Tyson Foods, Inc. (NYSE:TSN)‘s stock had its “sell” rating reaffirmed by analysts at Pivotal Research in a note issued to investors on Tuesday, August 8th. They currently have a $40.00 price objective on the stock. Pivotal Research’s target price points to a potential downside of 38.59% from the company’s previous close.
The analysts wrote, “We see TSN’s valuation as keyed off the “growth company” view which we question. Margins across the face of the business are in decline. We don’t love the AdvancePierre deal and expect it to be a disappointment while still accretive to EPS.””
Other analysts also recently issued reports about the stock. BidaskClub downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Thursday, April 27th. Royal Bank Of Canada reissued a “hold” rating and set a $68.00 target price on shares of Tyson Foods in a research note on Tuesday, May 9th. Jefferies Group LLC reissued a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research note on Monday, May 8th. Finally, Mizuho reissued a “buy” rating and set a $71.00 target price on shares of Tyson Foods in a research note on Monday, July 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $69.79.
Tyson Foods (NYSE TSN) traded up 0.37% during trading on Tuesday, reaching $65.14. The company had a trading volume of 2,465,295 shares. The firm has a market capitalization of $23.90 billion, a P/E ratio of 13.73 and a beta of 0.26. The company has a 50-day moving average of $62.81 and a 200-day moving average of $62.27. Tyson Foods has a 52-week low of $55.72 and a 52-week high of $77.05.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 7th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.10. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The company had revenue of $9.85 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the prior year, the firm earned $1.21 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. Analysts expect that Tyson Foods will post $5.06 EPS for the current fiscal year.
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In other Tyson Foods news, CFO Dennis Leatherby sold 145,100 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $65.97, for a total transaction of $9,572,247.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mikel A. Durham bought 2,809 shares of the stock in a transaction on Monday, August 14th. The shares were acquired at an average cost of $65.77 per share, for a total transaction of $184,747.93. The disclosure for this purchase can be found here. Corporate insiders own 2.65% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. National Pension Service boosted its stake in Tyson Foods by 7.1% in the first quarter. National Pension Service now owns 265,039 shares of the company’s stock worth $16,337,000 after buying an additional 17,455 shares during the period. Koch Industries Inc. purchased a new stake in Tyson Foods during the first quarter worth about $343,000. JPMorgan Chase & Co. boosted its stake in Tyson Foods by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 5,855,494 shares of the company’s stock worth $361,341,000 after buying an additional 558,104 shares during the period. Advisors Capital Management LLC boosted its stake in Tyson Foods by 5.8% in the second quarter. Advisors Capital Management LLC now owns 34,912 shares of the company’s stock worth $2,187,000 after buying an additional 1,918 shares during the period. Finally, APG Asset Management N.V. boosted its stake in Tyson Foods by 10.3% in the second quarter. APG Asset Management N.V. now owns 3,784,280 shares of the company’s stock worth $237,009,000 after buying an additional 352,000 shares during the period. Institutional investors own 71.05% of the company’s stock.
About Tyson Foods
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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