The Goldman Sachs Group Increases Tyson Foods (NYSE:TSN) Price Target to $54.00

Tyson Foods (NYSE:TSN) had its price objective boosted by investment analysts at The Goldman Sachs Group from $49.00 to $54.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential downside of 8.27% from the company’s previous close.

TSN has been the topic of a number of other research reports. Piper Sandler raised their target price on shares of Tyson Foods from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Citigroup increased their price objective on shares of Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Bank of America raised shares of Tyson Foods from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $47.00 to $62.00 in a report on Tuesday, February 6th. JPMorgan Chase & Co. increased their price objective on shares of Tyson Foods from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Finally, Barclays raised shares of Tyson Foods from an “underweight” rating to an “overweight” rating and raised their target price for the company from $53.00 to $69.00 in a report on Tuesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and an average price target of $58.80.

Tyson Foods Price Performance

TSN opened at $58.87 on Wednesday. The company’s 50-day simple moving average is $55.97 and its two-hundred day simple moving average is $52.37. Tyson Foods has a 52-week low of $44.94 and a 52-week high of $63.28. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49. The stock has a market capitalization of $20.98 billion, a P/E ratio of -23.83, a P/E/G ratio of 0.46 and a beta of 0.77.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.28. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The firm had revenue of $13.32 billion for the quarter, compared to analysts’ expectations of $13.34 billion. During the same quarter in the prior year, the business earned $0.85 EPS. The business’s quarterly revenue was up .4% on a year-over-year basis. As a group, analysts predict that Tyson Foods will post 2.33 EPS for the current year.

Insider Transactions at Tyson Foods

In other news, Director Noel W. White sold 9,000 shares of Tyson Foods stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the completion of the sale, the director now directly owns 31,115 shares in the company, valued at $1,672,431.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.05% of the company’s stock.

Institutional Trading of Tyson Foods

Institutional investors and hedge funds have recently made changes to their positions in the company. Sugarloaf Wealth Management LLC raised its holdings in shares of Tyson Foods by 74.7% in the third quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock valued at $30,000 after acquiring an additional 254 shares in the last quarter. First Financial Corp IN purchased a new stake in shares of Tyson Foods during the first quarter valued at about $35,000. Manchester Capital Management LLC lifted its position in shares of Tyson Foods by 501.9% during the third quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock valued at $31,000 after buying an additional 517 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Tyson Foods by 47.4% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after buying an additional 208 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its position in shares of Tyson Foods by 306.8% during the third quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock valued at $36,000 after buying an additional 540 shares during the last quarter. 67.00% of the stock is currently 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 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.