Tyson Foods (NYSE:TSN) Price Target Increased to $98.00 by Analysts at BMO Capital Markets

Tyson Foods (NYSE:TSN) had its target price upped by research analysts at BMO Capital Markets from $90.00 to $98.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 8.49% from the company’s previous close.

A number of other brokerages have also issued reports on TSN. JPMorgan Chase & Co. set a $83.00 target price on shares of Tyson Foods and gave the company a “hold” rating in a research note on Monday, August 12th. Credit Suisse Group boosted their target price on shares of Tyson Foods from $96.00 to $98.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Thursday, August 8th. Bank of America started coverage on shares of Tyson Foods in a research note on Friday, October 25th. They set a “buy” rating and a $97.00 target price for the company. Finally, Pivotal Research reissued a “sell” rating and set a $50.00 target price on shares of Tyson Foods in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. Tyson Foods presently has a consensus rating of “Buy” and an average target price of $88.42.

Shares of TSN traded down $0.01 during trading hours on Wednesday, reaching $90.33. 2,214,137 shares of the company traded hands, compared to its average volume of 2,618,383. The firm has a market cap of $32.41 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 3.43 and a beta of 0.43. Tyson Foods has a 12-month low of $49.77 and a 12-month high of $94.11. The company has a current ratio of 1.30, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. The stock’s fifty day moving average price is $82.91 and its 200 day moving average price is $82.81.

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Tyson Foods (NYSE:TSN) last issued its earnings results on Tuesday, November 12th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.02). The company had revenue of $10.88 billion for the quarter, compared to analysts’ expectations of $10.93 billion. Tyson Foods had a net margin of 4.77% and a return on equity of 14.53%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.58 earnings per share. On average, research analysts forecast that Tyson Foods will post 6.51 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Advisors Preferred LLC purchased a new stake in Tyson Foods in the second quarter worth about $26,000. Valeo Financial Advisors LLC purchased a new stake in Tyson Foods in the second quarter worth about $32,000. West Oak Capital LLC purchased a new stake in Tyson Foods in the second quarter worth about $34,000. Next Capital Management LLC purchased a new stake in Tyson Foods in the second quarter worth about $35,000. Finally, Advantage Investment Management LLC lifted its stake in Tyson Foods by 283.9% in the second quarter. Advantage Investment Management LLC now owns 476 shares of the company’s stock worth $38,000 after acquiring an additional 352 shares during the period. 69.22% of the stock is owned by institutional investors.

About Tyson Foods

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; and raises and processes chickens into fresh, frozen, and value-added chicken products.

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