital LLC boosted its stake in Tyson Foods by 75.0% during the first quarter. Lindbrook Capital LLC now owns 714 shares of the company’s stock worth $42,000 after buying an additional 306 shares during the last quarter. Finally, CVA Family Office LLC increased its position in Tyson Foods by 148.6% during the second quarter. CVA Family Office LLC now owns 870 shares of the company’s stock worth $44,000 after purchasing an additional 520 shares during the last quarter. 63.68% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

NYSE:TSN opened at $51.12 on Friday. The stock’s 50 day simple moving average is $53.77 and its two-hundred day simple moving average is $54.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.80 and a quick ratio of 0.71. Tyson Foods has a 1 year low of $47.11 and a 1 year high of $74.07. The company has a market cap of $18.18 billion, a price-to-earnings ratio of 55.57 and a beta of 0.78.

Tyson Foods (NYSE:TSN – Get Free Report) last announced its earnings results on Monday, August 7th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.11). Tyson Foods had a net margin of 0.64% and a return on equity of 4.77%. The firm had revenue of $13.14 billion during the quarter, compared to analysts’ expectations of $13.63 billion. During the same period in the prior year, the company posted $1.94 EPS. The company’s revenue was down 2.6% compared to the same quarter last year. As a group, equities analysts anticipate that Tyson Foods will post 1.27 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Thursday, November 30th. Tyson Foods’s dividend payout ratio is currently 208.70%.

Tyson Foods Company Profile

(Get Free Report

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 live market 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.