Tyson Foods (NYSE:TSN) Stock Price Expected to Rise, Citigroup Analyst Says

Tyson Foods (NYSE:TSN) had its target price increased by Citigroup from $59.00 to $60.00 in a report released on Tuesday, Marketbeat Ratings reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price target indicates a potential downside of 1.12% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. UBS Group began coverage on shares of Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price on the stock. HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. Barclays lowered their price target on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a research note on Tuesday, February 4th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $61.00.

Tyson Foods Trading Down 0.5 %

NYSE:TSN opened at $60.68 on Tuesday. The company has a market cap of $21.61 billion, a PE ratio of 20.50, a P/E/G ratio of 0.74 and a beta of 0.62. The business’s 50 day moving average is $60.27 and its two-hundred day moving average is $59.61. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Tyson Foods has a 52 week low of $53.61 and a 52 week high of $66.88.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. The firm had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.69 earnings per share. On average, analysts predict that Tyson Foods will post 3.8 EPS for the current year.

Hedge Funds Weigh In On Tyson Foods

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MML Investors Services LLC lifted its holdings in shares of Tyson Foods by 10.0% in the third quarter. MML Investors Services LLC now owns 28,657 shares of the company’s stock valued at $1,707,000 after buying an additional 2,616 shares during the period. Barclays PLC raised its position in Tyson Foods by 66.1% in the third 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 in the last quarter. Virtu Financial LLC acquired a new stake in Tyson Foods in the 3rd quarter valued at about $1,241,000. Sanctuary Advisors LLC boosted its position in shares of Tyson Foods by 47.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 31,118 shares of the company’s stock valued at $1,984,000 after purchasing an additional 9,947 shares in the last quarter. Finally, Arvest Bank Trust Division acquired a new position in shares of Tyson Foods in the 3rd quarter worth approximately $270,000. 67.00% of the stock is owned by institutional investors.

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.